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Economics

News on Slovakia's economy and employment

Foreign trade grew at a surprising pace in November 2017

Lower imports only stressed foreign trade surplus for last November, causing a surprising result, macro-economic analyst opines. Compiled by Spectator staff ,9. Jan 2018, at 14:18

The automotive industry, illustartive stock photo

Slovak economy should sustain solid growth momentum in 2018

The challenges are ageing and the lack of a labour force.Zdenko Štefanides27. Dec 2017, at 8:00

Demand inflation and increase in prices affected inflation in November

Apart from food prices which continue accelerating inflation, demand inflation and price of fuel were added in November. Compiled by Spectator staff ,13. Dec 2017, at 13:45

Food prices influenced core inflation.

Registrations of newly self-employed in Slovakia reach record numbers

In the course of 2017, the number of new licenses for the self-employed grew by many thousands, mostly in the construction industry. Compiled by Spectator staff ,13. Dec 2017, at 6:53

The self-employed, illustrative stock photo

Analysts: Households and investments increased Slovak GDP

The economy is expected to continue growing. Compiled by Spectator staff ,6. Dec 2017, at 14:00

Illustrative stock photo

European institutions agreed to ban on unjustified geo-blocking

In some defined cases, merchants will and online shops will not be allowed to require consumers to pay with a debit or credit card issued in another country; this means discrimination by online shops based on a… Compiled by Spectator staff ,22. Nov 2017, at 1:09

Dušan Chrenek

2017 summer season beat last year by number of tourists

A total of 3.71 million guests were accommodated in Slovakia between January and August 2017. Compiled by Spectator staff ,22. Nov 2017, at 1:02

Illustrative stock photo

Economic growth slows

Growth is expected to continue in following quarters. Compiled by Spectator staff ,15. Nov 2017, at 0:22

Regulation should bring savings of billions of euros to retailers.

Number of foreigners working in Slovakia is on the rise

The nation most frequently represented on the Slovak labour market is Serbia. Compiled by Spectator staff ,8. Nov 2017, at 22:48

Economic gap between Slovakia and western Europe remains wide

Slovakia is still lagging behind in economic convergence towards the more advanced Europe, according to the analysis of the convergence of the Slovak economy compiled by the Slovak central bank, NBS. Compiled by Spectator staff ,1. Nov 2017, at 6:04

The NBS

Slovak Business Agency receives huge fine for overpriced conference

The Public Procurement Office imposes a €10,000 fine on the Slovak Business Agency (SBA). Compiled by Spectator staff ,31. Oct 2017, at 14:02

TechMatch 2015 conference

Firms continue to increase wages

Wages in 2017 increased by 3.9 percent; next year they should hike by 3.4 percent Compiled by Spectator staff ,26. Oct 2017, at 14:09

The economy should rise at nearly 4 percent

The central bank’s survey of analysts showed expectations of GDP at 3.3 percent for 2017. Compiled by Spectator staff ,26. Oct 2017, at 14:05

The automotive industry, illustartive stock photo

Eurostat increased Slovakia’s deficit due to the gas utility

Slovakia failed to achieve its deficit objective last year, the European Union’s statistic office informed in a notification, warning that the country’s failure is second worst, after Greece. Compiled by Spectator staff ,25. Oct 2017, at 14:00

Paying taxes, illustrative stock photo.

Unemployment rate declined, mainly thanks to cyclical economic revival

The Slovak unemployment rate in September continued to fall to new historic minimum levels, despite the traditional influx of secondary school leavers, according to an analyst. Compiled by Spectator staff ,23. Oct 2017, at 15:19

Illustrative stock photo

Slovaks currently save too little

The country is below the European average in savings but this could change for the better in the future. Compiled by Spectator staff ,17. Oct 2017, at 23:56

Slovakia saw surprising trade balance deficit in August

Slovakia’s foreign trade deficit in August was due to strong imports and the summer shutdowns of factories, according to analysts. Compiled by Spectator staff ,10. Oct 2017, at 14:21

Illustrative stock photo

Number of companies not paying income tax increases

Analysis shows that the number of companies not paying corporate income tax has increased. There are various reasons for this. Compiled by Spectator staff ,4. Oct 2017, at 22:35

Paying taxes, illustrative stock photo.

Minister Kažimír presents a new budget

According to the draft budget, the Slovak government is planning a deficit of 0.83 percent. Compiled by Spectator staff ,4. Oct 2017, at 13:38

Finance Minister Peter Kažimír

Slovakia worsened in economic freedom ranking

The Index of Economic Freedom shows that Slovakia has worsened, ranking at 53. Compiled by Spectator staff ,28. Sep 2017, at 15:23

Family business, illustrative stock photo.

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