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.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).