Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Retail revenues fell in December

REVENUES in the retail sector continued their year-on-year decrease at the end of 2012. In December, they dropped by 4 percent to €1.732 billion, the Statistics Office announced as reported by the SITA newswire. The last time the revenues went up in the year-on-year comparison was in May 2012. The overall drop in 2012 compared to 2011 was 1 percent.

REVENUES in the retail sector continued their year-on-year decrease at the end of 2012. In December, they dropped by 4 percent to €1.732 billion, the Statistics Office announced as reported by the SITA newswire. The last time the revenues went up in the year-on-year comparison was in May 2012. The overall drop in 2012 compared to 2011 was 1 percent.

In December retail revenues continued to decline both in the food and non-food sectors, according to UniCredit Bank analyst Ľubomír Koršňák.

“The growing insecurity on the labour market couldn’t be overcome even by the Christmas holidays and the revenues of the Slovak retail sector thus moved the pre-crisis minimum down again,” Koršňák told SITA. He does not expect any significant revival of the market at the beginning of 2013 either, since consumer confidence remains low.

Top stories

Ecological sunscreen and air pollution monitoring among the projects of Slovak high-schoolers

Leaf organization awarded the best projects by Slovak students.

Filip Geib, Emanuel Kucbel and Peter Škripko

Prosecutor’s office: Reporter’s murder investigation had some flaws

The lawyer of the journalist’s parents fears information leakage to Police Corps officers.

Commemorating Ján Kuciak and Martina Kušnírová at protests

Prosecutor withdraws charges of libel against journalist

The journalist originally received an 18-month suspended sentence with three years of probation.

The CT scanner scandal cost Pavol Paška his post as speaker of parliament.

Several Christians disagree with Church’s stance towards extremists

The extremist ĽSNS party drafted a bill limiting abortions in Slovakia, creating an awkward situation for the Church.

Illustrative stock photo