Economy takes new breath as second Covid wave recedes in Slovakia

But observers warn against shortage of chips in industry and looming third pandemic wave.

Carmakers are well off, but the situation may change given the lack of chips.Carmakers are well off, but the situation may change given the lack of chips. (Source: SME)

The third month of 2021 has resulted in positive developments in several segments of the economy.

Investment Advisory Guide - Your key to understanding the Slovak business environmentInvestment Advisory Guide - Your key to understanding the Slovak business environment (Source: Investment Guide)

Although many sectors remained closed given the anti-pandemic measures still in place, the figures were better than in previous months.

SkryťTurn off ads
Article continues after video advertisement
SkryťTurn off ads
Article continues after video advertisement

This was mostly the case of foreign trade and industrial production, but mainly because these were compared with last March, impacted by the starting pandemic. Still, observers point to a potential effect in the coming months due to the lack of semiconductor components, which forced some carmakers to suspend their production recently.

SkryťTurn off ads

Observers expect better development for the next months, particularly when it comes to revenues, referring to the relaxing of pandemic restrictions.

Find out more in our overview of statistics presented in May 2021.

Prices affected by fuels and tobacco

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

Janka, a blogger, during the inauguration of the first flight to Athens with Aegean Airlines at the airport in Bratislava on September 14, 2023.

A Czech rail operator connects Prague and Ukraine, Dominika Cibulková endorses Pellegrini, and Bratislava events.


Píšem or pišám?

"Do ľava," (to the left) I yelled, "Nie, do prava" (no, to the right), I gasped. "Dolšie," I screamed. "Nie, nie, horšie..." My Slovak girlfriend collapsed in laughter. Was it something I said?


Matthew J. Reynolds
Czech biochemist Jan Konvalinka.

Jan Konvalinka was expecting a pandemic before Covid-19 came along.


SkryťClose ad