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Last refreshed: 08/06/2026 15:40 · 65 articles added
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Economy

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Economy

Slovakia launches largest battery storage facility in Považská Bystrica

Slovakia has activated its largest battery energy storage system in the western city of Považská Bystrica. The facility will primarily provide grid stabilization services for the country's electricity system while also enabling short-term electricity trading on energy markets. The storage system represents a significant step in Slovakia's energy infrastructure modernization as the country works to integrate more renewable energy sources and improve grid reliability.

TASR/Teraz
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Economy

Wia Slovakia to Take Over Former Ecco Slovakia Industrial Site

The former Ecco Slovakia manufacturing facility has been acquired by Wia Slovakia, which plans to resume production operations at the site within the coming months. The new investor aims to continue the location's long-standing industrial tradition by restarting manufacturing activities at the facility.

TASR/Teraz
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Economy

Major Chinese automotive supplier to invest millions in Sereď plant, creating dozens of jobs

A major Chinese supplier to the automotive industry will invest millions of euros in expanding operations in Sereď, western Slovakia, creating dozens of new jobs. The company produces plastic components for the automotive sector. The investment represents another significant expansion by Chinese manufacturers in Slovakia's automotive industry, which has become a major production hub for global carmakers including Volkswagen, Kia, Jaguar Land Rover, and Stellantis, who operate assembly plants in the country.

SME
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Economy

Fuel Prices Set to Rise in Slovakia as Middle East Tensions Drive Oil Costs Higher

Slovak drivers face another round of fuel price increases next week, with gasoline and diesel expected to rise by 2 to 5 cents per liter. An analyst attributed the anticipated price hike to geopolitical tensions and ongoing conflict in the Middle East, which are driving crude oil prices sharply higher. The increase represents the latest in a series of fuel price fluctuations affecting Slovak consumers at gas stations across the country.

Aktuality
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Economy

Oil Prices Rise Above Average in 12th Week of Year

Oil prices experienced an above-average increase during the 12th week of the year, according to market data. The rise in oil costs contrasted with more modest price movements for gasoline, which saw increases of only tenths of a cent per liter. The development reflects ongoing volatility in energy markets that directly affects fuel costs for Slovak consumers.

SME
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Economy

Diesel Prices Hit Two-Year High in Slovakia as Fuel Costs Surge

Diesel fuel prices at Slovak gas stations have reached their highest levels in two years, marking the sharpest increase in recent months. The price surge represents the most significant diesel price jump Slovakia has experienced in the past 24 months. While gasoline prices have also risen, the increases have been more modest compared to diesel, though they still represent the highest gasoline prices since November. The fuel price increases affect Slovakia's consumers and businesses, with diesel being particularly important for commercial transport and logistics sectors that rely heavily on freight movement throughout the country.

Aktuality
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Economy

Slovak Industrial Producer Prices Fall 0.4 Percent Year-on-Year in February

Industrial producer prices in Slovakia declined by 0.4 percent in February compared to the same month last year, according to official statistics. The price decrease was observed in six out of 16 monitored industrial sectors, indicating mixed performance across Slovakia's manufacturing base. Industrial producer prices serve as a key economic indicator measuring the cost of goods at the factory level before they reach consumers, and are closely watched for signs of inflationary or deflationary pressures in the economy.

SME
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Economy

Gold Prices Rise on Dollar Weakness, but Weekly Decline Continues

Gold prices increased as the US dollar weakened, providing support for the precious metal. Despite the daily gains, gold remains on track for a weekly decline, marking the fourth consecutive week of losses. The strengthening dollar had been pressuring gold prices in recent weeks, as a stronger US currency typically makes dollar-denominated commodities like gold more expensive for holders of other currencies.

SME
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Economy

GymBeam founder says Austria welcomed company while Slovakia still bears traces of socialism

Dalibor Cicman, founder of fitness supplement company GymBeam, explained why Slovakia remains too risky for global investors and how Vienna's business environment dramatically outpaces Slovak conditions. Cicman stated that Austria welcomed his company with open arms, while Slovakia continues to carry remnants of its socialist past that deter international investment. The entrepreneur highlighted the stark differences between the two neighboring countries' approaches to business development and investor relations.

Aktuality
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Economy

Slovak Company Received Millions in State Subsidies but Employs Only Six People, Seeks Debt Relief

A Slovak company called HLogistic received state subsidies totaling millions of euros on three separate occasions but currently employs only six people. The company failed to utilize one of the subsidies it received and is now seeking to have its debts written off. The case highlights concerns about the effectiveness of Slovakia's subsidy system, where companies can receive substantial public funding without demonstrating proportional employment or economic impact. The situation raises questions about oversight mechanisms for state aid distribution and whether adequate controls exist to ensure subsidies achieve their intended economic development goals.

SME
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Economy

Slovak Financial Group Proxenta Unable to Pay Bond Investors, Requests Payment Delays

Proxenta, a Slovak financial group, has informed investors that it lacks the resources to meet its bond payment obligations and is requesting delays on scheduled payouts. The company, which had promised returns of eight percent on its bonds, told investors that it does not have the money and cited difficult economic times as the reason for its financial difficulties. The situation leaves bondholders facing potential losses on their investments in what appears to be a significant financial distress for the firm.

SME
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Economy

Trade Wars, Government Austerity, and Middle East Conflict to Slow Slovak Economic Growth

Slovakia's economic growth will be significantly hampered by deteriorating foreign trade conditions, government fiscal consolidation measures, and the ongoing conflict in Iran, according to updated economic forecasts. The combination of global trade tensions, domestic austerity policies implemented by Prime Minister Robert Fico's government, and Middle Eastern instability has forced Slovak bank analysts to revise their previously optimistic projections for the economy. Just a year ago, economists predicted solid growth and declining inflation for Slovakia, but these new factors have dramatically altered expectations. If energy prices on international markets fail to decrease, real wage growth will remain limited, dampening consumer spending power and overall economic momentum.

Dennik N
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Economy

Million-Euro Digitalization Project for Companies Transitions to Fee-Based Model After Subsidies End

A multi-million euro project that helped Slovak companies with digitalization is transitioning to a fee-based service model after the end of its subsidy period. The initiative, which previously provided support to businesses free of charge through government funding, will now operate as a commercial venture requiring companies to pay for digitalization services. The transition marks the completion of the project's publicly-funded phase and its shift toward financial sustainability without state subsidies.

Korzár
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Economy

Slovakia Plans New Hospital Debt Relief as Minister Appeals to European Commission

Health Minister Kamil Šaško is preparing another wave of debt relief for Slovakia's hospitals, according to a letter to the European Commission obtained by Denník N. The state initiative aims to address the billion-euro debt burden facing the country's healthcare system. However, hospitals will also be required to implement cost-saving measures as part of the plan. The ministry intends to conduct audits in five major hospitals to identify specific areas where spending cuts can be achieved, combining debt forgiveness with efficiency improvements in the healthcare sector.

Dennik N
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Economy

Mortgage Rates Rise in Slovakia as Middle East Conflict Affects Global Markets

Mortgage interest rates are increasing in Slovakia, with further declines no longer expected in the near term, as global economic uncertainty linked to Middle East conflicts affects financial markets worldwide. The ongoing war and potential closure of the Strait of Hormuz, a critical global shipping route, is creating ripple effects that reach Slovak borrowers seeking home loans or facing interest rate refixing on existing mortgages. The interconnected nature of global trade means that geopolitical tensions in distant regions can directly impact domestic lending conditions, as financial institutions adjust their risk assessments and pricing models in response to international instability. Slovak homebuyers and homeowners with variable-rate mortgages are now confronting higher borrowing costs, reflecting the broader trend of tightening credit conditions as markets react to potential supply chain disruptions and energy price volatility stemming from Middle Eastern conflicts.

Dennik N
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Economy

European Investment Bank Group Increases Slovakia Financing by 60 Percent

The European Investment Bank Group increased its financing to Slovakia by 60 percent last year, according to official data. The EIB Group serves as the financial arm of the European Union and is owned by all 27 member states, making it one of the world's largest multilateral development banks. The significant increase in funding reflects expanded investment activity in Slovakia, though specific project details and total amounts were not disclosed.

TASR/Teraz
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Economy

Slovakia Faces Triple Problem from Dual Fuel Pricing System

Slovakia is grappling with a complex fuel pricing crisis that has created multiple challenges for the country's economy and consumers. The situation involves a dual pricing system for diesel fuel that has emerged as a significant policy problem. Prime Minister Robert Fico, leader of the ruling social-democratic Smer-SD party, appears to be responding to the crisis with improvised measures rather than a comprehensive strategy. The fuel pricing issues are expected to result in financial costs that will ultimately be borne by Slovak taxpayers and consumers, highlighting the broader economic implications of the government's approach to energy policy during a period of regional instability.

SME
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Economy

Slovakia's antitrust office warns against artificial fuel price controls

Slovakia's Antimonopoly Office has warned that artificially maintaining low fuel prices produces negative consequences, citing the experience of neighboring Hungary as an example. The office, which oversees market competition and consumer protection in Slovakia, issued the statement amid ongoing discussions about fuel pricing policies in the region. Hungary has implemented various fuel price control measures in recent years, including price caps on gasoline and diesel, which have led to supply shortages and market distortions that ultimately harmed consumers.

SME
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Economy

Slovakia Tests Free Online Tax Return Filing System

Slovakia has implemented a new online system that allows taxpayers to file their annual tax returns through a web-based platform at no cost. Testing of the digital service showed that completing a tax return takes approximately 15 minutes using the online system. The development represents an effort to modernize tax administration and reduce bureaucratic burdens for Slovak citizens, who previously faced more complicated procedures for submitting their annual tax declarations to the Financial Administration.

SME
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Economy

Major Slovak Agricultural Group Exata Enters Greenhouse Production with 19 Million Euro Investment

Exata Group, one of Slovakia's largest agricultural companies controlled by entrepreneur Ján Sabol, is launching a major greenhouse vegetable production project worth 19 million euros. The company plans to heat the greenhouse facilities using energy from its biofuel production operations, which represent its largest business segment. The expansion comes as Slovakia's previously lucrative greenhouse tomato farming sector faces overcrowding, with less competitive producers struggling with mounting debts. Exata Group has established itself as one of the most powerful players in Slovak agriculture through its diverse operations spanning crop production and biofuel manufacturing.

Dennik N
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