News on Slovakia's economy and employment

Gloomy scenario for the economy: a drop of more than 6 percent

The predictions are more optimistic for next year.Compiled by Spectator staff, 30. Mar 2020, at 22:38

Electronics industry

Which parties pay most attention to key economic challenges for Slovakia?

After employers and the INESS think tank, Slovak Economic Society (SES) delivered its evaluation of election programmes.Compiled by Spectator staff, 25. Feb 2020, at 13:44

Michal Truban and Miroslav Beblavý of PS/Spolu

Economic growth prevents higher unemployment figures

Unemployment went up slightly in January, stopping at 4.98 percent.Compiled by Spectator staff, 20. Feb 2020, at 23:58

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Slovak economy sped up at the end of 2019

But the prediction for 2020 remains gloomy.Compiled by Spectator staff, 17. Feb 2020, at 12:54

Slovak industry keeps dropping

The industrial production decreased for the fifth consecutive month.Compiled by Spectator staff, 12. Feb 2020, at 14:00

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Slovakia reported the highest inflation since 2012

Consumer prices dropped due to the reduction in fuel and food prices.Compiled by Spectator staff, 14. Jan 2020, at 21:57

Slovakia's 2019 total inflation rate reached 2.7 percent.

Inflation grew in November due to foodstuffs and fuels

Analyst expects the rate to gradually slow down next year.Compiled by Spectator staff, 16. Dec 2019, at 14:03

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Jobless rate dropped below 5 percent again

Analysts do not expect it to rise significantly due to economic slowdown.Compiled by Spectator staff, 21. Nov 2019, at 14:06

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Slovak economy keeps decelerating

It is already the second negative surprise this year, analysts say.Compiled by Spectator staff, 14. Nov 2019, at 14:10

The Slovak Automotive Industry Association (ZAP) and carmakers in Slovakia are not happy about the government's lack of care when it comes to the implementation of government measures, which are supposed to help the car industry in Slovakia

The European Commission is sceptical of Slovakia's budget

It forecasts Slovakia’s economic expansion to give way to slower growth.Compiled by Spectator staff, 11. Nov 2019, at 13:34

The government meets in Bratislava on October 2, 2019

Unemployment rate increased slightly

Labour Minister Ján Richter would not call the current state a crisis yet.Compiled by Spectator staff, 21. Oct 2019, at 12:34

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Average wage growth breaks records, due to a lack of labour and salary valorisation

Observers predict the average wage will continue increasing.Compiled by Spectator staff, 9. Sep 2019, at 13:26

There are still candidates who would be interested in working in some positions if they got more attractive rewards and benefits.

A weakening demand from abroad negatively impacts exports

An analyst, however, expects the situation to improve later this year.Compiled by Spectator staff, 8. Aug 2019, at 13:18

Jaguar Land Rover plant in Nitra

Foreign trade back in surplus, but disappointing again

The new production capacities in automotive industry are expected to reverse this trend soon, analyst predicts.Compiled by Spectator staff, 11. Jul 2019, at 13:21

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Prices of meat and accommodation drove May inflation

On the other hand, fuel prices had a negative impact on annual inflation.Compiled by Spectator staff, 17. Jun 2019, at 14:29

Meat, illustrative stock photo

Carmakers drove industrial growth in April

Textile and clothing industry in the red for a long timeCompiled by Spectator staff, 10. Jun 2019, at 22:27

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Inflation dropped, also due to cheaper plane tickets

Observer expects inflation to oscillate around 2.5 percent in the following months.Compiled by Spectator staff, 16. May 2019, at 14:12

Economic growth in the beginning of the year surprised

However, analysts expect Slovakia's economic growth to slow down this year.Compiled by Spectator staff, 16. May 2019, at 4:40

Businesses in Slovakia go on to be dissatisfied with the business environment in the country.

Eurostat: Slovakia's government debt and deficit decreased in 2018

However, the Eurostat criticised the quality of data reported by Slovakia and will look into the issue.Compiled by Spectator staff, 24. Apr 2019, at 23:14

The unemployment rate in March was the lowest in Slovakia's history

Unemployment dropped below 4 percent in 36 Slovak districts.Compiled by Spectator staff, 24. Apr 2019, at 14:07

EU funds could help to reduce unemployment