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Economics

News on Slovakia's economy and employment

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

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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

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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

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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.

Unemployment rate reaches historical minimum in Slovakia

The unemployment rate, which stands at 5.72 percent, is the lowest it has been since the modern Slovak Republic came into existence.Compiled by Spectator staff, 20. Mar 2018, at 22:58

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Inflation in Slovakia slowed down in February

This was caused by the correction of food prices, according to analyst.Compiled by Spectator staff, 14. Mar 2018, at 13:44

Vegetables, illustrative stock photo

Unemployment rate hits new low

The unemployment rate in Slovakia has been declining since summer 2016 while the number of economically active people has grown.Compiled by Spectator staff, 20. Feb 2018, at 22:48

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Slovakia’s construction sector drops the most in the EU

However, in the following months, construction in Slovakia should benefit from new projects like the Bratislava ring road project.Compiled by Spectator staff, 20. Feb 2018, at 21:18

Inspections show Svrčinovec-Skalité D3 stretch will be delayed by six months.

State will collect more on taxes

The Finance Ministry’s analytical body improved its forecast due to current tax and levy revenues as well as a new macroeconomic prognosis.Compiled by Spectator staff, 15. Feb 2018, at 12:44

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Slovak economy slightly accelerated by end of 2017

The flash estimate of the GDP by the Slovak Statistics Office shows it increased mildly compared y-o-y, as well as against the previous quarter. Economic growth was slightly higher than foreseen by commercial bank…Compiled by Spectator staff, 14. Feb 2018, at 13:47

Slovakia is already home to three carmakers while the fourth one is building a new plant.