Spectator on facebook

Spectator on facebook

Corporate profits in Slovakia decline 6.3 percent y/y in 3Q13

The profits of financial and non-financial corporations in Slovakia in 3Q13 fell by 6.3 percent year-on-year to €2.659 billion. This development was mainly due to a drop in profits of financial corporations by 9.3 percent to €515 million, and those of non-financial corporations by 5.6 percent to €2.143 billion.

The profits of financial and non-financial corporations in Slovakia in 3Q13 fell by 6.3 percent year-on-year to €2.659 billion. This development was mainly due to a drop in profits of financial corporations by 9.3 percent to €515 million, and those of non-financial corporations by 5.6 percent to €2.143 billion.

The decline was caused by other financial mediators, whose profits fell by a considerable 44.9 percent to €75.5 million, the Slovak Statistics Office (ŠÚ) informed on December 4, as quoted by the TASR newswire. Conversely, the profits of financial institutions were up 1.3 percent to €321.5 million, and those of insurance corporations and pension funds were up by 4.3 percent to €118.3 million.

When the first three quarters of 2013 are taken into account, all three types of financial corporations made profits: monetary financial institutions made €959 million, insurance corporations and pension funds made €274.2 million and other financial brokers brought in €201.9 million.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

We want a decent Slovakia, people chanted in squares

On the eve of the Velvet Revolution anniversary, people protested in the thousands, calling for a decent Slovakia.

Bratislava protest November 16, 2018

What we didn't know about our freedom

In 1989, we thought that once the job was done, we would only go out to the squares for Sunday walks.

November 1989 in Bratislava

Bratislava gets a taste of international poetry Video

The international poetry festival Ars Poetica will host poetry readings and other performances at various sites in the city.

Camilla Nelson

UPDATED: Denník N: Danko is a plagiarist

The daily analysed the thesis identical to that of Parliament's Speaker Andrej Danko to find it was copied from textbooks. Danko does not plan to resign, he wants to wait for the stance of a special commission.

Speaker of Parliament Andrej Danko