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Economics

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

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EKS saves more than €194 million overall

The Electronic Contracting System is proven to save money - by €194 million so far. Compiled by Spectator staff ,13. Apr 2017, at 15:06

ÚVO central registry, illustrative stock photo

Average wages increased in February, mostly in the gastronomic industries

In February, nominal wages increased year-on-year in most branches of business and industry, with the biggest difference in restaurants and pubs. There were some exceptions, though. Compiled by Spectator staff ,12. Apr 2017, at 23:41

Gastronomy, illustrative stock photo

Construction sector output keeps falling

But growth may continue later this year. Compiled by Spectator staff ,12. Apr 2017, at 22:38

State inspectors found thousands of illegal workers last year

Labour inspectors and controllers of labour offices uncovered a total of 2,924 illegally employed people last year. Compiled by Spectator staff ,30. Mar 2017, at 13:33

Construction firms are among the worst offenders.

Central bank: Economy to rise by 3.2 percent

The automotive industry should contribute to the economy’s growth. Compiled by Spectator staff ,28. Mar 2017, at 22:21

Kia Motors Slovakia in Teplička nad Váhom.

Unemployment rate keeps decreasing

Developments for improving rates even more are planned, says minister. Compiled by Spectator staff ,20. Mar 2017, at 14:00

Labour Minister Ján Richter

Firms will get grades for reliability starting 2018

The Financial Administration (FS) has been preparing a chart grading the reliability of Slovak companies that will help them fine-tune rules. Compiled by Spectator staff ,16. Mar 2017, at 13:57

František Imrecze, head of the Financial Administration

Government approves longer list of bank holidays

In an attempt to drive shopaholics out of the shops and to offer more days off to shop assistants, the government approved an extension to the list of public holidays on which the doors of shops and supermarkets… Compiled by Spectator staff ,16. Mar 2017, at 13:50

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Employment in Slovakia increases compared to eurozone average

The number of people employed in the eurozone in the last quarter of 2016 compared to the previous quarter increased by 0.3 percent, but Slovakia fared even better in this period of time. Compiled by Spectator staff ,15. Mar 2017, at 22:47

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Industrial production drawn by energy supplies and mining

The production of industrial firms in Slovakia increased significantly, similarly to the sentiment in the whole sector. Compiled by Spectator staff ,14. Mar 2017, at 22:12

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Inflation exceeded expectations

The rise in consumer prices in February was impacted by transport and food. Compiled by Spectator staff ,14. Mar 2017, at 13:26

Slovaks buy more home-grown food.

Foreign trade in surplus again

Both imports and exports rose in January, statistics show. Compiled by Spectator staff ,13. Mar 2017, at 14:03

The automotive industry is currently among the leaders in technology.

Stats Office: Total employment up 2.8 percent y-o-y

The growth of the national economy last year contributed to the growth in employment in Slovakia. Compiled by Spectator staff ,8. Mar 2017, at 13:44

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Average wage stood at €912 last year

The highest salaries are in the ICT sector, the lowest in services. Compiled by Spectator staff ,7. Mar 2017, at 22:28

Žiga: We can cooperate with Iran in peaceful use of nuclear energy

Slovakia and Iran could cooperate in the peaceful use of nuclear energy, Slovak's visit to the latter country shows. Compiled by Spectator staff ,7. Mar 2017, at 14:04

Slovak Economy MInister Peter Žiga

Slovak economy grew at 3-percent pace in Q4 2016

The pace of growth of the Slovak economy slowed down by the end of 2016, the Slovak Statistics Office (ŠÚ) found in its recent report. Compiled by Spectator staff ,7. Mar 2017, at 13:51

Household consumption, illustrative stock photo

New levy to raise insurance premiums

Rates may rise only marginally for some types of insurance, but others could increase by 15 percent or more, experts say. Peter Adamovsky ,7. Mar 2017, at 6:30

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