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Economics

News on Slovakia's economy and employment

Automotive and engineering production are at a similar level

Other sectors are not faring very well.Compiled by Spectator staff, 12. Nov 2018, at 13:32

Jaguar Land Rover plant in Nitra

Slovakia’s middle class is the richest in the world

The number of Slovaks owning property is higher than anywhere else.Compiled by Spectator staff, 6. Nov 2018, at 13:53

IMF worsens Slovakia’s GDP growth prediction

The International Monetary Fund predicts a slight drop in the country’s economic growth for both 2018 and 2019.Compiled by Spectator staff, 9. Oct 2018, at 21:56

IMF building in Washington, DC.

Slovakia recorded negative trade balance in August 2018

Analyst: The real deficit has been smaller than originally expected, however.Compiled by Spectator staff, 9. Oct 2018, at 13:22

Illustrative stock photo

Slovakia’s GDP grew by 4.1 percent y/y in Q2 2018

Analysts see this increase as positive and exceeding expectations but expect growth to slow down.Compiled by Spectator staff, 14. Aug 2018, at 14:12

Jaguar Land Rover plant near Nitra

The share of people in material need drops

Most people relying on benefits for those in material need live in the south and east of Slovakia, while the fewest can be found in the capital.Compiled by Spectator staff, 24. Jul 2018, at 15:36

Illustrative stock photo

Analyst sees an end in unemployment rate decline

The decline was slowest in five years in May, with analyst suggesting that cyclical recovery is coming to an end.Compiled by Spectator staff, 20. Jun 2018, at 13:14

Illustrative stock photo

FAQ: Paper tax return for self-employed no longer accepted starting July

The self-employed need to prepare for the new, obligatory electronic communication with tax officials.Martina Raábová11. Jun 2018, at 21:48

Electronic tax administration, illustrative stock photo

Slovakia issues its first 50-year bond

The country’s first bond of this type was introduced on June 5, during this year’s first entry of Slovakia to the European capital markets.Compiled by Spectator staff, 6. Jun 2018, at 21:31

Presenting the 50-year state bond; L-R: ARDAL head Daniel Bytčánek and Finance Minister Peter Kažimír, June 6.

Slovaks’ debts increase the most in the EU

Central bank report finds that the debts of Slovaks increase the most in the European Union, planning measures to tackle the situation.Compiled by Spectator staff, 31. May 2018, at 13:31

Illustrative stock photo

OECD: Slovak economy will grow by 4 percent this year

This fast pace growth is expected to continue next year as well.Compiled by Spectator staff, 30. May 2018, at 23:20

Economic growth, illustrative stock photo

Over 12 percent of Slovaks threatened by poverty in 2017

The EU statistics evaluated the income and living conditions of member states, including Slovakia.Compiled by Spectator staff, 22. May 2018, at 22:43

Poverty, illustrative stock photo

Slovak unemployment rate hits new record

But the lowest unemployment rate since Slovakia became independent in 1989 has its downsides as well.Compiled by Spectator staff, 21. May 2018, at 13:52

Looking for a job

Households fuelled economic growth

Observers predict the economy will continue accelerating.Compiled by Spectator staff, 15. May 2018, at 22:03

Jaguar Land Rover plant near Nitra

Construction output increased in March, but industrial production declined

Analyst sees the strong basic effect behind the recent developments.Compiled by Spectator staff, 14. May 2018, at 14:30

Construction of the Višňové tunnel.

March trade balance was higher than predicted

Slovak foreign trade marked a surplus of €515 million in the third month of 2018; but the year-on-year comparison is not very optimistic, according to analyst.Compiled by Spectator staff, 9. May 2018, at 14:03

Alexander Wortberg, operations director of JLR Slovakia in front of the poster with the model Land Rover Discovery.

Unemployment drops in all regions

The labour minister would like to see the unemployment rate drop below 5 percent this year.Compiled by Spectator staff, 19. Apr 2018, at 13:30

Nearly 2,500 companies relocated from Slovakia

Most of them moved to neighbouring countries, consultancy company finds.Compiled by Spectator staff, 18. Apr 2018, at 13:45

Budgetary council estimates 61 percent of Slovak employees received bonuses

The timing of bonuses being paid differs between the private and public sectors.Compiled by Spectator staff, 10. Apr 2018, at 13:39

Illustrative stock photo

NBS: Slovakia's economic growth prediction worsens mildly

Compared to the previous forecast, there were only slight adjustments related to the lower prices of oil and food, and to stronger foreign demand.Compiled by Spectator staff, 28. Mar 2018, at 0:04

The construction site of Jaguar Land Rover near Nitra. Postponing the carmaker's produciton launch will impact the national economy.