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

How the national emblem appeared – including so far secret communism designs

Even Slovaks often do not know why the national emblem depicts a white double-cross, and not the Kriváň peak, or the design by artist Vincent Hložník. They also do not know why it makes a difference whether it is…

Offical Slovak national emblem and colours

Bratislava Zoo will have new wolf breeding station

One of most significant investments of the Bratislava Zoo in the year 2017 will be the building of a new wolf breeding station.

Foreigners: Events around Slovakia Photo

Tips for performances and other events in the Slovak regions between February 17 and February 26, including a race on old wooden sleighs, an operetta premiere, a lot of jazz, classical and rock music, and more.

Rce in krňačky sleighing, Turecká 2017

Some food really is better in Austria, study finds

EC says its role is to monitor safety, not quality – but Slovaks want the same as Austrians, says minister.

Illustrative stock photo