News on Slovakia's economy and employment

Carmakers propelled Slovakia’s industry in June

Industrial production continues to recover.Compiled by Spectator staff, 11. Aug 2020, at 11:11

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

Slovakia’s export has recovered from the corona crisis’ decline

Car exports pushed the trade balance to a record-high surplus throughout June.Compiled by Spectator staff, 10. Aug 2020, at 11:23

Exports of machinery and transport equipment, including cars, make up two thirds of Slovakia's June Exports.

Slovak economy is accelerating. Third quarter may bring a slight increase

The Council for Budget Responsibility has offered revised economic predictions in its July prognosis.Compiled by Spectator staff, 3. Aug 2020, at 16:46

Illustrative stock photo

Slovakia's economic outlook changed from stable to negative

The change reflects the current economic situation in the country, the Finance Ministry commented.Compiled by Spectator staff, 27. Jul 2020, at 11:31

Finance Minister Eduar Heger (OĽaNO)

Fewer foreigners working in Slovakia

Most foreign workers come from Ukraine.Compiled by Spectator staff, 23. Jul 2020, at 11:43

Jobless rate continues growing the sixth month in row

Labour offices report a slight increase in vacancies.Compiled by Spectator staff, 20. Jul 2020, at 17:43

The jobless rate in Vranov nad Topľou has reached record levels.

Drop in foreign trade moderated, but remains high

A slight improvement may come in the following months, impacted by the lifting of coronavirus measures.Compiled by Spectator staff, 9. Jul 2020, at 17:30

The auto industry has helped keep Slovakia afloat.

Brussels has high hopes for Slovak economy despite sharp downturn

The EC has published its summer 2020 economic forecast.Compiled by Spectator staff, 7. Jul 2020, at 17:35

PSA workers in Trnava assemble cars June 5, 2020

Experts warn of deeper recession if COVID-19 cases spike

Slovak economy is projected to fall by nearly 10 percent in 2020.Compiled by Spectator staff, 23. Jun 2020, at 21:43

Finance Minister Eduard Heger and his colleagues of the Institute for Financial Policy present Slovakia's latest macroeconomic forest on June 23, 2020.

Slovakia’s economy expected to drop by more than 9 percent

Although May indicators imply a slight improvement, negative risks endure, NBS analyst said.Compiled by Spectator staff, 18. Jun 2020, at 23:14

NBS building in Bratislava

Annual inflation rate increase is the slowest since late 2018

While transport prices dropped in the annual comparison, food prices increased slightly.Compiled by Spectator staff, 15. Jun 2020, at 13:02

Illustrative stock photo

Coronavirus affected also industrial production. It hit the historical bottom

Suspended manufacture of cars had the highest impact.Compiled by Spectator staff, 11. Jun 2020, at 13:07

Car parts awaiting assembly at the Kia Motors plant in Žilina, central Slovakia.

Kažimír: Slovak economy is in free fall

Slovak economy contracted by 5.2 percent q/q during the first quarter of 2020.Compiled by Spectator staff, 10. Jun 2020, at 21:28

National Bank of Slovakia's governor Peter Kažimír

Slovakia experienced record drop in export and import in April

The measures and consequences of the pandemic gained full force in April, not only in Slovakia, but also for Slovakia’s most important trade partners, an analyst said.Compiled by Spectator staff, 9. Jun 2020, at 13:22

Illustrative stock photo

The European Commission wants to see more medical workers in Slovakia

The EC has issued recommendations for Slovakia to overcome the crisis.Compiled by Spectator staff, 27. May 2020, at 23:13

L. Pasteur University Hospital in Košice

Increase in unemployment rate is worse than during financial crisis

Observers predict the number of jobless to keep increasing in coming months.Compiled by Spectator staff, 21. May 2020, at 13:22

Illustrative stock photo

Inflation drops to lowest level since late 2018

A greater fall was prevented by the higher price of fruit and vegetables.Compiled by Spectator staff, 14. May 2020, at 23:57

Fruit and vegetable prices went up the most in January 2019.

The coronavirus pandemic has cut industrial production

It has reached the lowest level since May 2009.Compiled by Spectator staff, 11. May 2020, at 22:09

Production of cars in Volkswagen Slovakia.

Fitch downgraded Slovakia’s rating

The finance minister considers the decision a raised finger.Compiled by Spectator staff, 11. May 2020, at 13:35

Finance Minister Eduar Heger (OĽaNO)