BUSINESS IN SHORT

Car production rose in 2013

A TOTAL of 987,718 cars were produced in Slovakia last year, up by 6.6 percent compared to 2012. The number of cars produced per 1,000 inhabitants in Slovakia stood at 182 in 2013.

A TOTAL of 987,718 cars were produced in Slovakia last year, up by 6.6 percent compared to 2012. The number of cars produced per 1,000 inhabitants in Slovakia stood at 182 in 2013.

“We are still the largest automobile manufacturer [per capita] in the world,” Jaroslav Holeček, head of Slovak Automotive Industry Association (ZAP), told the press on April 30, as quoted by the TASR newswire.

ZAP does not expect a further increase in production this year. Overall, more than 900,000 vehicles should be produced.

The association also noted a growing trend in sales of new cars, with the number of registrations in the first quarter of 2014 surpassing the figures for the same period last year. The number of cars owned per 1,000 inhabitants stood at 348 vehicles last year, which represents an increase of more than 7.4 percent compared to 2012, as reported by TASR.

ZAP data shows that companies operating in the automotive industry produce 26 percent of Slovak exports, thus contributing €4.5 billion to Slovakia’s positive budget balance.

Get daily Slovak news directly to your inbox

Top stories

News digest: Pilot testing deemed successful

Coronavirus affects bus connections, gastronomy businesses send an open letter to the prime minister. Take a look at the latest in our news digest.

PM Igor Matovič presents the results of the pilot nationwide testing on October 26.

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger