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Last refreshed: 06/06/2026 10:36 · 51 articles added
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Economy

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Economy

Camera System for Gabčíkovo Dam Allegedly Overpriced by 370,000 Euros

A camera system installed at the Gabčíkovo hydroelectric dam was allegedly overpriced, with potential financial damage estimated at approximately 370,000 euros. The Gabčíkovo dam, located on the Danube River near the Hungarian border, is one of Slovakia's most important energy infrastructure facilities and a key component of the country's electrical grid. The allegations suggest procurement irregularities in the installation of the security monitoring system at the strategic facility.

SME
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Economy

Airbus Delays Aircraft Deliveries to Australian Airline Qantas

European aerospace manufacturer Airbus has postponed aircraft deliveries to Australian carrier Qantas due to ongoing supply chain disruptions. The delay affects the airline's fleet expansion plans as Airbus continues to struggle with supply chain issues that have impacted aircraft production schedules across the industry. The postponement represents the latest challenge for airlines seeking to rebuild their fleets following the COVID-19 pandemic's impact on aviation demand.

SME
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Economy

Major Financial Conference to Bring Together Capital Market Leaders in Pezinok

More than twenty prominent speakers will gather at the Capital Market 2026 conference on June 18, 2026, at Šimák Castle in Pezinok, a town near Bratislava. The event will bring together key figures who actively shape Slovakia's and Central Europe's financial markets rather than simply commenting on them. The conference organizers have highlighted these industry leaders as personalities whose perspectives will be particularly valuable to follow in the current year, suggesting the gathering will focus on influential decision-makers and market movers in the regional financial sector.

Aktuality
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Economy

Slovak Toothpaste Maker Launches Limited Edition Product with Travel Influencer Milan Bez Mapy

Slovak toothpaste manufacturer biela perla® has released a limited edition matcha-flavored toothpaste developed in collaboration with travel influencer Milan Bez Mapy. The special product is inspired by travel themes and aims to bring freshness to daily dental care routines. The collaboration represents a marketing partnership between the domestic oral care brand and one of Slovakia's popular travel content creators.

Aktuality
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Economy

Volvo Plant in Košice Starts Operations as Planned, Production Testing to Begin After Summer

The Volvo manufacturing facility in Košice has commenced operations according to its planned schedule. The Swedish automotive company's plant in Slovakia's second-largest city will begin testing production processes following the summer period. Košice, located in eastern Slovakia, has become an important industrial center, attracting major international manufacturers. The establishment of the Volvo plant represents a significant investment in the region's automotive sector, which forms a crucial part of Slovakia's economy alongside other major car manufacturers already operating in the country.

Dennik N
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Economy

Rising Energy Costs Drag Down European Economy as Slovakia Faces Additional Budget Consolidation Challenges

The European economy is struggling under the weight of expensive energy costs, according to recent economic forecasts. Slovakia faces a dual challenge as it grapples not only with the continent-wide energy price crisis but also with difficulties in implementing fiscal consolidation measures. The energy price surge has become a significant drag on economic growth across Europe, affecting both businesses and consumers. Slovakia's situation is further complicated by what economists describe as mismanaged budget consolidation efforts, creating additional headwinds for the country's economic recovery. The combination of external energy pressures and internal fiscal policy challenges highlights the complex economic environment facing Slovakia and its European neighbors.

SME
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Economy

Slovak Railways Loses Patience with Train Driver Safety Violations After Ten Red Light Incidents

Slovak state railway company ŽSR has expressed growing frustration with safety violations by train drivers, after recording ten incidents this year where drivers passed through red signals. The state-owned railway infrastructure operator made unusually direct comments about errors committed by drivers from ZSSK, Slovakia's other state railway company responsible for train operations. Previous safety measures introduced by the transport ministry appear to have failed to address the recurring problem of signal violations, which pose significant risks to railway safety.

Dennik N
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Economy

New Objections Filed in Tender for Slovak Railway Modernization Project

A tender for the modernization of the Vydrník-Markušovce railway section in eastern Slovakia faces new objections, further delaying the selection of a contractor. The railway upgrade project, which aims to improve infrastructure along this route, remains without a winner as the procurement process encounters additional challenges. The objections represent the latest setback in efforts to modernize Slovakia's aging rail infrastructure, with the tender process now extended as authorities must address the new complaints before proceeding with contractor selection.

Korzár
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Economy

International retail chain plans development on former stadium site in eastern Slovakia

An international retail chain is planning to develop a site where a former stadium has been deteriorating for years in eastern Slovakia. The construction project will also include the addition of a new roundabout intersection to improve traffic flow in the area. The development represents an effort to revitalize the abandoned stadium location that has been left unused and declining for an extended period.

Korzár
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Economy

Survey: Half of Slovaks Do Not Plan Major Investments This Year

Half of Slovak citizens do not plan to make any significant investments this year, according to a new survey. Among those who do intend to make larger purchases or investments, exactly half plan to finance them using their personal savings. The survey results suggest a cautious approach to spending among Slovak households, potentially reflecting broader economic uncertainty or concerns about financial stability.

TASR/Teraz
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Economy

Personal bankruptcies in Slovakia reach 574 in April, Bratislava region leads

Slovakia recorded 574 personal bankruptcies in April, with the Bratislava region accounting for the highest number at 99 cases. The data reflects ongoing financial pressures on Slovak households amid economic challenges. Personal bankruptcy allows individuals overwhelmed by debt to legally restructure their financial obligations through court proceedings, providing a pathway for debt relief while protecting certain essential assets. The concentration of bankruptcies in the Bratislava region, which includes the capital and surrounding areas, suggests that even Slovakia's most economically developed region is experiencing significant financial stress among residents.

Bratislavak
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Economy

Slovak Pensions Lower Than Czech Despite Better Wage Replacement Rate

A new economic analysis shows that Czech Republic retirees receive higher pension payments than their Slovak counterparts, despite Slovakia offering a better ratio between pensions and average wages. The study examined pension systems across both countries, finding differences in absolute pension amounts versus their relationship to local wage levels. According to the economist who conducted the analysis, Slovakia's third pillar private pension system proves beneficial almost exclusively when employers contribute to it, suggesting limited advantages for individual savers without employer support.

TASR/Teraz
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Economy

Tech Stock Growth May Face Challenges in Second Half of Year, Analysts Warn

Despite strong performance from technology companies during earnings season, analysts caution that investors should not become complacent as the second half of the year is expected to present greater challenges than the first. While tech stocks have shown significant growth, market conditions are anticipated to become more difficult in the coming months, suggesting the current upward trend may not continue indefinitely.

TASR/Teraz
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Economy

Middle East Blockade Threatens Global Economic Crisis, Slovak Analysis Warns

A Slovak economic analysis warns that ongoing disruptions in the Persian Gulf region are evolving from a distant conflict into a potential global economic crisis that could affect everyday life worldwide. The blockade has shut down refineries and stranded oil tankers, threatening not only fuel shortages at gas stations but also the possibility of rationing systems and severe recession. Economic experts describe the situation as "Epic Stupidity," criticizing global markets for failing to adequately respond to the mounting threat. The analysis suggests that what initially appeared to be a localized Middle Eastern conflict is now poised to deliver an "economic slap" to the entire planet as global supplies and time run short.

Aktuality
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Economy

First car bodies from Volvo's Slovak plant shipped to Sweden for testing

The first car bodies produced at Volvo's new manufacturing facility in Valaliky, eastern Slovakia, have been shipped to Sweden for testing. Construction of the plant is proceeding according to schedule, with full production expected to begin in 2027. The facility represents Volvo's major investment in Slovakia's automotive sector, which already serves as a manufacturing hub for several major car manufacturers including Volkswagen, Peugeot, and Kia.

Aktuality
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Economy

Online Retailers Grew Across Slovakia in 2023, Bratislava Region Leads Growth

The number of online retail businesses increased across Slovakia last year, with the Bratislava region recording the highest growth in new e-commerce companies. The Banská Bystrica region in central Slovakia saw the smallest increase, with fewer than 150 new online retailers established. The growth reflects the continued expansion of Slovakia's digital commerce sector, though regional disparities remain evident between the capital area and other parts of the country.

TASR/Teraz
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Economy

More than half of Slovaks plan no major investments this year

More than half of Slovak citizens do not plan to make any significant investments in 2024, according to recent survey data. For those who do intend to invest, personal savings will serve as the primary funding source. The findings suggest a cautious financial approach among Slovak households, reflecting broader economic uncertainty and potentially limited disposable income for major purchases or investments.

SME
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Economy

Beer Consumption Plummets in Slovakia as Generational Drinking Habits Shift

Beer consumption in Slovakia is experiencing a dramatic decline as drinking habits undergo fundamental changes across the population. According to industry executives, people are drinking less beer overall and increasingly purchasing it for home consumption rather than at bars and restaurants. The shift is particularly pronounced among younger generations, who have developed a completely different relationship with alcohol compared to previous generations. A commercial director in the beverage industry warned that a specific beer-related product could disappear entirely from store shelves within five years due to these changing consumption patterns. The industry official also cautioned hospitality businesses against excessive pricing in tourist areas, suggesting such practices could further accelerate the decline in beer consumption at commercial establishments.

Aktuality
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Economy

Opel Commercial Vehicle Specialists Express Confidence in Brand Quality

Commercial vehicle specialists selling Opel brand vehicles across Slovakia have expressed strong confidence in the quality and reputation of the manufacturer's utility vehicles. The specialists, who work in dealerships throughout the country, maintain that Opel's commercial vehicles live up to their positive market reputation and performance claims.

Aktuality
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Economy

Prešov Hospital Project Faces Half-Billion Euro Cost Overrun Without Funds for Completion

A major hospital construction project in Prešov is facing severe financial difficulties, with cost overruns reaching approximately half a billion euros and no available funding to complete the facility. The project, which was intended to modernize healthcare infrastructure in Slovakia's third-largest city, has become significantly more expensive than originally planned. Prešov, located in eastern Slovakia near the Polish border, serves as a regional healthcare hub for the surrounding area. The financial shortfall threatens to leave the partially constructed hospital unfinished, raising concerns about healthcare capacity in the region and the management of major public infrastructure projects in Slovakia.

SME
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