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Last refreshed: 08/06/2026 10:36 · 59 articles added
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Economy

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Economy

Slovakia Plans 2.8 Billion Euro Public-Private Partnership for Bridge Repairs

Slovakia has announced a major public-private partnership (PPP) project worth nearly 2.8 billion euros to repair and maintain the country's bridge infrastructure. The comprehensive 35-year project includes a five-year pre-construction and building phase, followed by 30 years of operation and maintenance of the bridges. The project represents one of Slovakia's largest infrastructure investments, addressing the deteriorating condition of bridges across the national road network. PPP arrangements allow private companies to finance, build, and operate public infrastructure projects in exchange for long-term payments from the government, spreading costs over decades rather than requiring immediate large capital expenditures.

TASR/Teraz
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Economy

Middle East Conflict Already Imposing Economic Costs as Inflation Accelerates

The ongoing conflict in the Middle East is beginning to generate economic consequences as inflationary pressures intensify, according to analysts from the Institute for Financial Policy (IFP). The situation has raised particular concerns about the fertilizer market, where disruptions could have significant impacts. The Middle East serves as one of the world's primary fertilizer producers, with these essential agricultural products often manufactured as byproducts during fossil fuel extraction. This dual dependency creates vulnerability for global food production chains, as any disruption to Middle Eastern energy operations could simultaneously affect both fuel and fertilizer supplies, potentially driving up costs for agricultural producers worldwide.

TASR/Teraz
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Economy

Slow Growth: Why Top Investors Do Nothing

Financial experts and historical data demonstrate that the most successful investors achieve wealth through patience rather than active trading, contradicting popular beliefs about quick profits. Research shows that attempting to get rich overnight, while appealing to many, goes against proven investment principles backed by scientific studies and market history. The approach of doing nothing - maintaining long-term positions rather than frequent buying and selling - has consistently outperformed more aggressive trading strategies among professional investors.

SME
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Economy

Slovak Banks Require Property Insurance for All Mortgage Loans

Slovak banks mandate property insurance as a standard requirement for all mortgage applicants purchasing apartments or houses. The insurance requirement, which may appear merely formal to first-time buyers, represents a crucial step in the mortgage approval process alongside selecting an appropriate lender. This practice protects both the bank's investment and the borrower's property against potential damage or loss throughout the loan term.

Aktuality
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Economy

Slovakia Increases Funding for Household Green Energy Program

Slovakia will allocate more than 28 million euros to support renewable energy use in households through its Green for Households program. The initiative aims to encourage the adoption of renewable energy sources by private homeowners. The program will feature simplified rules to make it easier for households to access funding for green energy installations and upgrades.

SME
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Economy

Slovakia raises over 4.4 billion euros from government bond sales in first quarter

The Slovak government raised more than 4.4 billion euros through the sale of state bonds during the first quarter of 2024. The state financing through bond auctions represents a key mechanism for Slovakia to fund its budget operations and manage public debt. The next government bond auction is scheduled for April 20, continuing the regular program of state debt issuance that helps finance government spending and refinance maturing obligations.

SME
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Economy

Second Slovak Financial Group Faces Problems After Arca, Had 25-Year Contracts with Cuban Government

Another Slovak financial group is experiencing difficulties following the collapse of the Arca investment group, marking the second major crisis in the sector within just a few years. The troubled company had established 25-year contracts with the Cuban government. Slovaks have invested billions of euros in corporate bonds issued by these financial groups, making the latest problems a significant concern for retail investors. The pattern of difficulties affecting multiple financial groups in quick succession highlights vulnerabilities in Slovakia's alternative investment sector, where ordinary citizens have poured substantial savings into what were marketed as stable investment products.

Aktuality
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Economy

Effort Toward Financial Independence Won't Steal Your Apartments

A Slovak commentary argues that societies responding to success by seeking flaws and blame rather than seeking inspiration are closing doors to their own future. The piece appears to address concerns about financial independence and property ownership, suggesting that criticism of success may be counterproductive to economic progress.

Dennik N
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Economy

Tax Advisors Report Undercover Detection of Fictitious Self-Employed Workers

Tax authorities are conducting covert operations to identify fictitious self-employed workers in Slovakia, according to tax advisors. The practice of establishing fake self-employment businesses has become a common solution for many families seeking to reduce their tax burden. These so-called "family limited liability companies" allow individuals to officially register as entrepreneurs while continuing to work as employees, enabling them to pay lower social contributions and taxes. Slovak tax authorities have intensified efforts to uncover these arrangements, which blur the line between legitimate self-employment and tax evasion, conducting investigations without prior notice to catch violators.

SME
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Economy

Slovakia Should Follow Poland's Economic Model Rather Than Hungary's, Analysis Shows

Economic analysts suggest Poland presents a more suitable economic development model for Slovakia compared to Hungary, according to a new assessment. The analysis comes amid ongoing discussions about Slovakia's economic strategy and regional partnerships within Central Europe. While both Poland and Hungary have pursued different paths since joining the European Union, Poland's approach appears more aligned with Slovakia's economic needs and potential. The recommendation reflects broader debates within Slovakia about which neighboring countries offer the best examples for sustainable economic growth and development strategies.

Dennik N
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Economy

Eastern Slovak Retail Chain Milk-Agro Reports First Loss, Closes Stores and Cuts Jobs

Milk-Agro, a retail chain that emerged as a notable commercial success story in eastern Slovakia, has fallen into its first recorded loss of more than 600,000 euros. The company, which had previously been seen as a regional business phenomenon, is now closing stores and laying off employees as it struggles with financial difficulties. The development marks a significant reversal for the retailer, which had built a strong presence in Slovakia's eastern regions. The company's troubles reflect broader challenges facing regional retail chains amid changing market conditions and competitive pressures in Slovakia's retail sector.

SME
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Economy

Penta Receives Key Environmental Approval for Major Bratislava Development Project

Penta Real Estate has received crucial environmental approval from Slovakia's Ministry of Environment for its Southbank development project, a new district planned for the Petržalka side of the Danube River in Bratislava. The ministry's positive environmental impact assessment declares the project environmentally acceptable, clearing a major regulatory hurdle for the large-scale development that will include both residential and office buildings. Penta, one of Slovakia's largest investment groups with significant real estate holdings across Central Europe, plans to begin construction of the new Bratislava district this year. The Southbank project represents one of the most significant urban development initiatives in the Slovak capital, potentially transforming the landscape along the Danube's southern bank in Petržalka, Bratislava's most populous district.

Dennik N
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Economy

Slovakia Records Lowest Housing Construction in a Decade Despite Government Claims

Slovakia completed the fewest residential units in a decade last year, contradicting Prime Minister Robert Fico's claims that his Smer party has been actively developing the country. Bratislava, the capital city where housing demand is highest, experienced the most dramatic decline in completed apartments. The poor construction figures persist despite recent mortgage rate reductions and a new building law designed to streamline the long-criticized approval process. The housing shortage comes at a time when Slovakia faces significant demand for residential units, particularly in urban areas where economic opportunities are concentrated.

Dennik N
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Economy

Property Values Drop as Slovak Government Plans Drilling for New Power Plant

Property values in a Slovak region have declined since Deputy Prime Minister Tomáš Taraba began discussing plans for a new power plant that would require state drilling on private land. The government's energy development plans are raising concerns among property owners about potential expropriation of their land, including private yards and residential areas. The situation highlights tensions between state infrastructure projects and private property rights, with landowners questioning whether the government's approach complies with European Union legislation on property protection. Taraba, who serves as deputy prime minister and leads the Slovak National Party in the current ruling coalition, has been promoting the power plant project as part of Slovakia's energy strategy.

Aktuality
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Economy

Slovakia's Budget Deficit Worsens by 29% in March Compared to Previous Year

Slovakia's state budget deficit deteriorated by 29% in March compared to the same period last year, according to the Finance Ministry. State budget revenues at the end of March were 0.9% lower than in the corresponding period of the previous year. The worsening fiscal position reflects ongoing challenges in Slovakia's public finances, as the government grapples with revenue shortfalls amid broader economic pressures. The deficit increase indicates that government spending continued to outpace income generation, putting additional strain on the country's fiscal stability.

TASR/Teraz
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Economy

Tesla Sales Surge Across European Markets in March

Tesla recorded significant sales growth across major European markets in March, marking a notable recovery for the electric vehicle manufacturer. The American company experienced particularly strong performance in Scandinavian markets, where sales increased substantially during the month. The surge represents a positive turnaround for Tesla in Europe, one of its key international regions, after facing various market challenges in recent periods.

SMETASR/Teraz
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Economy

State Railway Company to End Leases with Private General Practitioners for Reconstruction

Slovakia's state railway company DFN (Dopravný a servisný fond) will terminate rental agreements with private general practitioners' offices to proceed with reconstruction work. The company stated that tenants were informed about the situation well in advance, providing them with significant advance notice of the lease terminations. The move appears to be part of infrastructure modernization efforts affecting medical facilities currently housed in railway-owned properties.

TASR/Teraz
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Economy

Slovak Retail Chain COOP Jednota Launches New Design for Private Label Products

Slovak retail cooperative COOP Jednota has redesigned the packaging for its private label products under the "Tradičná kvalita" (Traditional Quality) brand. The new packaging design will be available to customers during Easter shopping season, marking a visual refresh for the chain's house brand products. COOP Jednota operates as one of Slovakia's major retail networks, serving customers across the country with its cooperative business model.

Aktuality
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Economy

COOP Jednota Redesigns Private Label Packaging for Easter Shopping Season

Slovakia's COOP Jednota retail cooperative has unveiled new packaging designs for its private label products under the "Tradičná kvalita" (Traditional Quality) brand. The redesigned products will be available in stores during the Easter shopping period, featuring updated colors and visual elements while maintaining the brand's focus on traditional quality.

Aktuality
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