News on Slovakia's economy and employment

Unemployment rate increased slightly

Labour Minister Ján Richter would not call the current state a crisis yet.Compiled by Spectator staff, 21. Oct 2019, at 12:34

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Average wage growth breaks records, due to a lack of labour and salary valorisation

Observers predict the average wage will continue increasing.Compiled by Spectator staff, 9. Sep 2019, at 13:26

There are still candidates who would be interested in working in some positions if they got more attractive rewards and benefits.

A weakening demand from abroad negatively impacts exports

An analyst, however, expects the situation to improve later this year.Compiled by Spectator staff, 8. Aug 2019, at 13:18

Jaguar Land Rover plant in Nitra

Foreign trade back in surplus, but disappointing again

The new production capacities in automotive industry are expected to reverse this trend soon, analyst predicts.Compiled by Spectator staff, 11. Jul 2019, at 13:21

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Prices of meat and accommodation drove May inflation

On the other hand, fuel prices had a negative impact on annual inflation.Compiled by Spectator staff, 17. Jun 2019, at 14:29

Meat, illustrative stock photo

Carmakers drove industrial growth in April

Textile and clothing industry in the red for a long timeCompiled by Spectator staff, 10. Jun 2019, at 22:27

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Inflation dropped, also due to cheaper plane tickets

Observer expects inflation to oscillate around 2.5 percent in the following months.Compiled by Spectator staff, 16. May 2019, at 14:12

Economic growth in the beginning of the year surprised

However, analysts expect Slovakia's economic growth to slow down this year.Compiled by Spectator staff, 16. May 2019, at 4:40

Businesses in Slovakia go on to be dissatisfied with the business environment in the country.

Eurostat: Slovakia's government debt and deficit decreased in 2018

However, the Eurostat criticised the quality of data reported by Slovakia and will look into the issue.Compiled by Spectator staff, 24. Apr 2019, at 23:14

The unemployment rate in March was the lowest in Slovakia's history

Unemployment dropped below 4 percent in 36 Slovak districts.Compiled by Spectator staff, 24. Apr 2019, at 14:07

EU funds could help to reduce unemployment

Problems in car industry and Brexit will impact Slovakia's economic growth

The central bank expects the economy to slow down in the following years, too.Compiled by Spectator staff, 26. Mar 2019, at 22:58

Businesses in Slovakia go on to be dissatisfied with the business environment in the country.

Price of goods increased more slowly than expected

Vegetables are more expensive and fruit is cheaper in comparison with last year.Compiled by Spectator staff, 14. Mar 2019, at 23:08

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Carmakers were the most significant producers in January

If it were not for the automotive sector, Slovak industrial production would fall says analyst.Compiled by Spectator staff, 12. Mar 2019, at 0:42

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EC: Slovakia lags in several fields

EC critical of regional differences, quality of public institutions, education, science and research.Compiled by Spectator staff, 28. Feb 2019, at 13:52


After months of decrease, the unemployment rate rose in January

However, labour offices reported a record-high number of jobs available at the start of 2019.Compiled by Spectator staff, 20. Feb 2019, at 22:27

The long-term unemployed are finding it difficult to find work.

INESS: The new levy on retailers costs households €50 million

People are expected to pay more for food in March.Compiled by Spectator staff, 20. Feb 2019, at 13:54

Economic growth was disappointing at the end of the year

Statistics Office estimates that Slovakia’s GDP grew by 3.6 percent in the final quarter of 2018.Compiled by Spectator staff, 14. Feb 2019, at 23:44

Jaguar Land Rover plant in Nitra

Jaguar Land Rover helped Slovakia's industrial production grow

But the industrial sectors are expected to slow down in the following months, except for the car industry.Compiled by Spectator staff, 12. Feb 2019, at 13:22

New plant of Jaguar Land Rover in Nitra

FinMin analysis: Slovakia is behind its cyclic growth peak

The ministry has revised its growth prognosis downwards, pointing mostly to development abroad.Compiled by Spectator staff, 5. Feb 2019, at 14:05

Finance Minister Peter Kažimír

Over 1,000 company and institutional contacts

Obtain a database of important contact details in Slovakia.Compiled by Spectator staff, 5. Feb 2019, at 10:23