Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Industrial production slows

THE GROWTH of industrial production in Slovakia reached 17 percent year-on-year in August, compared to 18.4 percent in July, the Slovak Statistics Office announced on October 9.

THE GROWTH of industrial production in Slovakia reached 17 percent year-on-year in August, compared to 18.4 percent in July, the Slovak Statistics Office announced on October 9.

“The deceleration of growth was especially caused by the transfer of the company-wide holidays in car-manufacturing companies from July to August,” said Slovenská Sporiteľňa analyst Martin Baláž, as quoted by the TASR newswire. Due to the holiday, the year-on-year growth of vehicle production decelerated from 83 percent in July to 77 percent in August.

Baláž added that the car industry is still driving Slovakia's economic growth.

Top stories

What does a big fat Slovak wedding look like?

Eating cock meat or noodles with human milk used to be a part of a Slovak wedding, but to most couples today, having a candy bar or professional photographer is more important than observing traditions.

Illustrative stock photo

Spectacular Slovakia: Anti-Ottoman Bastion on film Video

Štiavnické Bane was the centre of the technical, cultural and religious education of the Austria-Hungary monarchy beginning in the 15th century.

The first Slovak satellite goes into orbit

After five years of construction, SkCUBE is ready to fly

Another salary negotiation at Volkswagen fails Photo

The strike continues, the representatives of the trade unions say it would be a mistake to give up.