Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Mood of business leaders worsens

THE MOOD of Slovak companies and consumers fell by 2.4 percentage points in August month-on-month and reached its lowest level since the beginning of this year. Slovakia recorded worse results in economic sentiment only during the economic crisis in 2008 and 2009, the Hospodárske Noviny daily reported.

THE MOOD of Slovak companies and consumers fell by 2.4 percentage points in August month-on-month and reached its lowest level since the beginning of this year. Slovakia recorded worse results in economic sentiment only during the economic crisis in 2008 and 2009, the Hospodárske Noviny daily reported.

“The worse mood has been supported by the bad situation in financial markets,” said Poštová Banka analyst Eva Sadovská, as quoted by the daily, adding that people and companies are also scared of the word “crisis”, which is becoming more frequent.

UniCredit Bank analyst Vladimír Zlacký added that economic sentiment could worsen further when upcoming GDP growth figures are announced for the biggest European economies.

The only sector where the mood is better is industry, where producers expect increased production of computers, electronics and cars. However, KIA Motors Slovakia spokesperson Dušan Dvořák said that his company’s production would depend on developments in world markets.

The optimism of Slovak companies grew from 2009 until the beginning of this year, when the ruling coalition's austerity measures came into force.

Zlacký commented that Slovakia had to pass the measures; otherwise the financial markets would have punished Slovakia and would have listed it as a country with debt problems.


Top stories

Quidditch becomes reality in Slovakia as first teams emerge Video

The wizard sport, fighting for its status in the real sports world, has won the hearts of some Slovaks.

Top stories from Last Week in Slovakia Video

Voters’ indifference affects regional votes - Can Slovaks be lured back from Britain? - Petit Press majority owner dies

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between October 20 and October 29, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

International Halloween Party

Babiš did not re-write the past

Constitutional Court decided in favour of National Memory Institute which included Andrej Babiš in its list of communist secret service confindants.

Slovak-born Czech Finance Minister Andrej Babiš