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Economics

Economy boosted by demand

GDP grew slightly less than in 2015, mostly due to lower use of EU funds. Radka Minarechová ,15. Feb 2017, at 16:03

Household consumption improved.

Inflation continues rising

Consumer prices were impacted by food and fuels, but also by changes to regulated energies. Compiled by Spectator staff ,15. Feb 2017, at 13:43

EC downgrades its growth prediction

The change is caused mostly by falling investments. Compiled by Spectator staff ,13. Feb 2017, at 22:50

The construction site

Industrial output up in December

Slovakia’s industrial output went up in December 2016, statistics show, with the energy sector and automotive industry strengthening output, while some other branches weakened it. Compiled by Spectator staff ,13. Feb 2017, at 14:02

Fitch believes in the power of Slovak economy

Slovakia seems to have a good rating, with a stable outlook and several criteria in its favour, the international rating agency found recently. Compiled by Spectator staff ,13. Feb 2017, at 13:52

Illustrative stock photo

Foreign trade recorded negative balance in December

Statistics were impacted mostly by weaker production and Christmas sales. Compiled by Spectator staff ,8. Feb 2017, at 13:54

Illustrative stock photo

FinMin downgrades growth forecast for this year

But in following years, the economy should accelerate, mostly thanks to car production, state analysts say. Compiled by Spectator staff ,7. Feb 2017, at 13:32

The automotive industry is the driving force of the industrial production in Slovakia.

IMF: Slovak growth stable; aging population a risk

After a mission in Slovakia, an international committee concludes that economic growth is stable but adds that the country faces several risks, caused by the international as well as domestic situation. Compiled by Spectator staff ,2. Feb 2017, at 13:41

Intensified drawing of EU funds fuels growth of Slovakia's economy.

NBS predicts an accelerating rise in employment

In an updated prognosis, the central bank expects no changes for GDP growth, but improves the forecast for labour market. Compiled by Spectator staff ,1. Feb 2017, at 6:19

MPs discussedhowto tackle unemployment.

Rating agency forecasts reducing the debt for Slovakia

The rating agency expects economic growth for Slovakia in the next three years – at the level of about three percent annually. Compiled by Spectator staff ,30. Jan 2017, at 14:05

The British Jaguar Land Rover (JLR) company, is coming to Nitra.

U.S. Steel seems to be departing

What many have already anticipated for several months is becoming reality, the Slovak media writes. Compiled by Spectator staff ,26. Jan 2017, at 14:11

KPMG: Slovakia is 44th in performance

Slovakia declined four places against last year in the Variables for Sustainable Growth Index 2016. Compiled by Spectator staff ,26. Jan 2017, at 14:02

Car production is important puller of Slovak economy, illustrative stock photo

Trump is luring U.S. Steel from Košice back to the States

Rumours have circulated for some time that the Košice plant of the U.S. Steel corporation could change owners. Now, the initiative of new US President, Donald Trump, makes these rumours even more acute. Compiled by Spectator staff ,23. Jan 2017, at 14:05

U.S. Steel in Košice

€10 mil stimulus for six firms, approved by cabinet

The Economy Ministry proposed six manufacturing companies for state investment aid. Compiled by Spectator staff ,19. Jan 2017, at 13:38

L-R: Deputy Prime Minister for Investments and Informatisation Peter Pellegrini, Prime Minister Robert Fico and Interior Minister Robert Kaliňák at January 18 cabinet session.

Economy expected to grow by 3.2 percent

Commercial bank analysts increase their prediction 0.1 percent compared to the November prognosis. Compiled by Spectator staff ,17. Jan 2017, at 23:34

Prices in Slovakia grow again, after three years

Consumer prices in Slovakia have recorded a year-on-year growth again, after three years. Though they have increased only modestly now, the last time they showed an annualised growth was in December 2013. Compiled by Spectator staff ,16. Jan 2017, at 13:36

Industrial production grew in November, construction output continued falling

The Slovak industrial production grew further in November, despite missing growth in the automotive industry; while the construction sector grew as well, it keeps falling year-on-year, according to an analyst. Compiled by Spectator staff ,12. Jan 2017, at 13:19

Illustrative stock photo

Second pension pillar made nice profits ultimately

The earnings of clients of the second, private pension pillar seemed to be endangered last year; but the final balance of 2016 was mostly positive. Compiled by Spectator staff ,9. Jan 2017, at 13:34

A booklet promoting the second pension pillar, illustrative stock photo.

Deflation slowed down in November

Consumer prices may rise again in early 2017. Compiled by Spectator staff ,15. Dec 2016, at 14:14

Illustrative stock photo

NBS downgrades the growth prediction

The prognosis is impacted by the drop in investments, the central bank says. Compiled by Spectator staff ,13. Dec 2016, at 22:48

The National Bank of Slovakia

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