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Economics

News on Slovakia's economy and employment

Fight for money from Airb’n’b has started in Slovakia, too

Economy Ministry wants to see the shared economy taxed, while the city of Bratislava asks Airb’n’b to include accommodation tax in its prices. Compiled by Spectator staff ,29. Jun 2017, at 14:39

Ivo Nesrovnal

Committee recommends Jahnátek as head of energy regulator

The position of head of the ÚRSO, which caused uproar in the ruling coalition and chaos and criticism of Jozef Holjenčík, will be filled by ex-minister of economy. Compiled by Spectator staff ,29. Jun 2017, at 10:49

Former economy Minister Jahnátek

PAS: Slovakia's business environment ranking declines

Slovakia slipped three places in the latest global Superindex PAS ranking of countries that evaluates the conditions in which businesses operate. Compiled by Spectator staff ,29. Jun 2017, at 6:03

Peter Kremský of PAS

GDP growth in following two years to exceed 4 percent

The recently published forecasts by the central bank and the OECD confirm the positive development of the country’s economy. Compiled by Spectator staff ,21. Jun 2017, at 13:31

OECD Secretary General José Ángel Gurría

Unemployment rate at historical low in May

The jobless rate has hit its historical bottom since the fall communism but the change in methodology in 2013 is partly behind this. One of the factors is the huge demand for labour which lowers the requirements… Compiled by Spectator staff ,20. Jun 2017, at 23:13

District labour office in Slovakia, illustrative stock photo

Bomb alert announced at VW plant; meanwhile negotiations are set to continue on June 21Photo

If the Modern Volkswagen Unions (MOV) fail to find a consensus with Volkswagen Slovakia’s management, the protest could continue until July 3. Compiled by Spectator staff ,20. Jun 2017, at 22:52

Strike in Volkswagen Slovakia on June 20, 2017.

May inflation rate brought some surprises

Analysts believe the higher inflation was tied to the rising costs of fruit. Compiled by Spectator staff ,14. Jun 2017, at 14:35

Lower fruit prices helped push down inflation.

Changing trend: fewer Slovaks commuting for work outside the country

The Slovak Statistics Office (ŠÚ) published a report on June 8 that shows fewer Slovak residents are working abroad. Compiled by Spectator staff ,8. Jun 2017, at 14:39

Caring for seniors, illustrative stock photo

OECD: Slovak GDP to grow by 3.3 percent this year

Slovakia's economy is expected to maintain its growth this year before accelerating in 2018, according to the international organisation. Compiled by Spectator staff ,7. Jun 2017, at 22:54

Illustrative stock photo

Unemployment rate falls to 7.74 percent in April

For the first time since 2008, the unemployment rate in Slovakia was lower than 8 percent. Compiled by Spectator staff ,22. May 2017, at 14:03

Illustrative stock photo

IT industry is the leader of Slovak economy for profitability

Analysis finds food processing, entertainment and relaxation, accommodation and gastronomy at the opposite end of the chart. Compiled by Spectator staff ,17. May 2017, at 23:04

Illustrative stock photo

No surprises in GDP growth

The main driving forces might have been the consumption of households, but also foreign trade. Compiled by Spectator staff ,16. May 2017, at 13:50

Kia Motors Slovakia in Teplička nad Váhom.

Analysts: inflation slowed down in April, expected to accelerate in May

Expectations for inflation rates have lowered, after the first quarter of 2017. Compiled by Spectator staff ,15. May 2017, at 14:55

Illustrative stock photo

Finance minister talks to Financial Times

Peter Kažimír told the paper he seeks to steer Slovakia past a “lasagne of evil”, adding that a wave of populist unrest in the EU does not sour his outlook for growth. Compiled by Spectator staff ,11. May 2017, at 14:03

Peter Kažimír

Foreign trade grew significantly

But a slight drop is expected to occur in the following months. Compiled by Spectator staff ,9. May 2017, at 12:50

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

Budgetary Council: Public finances heading towards long-term sustainability

The long-term sustainability indicator for 2016 posted a negative figure of minus 0.1 percent of GDP – for the first time, the Budgetary Responsibility Council (RRZ) states in its latest report. Compiled by Spectator staff ,4. May 2017, at 17:22

Members of the Budegtary Responsibility Council (RRZ) L-R: Ľudovít Ódor, its chair Ivan Šramko, and Anetta Čaplánová.

Public administration collects more from taxes

Also the management of municipal administration improved. Compiled by Spectator staff ,4. May 2017, at 6:19

Slovakia continues consolidation of public finances

The general government deficit of Slovakia dropped below 1.7 percent last year. Compiled by Spectator staff ,24. Apr 2017, at 22:23

Finance Minister Peter Kažimír

Analysis: More than 200 % companies vanished since start of crisis

The year 2016 was second worst in numbers of Slovak companies that ceased to exist since the beginning of the financial crisis, an analysis found. Compiled by Spectator staff ,24. Apr 2017, at 14:43

Paying taxes.

IMF: Slovak GDP to rise to 3.3 percent

Consumer prices will rise, while the jobless rate will continue dropping, the latest prognosis shows. Compiled by Spectator staff ,19. Apr 2017, at 13:38

Illustrative stock photo

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