News on Slovakia's economy and employment

Second pandemic wave has milder economic effect but lasts longer

Labour market remains stable, impact on household consumption should be minimal, according to the IFP analysts.Compiled by Spectator staff, 13. Jan 2021, at 17:38

Stricter lockdown rules were adopted in the second half of December.

Pursuing green thinking

Companies operating in Slovakia are taking on ever more green projects.Jana Liptáková, 11. Jan 2021, at 11:31


Coronavirus crisis reduced car production by an estimated 20 percent in Slovakia

ZAP proposes to use Recovery Fund money to build new alternative fuel charging stations.Compiled by Spectator staff, 30. Dec 2020, at 15:53

The autimotive industry is one of main pillars of the Slovak economy.

Business people gave the government a minus 4 grade for its operation in 2020

Business Alliance of Slovakia: the government has failed to manage the pandemic and thus does not have room for deep and systemic reforms.Compiled by Spectator staff, 28. Dec 2020, at 15:13

Economy Minister Richard Sulík

Restart of Slovak economy should be green

Slovakia wants to use billions of euros from the EU’s recovery plan on green economy.Jana Liptáková, 17. Dec 2020, at 8:25

A higher scope of recycling and the elimination of old, toxic environmental burdens are on Slovakia’s reform agenda.

Foreign trade breaks 10-year record

Machinery and transport equipment contributed to good numbers the most.Compiled by Spectator staff, 10. Dec 2020, at 11:51

National Bank of Slovakia

Parliament passed the law of the year. Public finances will remain in deficit for next three years

Experts say a plan to consolidate public finances during years to come is missing.Compiled by Spectator staff, 9. Dec 2020, at 16:08

Finance Minister Eduard Heger, left, and PM Igor Matovič after the parliament approved the state budget for 2021 and general government budget for 2021-2023.

Slovak economy predicted to fall by more than 6 percent

OECD December prognosis expects the economy to grow again next year.Compiled by Spectator staff, 1. Dec 2020, at 17:51

National Bank of Slovakia

The public finance deficit may reach 10 percent

The central bank warns of the highest annual difference between expectations and reality.Compiled by Spectator staff, 30. Nov 2020, at 17:41

The National Bank of Slovakia

Process innovations allow Slovak innovators to shine

Slovak-made innovations make their way to the world through transnational companies.Jana Liptáková, 19. Nov 2020, at 16:52

The CEIT’s automated guided vehicle in action at the Volkswagen Slovakia plant in Bratislava.

Uncertainties abound, yet recovery is likely forthcoming in 2021

The COVID-19 pandemic determines economic development of Slovakia.Zdenko Štefanides, Chief Economist at VÚB Banka18. Nov 2020, at 12:23

The COVID-19 pandemic as well as antipandemic measures affect the Slovak economy.

Passat returns to VW plant in Bratislava after 30 years

Moving production of the Volkswagen Passat and Škoda Superb to Bratislava will account for half of the planned €1 billion investment.Jana Liptáková, 16. Nov 2020, at 18:02

The very first VW Passat produced in the Bratislava VW plant in December 1991.

Consumer prices started growing again

More expensive vegetable, bread and non-alcoholic beverages pushed prices up.Compiled by Spectator staff, 12. Nov 2020, at 11:57

Illustrative stock photo

Slovak car-plane developers look to cash in on changing views of flying cars

AeroMobil and AirCar among a handful of firms working on special concept.Jana Liptáková, 2. Nov 2020, at 15:02

A fly test of the AirCar prototype.

Who are the biggest corporate taxpayers?

Companies with German capital contribute to state coffers the most.Jana Liptáková, 28. Oct 2020, at 12:33

Volkswagen Slovakia

Coronavirus postpones balanced budget in Slovakia

The Slovak cabinet adopted the general government budget for the next three years.Compiled by Spectator staff, 14. Oct 2020, at 17:43

Finance Minister Eduard Heger

Inflation hits three-year low

Food prices rose the least in the past few months.Compiled by Spectator staff, 14. Oct 2020, at 11:52

BUSINESS FOCUS: Coronavirus crisis accelerates new trends in the logistics real estate sector

Impacts of the COVID-19 pandemic, new tender for a highway toll system and the still incomplete cross-country highway are among the highlights of the latest Business Focus.Compiled by Spectator staff, 12. Oct 2020, at 11:20

Interior of the warehouse in P3 park in Bruck an der Leitha.

COVID-19 pandemic accelerating new trends in the logistics sector

Online retail sales require more logistics space than brick-and-mortar stores.Jana Liptáková, 8. Oct 2020, at 8:35

Industrial and logistics premises have also been erected outside the most popular region of western Slovakia, like this one near Košice.

Higher demand extends work time at USSK

The situation in the European steel market remains challenging.Jana Liptáková, 1. Oct 2020, at 18:17

Work hours are extended at the coated products division.