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Last refreshed: 08/06/2026 21:38 · 54 articles added
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Economy

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Economy

Rental Housing Becomes More Affordable in Slovakia Despite Perception of High Costs

Rental housing costs have become more affordable relative to incomes in Slovakia, including in the capital Bratislava, despite widespread perceptions that housing remains expensive. The rapid growth in rental prices that followed the COVID-19 pandemic and the war in Ukraine stabilized in the previous year, while wages have been rising faster than rental costs, improving long-term affordability. Bratislava, Slovakia's capital and largest city, faces a critical shortage of rental apartments, which the city government is attempting to address through partnerships with private developers and its own construction projects. Meanwhile, purchasing property has become increasingly difficult as real estate prices continue to rise faster than rental costs, making homeownership less accessible for many residents.

Dennik N
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Economy

Fed to Get New Leadership: Investment and Retirement Planning Advice Amid Changes

The U.S. Federal Reserve is expected to undergo leadership changes, prompting financial experts to advise investors and retirement savers on preparation strategies. Financial analysts recommend that investors moderate their reactions to the anticipated Fed leadership transition. The advice comes as markets and long-term savers assess potential impacts from shifts in America's central banking leadership on monetary policy and economic conditions that could affect investment portfolios and retirement savings.

SME
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Economy

Slovakia Sets Special Diesel Price for Foreign Vehicles at €1.826 Per Liter

Slovakia has introduced a special diesel price of €1.826 per liter specifically for vehicles from abroad, making fuel more expensive for foreign drivers at Slovak gas stations. The government described the measure as temporary and said the price reflects average diesel costs in neighboring countries. The new pricing structure creates a two-tier system where foreign vehicles pay more than domestic ones for diesel fuel in Slovakia.

SMEAktuality
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Economy

Mining Projects Remain Stalled Under Economy Minister Migaľ

Mining industry projects continue to await action at the Slovak Ministry of Economy under Minister Denisa Saková's deputy Migaľ, with initiatives remaining undecided in the same manner as under previous minister Raši. The stagnation suggests ongoing neglect of the mining sector despite political promises to support the industry and its workers.

SME
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Economy

Slovak Tax Authority Reminds OnlyFans Earners to File Tax Returns

Slovakia's Financial Administration has issued a reminder to citizens who earned income through OnlyFans, the subscription-based content platform, that they must file tax returns by the statutory deadline. The tax authority emphasized that it has knowledge of such earnings and expects taxpayers to comply with their filing obligations. The Financial Administration, Slovakia's tax collection agency, routinely issues reminders as tax filing deadlines approach to ensure compliance across various income sources, including digital platforms that have become increasingly popular revenue streams.

SME
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Economy

Slovak Taxpayers Face Unexpected Child Tax Bonus Repayments

Many Slovak taxpayers discovered during their annual tax settlements that they were not entitled to the child tax bonus they received, or received more than they were eligible for, forcing them to repay hundreds of euros. Tax advisor Roman Konrád from Profinam reports that many people are struggling to return several hundred euros in a single payment. This represents a change from previous rules, where taxpayers who received higher tax bonuses than they were entitled to did not have to repay the excess amount. The child tax bonus is a government benefit designed to reduce the tax burden on families with children, but eligibility requirements and calculation methods can result in overpayments that must be rectified during annual tax reconciliation.

Dennik N
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Economy

Polish Average Wages Surpass Slovak Wages for First Time in 2024

Poland's average wage exceeded Slovakia's for the first time in 2024, marking a dramatic reversal from a decade of Polish workers earning approximately 10 percent less than their Slovak counterparts. The average Polish worker now earns about 5 percent more than the average Slovak worker, representing a significant shift in the economic fortunes of the two Central European neighbors. The wage crossover highlights Poland's stronger economic performance compared to Slovakia, which has struggled with slower growth in recent years. While some media reports attribute Poland's success to better utilization of EU funds compared to Slovakia, economists suggest the reasons for this wage gap reversal are more complex and multifaceted than simple differences in European funding absorption.

Dennik N
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Economy

Slovak Government Implements Emergency Measures Due to Diesel Fuel Shortage

The Slovak government activated emergency measures at fuel stations across the country on Thursday, March 19, following the declaration of an oil emergency state due to diesel shortages. The extraordinary measures, implemented to address the fuel supply crisis, will remain in effect for 30 days as authorities work to stabilize the situation at gas stations nationwide.

Košice Dnes
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Economy

Tax Authority Publishes List of Major Debtors in Michalovce Region

Slovakia's tax authority has published its list of major tax debtors in the Michalovce region of eastern Slovakia, revealing prominent local businesses and individuals who owe significant amounts in unpaid taxes. The list is topped by a former polystyrene manufacturer, highlighting ongoing issues with tax collection in the region. The publication of debtor lists is a standard practice by Slovakia's Financial Administration, the country's tax collection agency, as part of efforts to pressure non-compliant taxpayers and increase transparency around tax enforcement.

SME
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Economy

Highway Construction Continues on Prešov Bypass as Weather Conditions Improve

Construction crews are making progress on the Prešov bypass highway project, with work focusing on bridges and the Okruhliak tunnel. The project is benefiting from favorable weather conditions that are allowing construction to proceed efficiently. Prešov, Slovakia's third-largest city located in the eastern part of the country, has long needed improved transportation infrastructure to reduce traffic congestion through the city center. The bypass is part of Slovakia's broader highway development program aimed at improving connectivity between major urban centers and reducing travel times for both commercial and passenger traffic.

Korzár
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Economy

Slovak Tax Authority Sends Notices to Digital Platform Workers

Slovakia's Financial Administration is sending notifications to people earning income through digital platforms as part of its efforts to identify taxpayers operating in the digital economy. The tax authority uses two main sources of information to track individuals generating revenue through online platforms. The move represents the government's broader effort to ensure proper tax compliance among workers in the growing gig economy, where people earn income through platforms like ride-sharing services, food delivery apps, and freelance marketplaces.

TASR/Teraz
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Economy

Persian Gulf Security Incident Drives Energy Prices Higher, Set to Impact Slovak Households

A security incident at a Qatari gas facility has triggered immediate volatility on global energy markets, with European natural gas prices surging to their highest levels in three years and Brent crude oil breaking through the $110 per barrel threshold. The price spikes are expected to translate into higher energy bills for Slovak households, as natural gas prices have risen above 70 euros per megawatt-hour. Qatar is a major supplier of liquefied natural gas to Europe, making any disruption to its facilities significant for European energy security. Slovakia, like other European Union countries, relies heavily on energy imports and remains vulnerable to global price fluctuations following the continent's shift away from Russian energy supplies.

Aktuality
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Economy

Americans overlook Europe as opportunity without American price tag, says Slovak-Canadian

A Slovak-Canadian commentator suggests that Americans are missing opportunities in Europe, which offers advantages without the high costs associated with American markets. The observation highlights potential economic and business opportunities that European markets, including Slovakia, may present to North American investors and businesses who might be overlooking the region in favor of domestic options.

SME
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Economy

Slovakia restricts diesel sales to foreigners to curb fuel tourism from Poland

Slovakia's government approved restrictions on diesel fuel sales to foreign nationals to address fuel tourism after Polish drivers reportedly bought up diesel supplies in northern Slovakia. The measures, decided Wednesday evening, will make diesel more expensive for non-Slovaks but will not affect gasoline sales. The restrictions will take effect once published in the official gazette. Slovakia currently has the cheapest fuel prices in the region after state-owned oil company Slovnaft agreed with the government to keep prices low, making the country an attractive destination for cross-border fuel purchases.

Dennik N
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Economy

Brent Oil Price Jumps 5 Percent, Briefly Nears $110 Per Barrel

The price of Brent crude oil surged 5 percent, with the commodity briefly rising to nearly $110 per barrel. The sharp increase represents a significant movement in global oil markets, though the underlying factors driving the price spike were not immediately detailed.

SME
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Economy

Slovak Government Introduces Dual Diesel Pricing System Amid Fuel Crisis

Slovakia's government has implemented a dual pricing system for diesel fuel and introduced restrictions on refueling as the country grapples with a fuel crisis. The emergency measures create different price tiers for diesel and limit how much fuel consumers can purchase at one time. However, the new regulations may violate European Union law, raising questions about their compatibility with EU single market rules that generally prohibit member states from implementing discriminatory pricing policies or artificial market restrictions without proper justification.

SME
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Economy

Green Policies Not to Blame for High Energy Costs, Slovak Analysis Shows

A new analysis challenges common arguments that green environmental policies are driving up energy costs for Slovak consumers. The study found that fossil fuels, rather than renewable energy initiatives, pose the greater threat to household budgets. The findings contradict widespread political rhetoric that blames environmental regulations and green transition policies for rising energy prices. Slovakia, like other European Union countries, has been implementing various environmental policies as part of the bloc's Green Deal initiative to reduce carbon emissions and transition to renewable energy sources by 2050.

Dennik N
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Economy

Slovak Real Estate Market Records Largest Investment in a Decade

Slovakia's real estate market attracted record investments of 973 million euros in 2024, marking the highest level of investment activity in a decade. The surge was driven by institutional capital and significant activity from investors across the Central and Eastern European region. The strong performance reflects growing confidence in Slovakia's property market and its appeal to regional investors seeking opportunities in the CEE region.

Aktuality
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Economy

European Central Bank warns financial markets underestimate geopolitical risks

The European Central Bank's head of banking supervision warned that financial markets are underestimating geopolitical risks facing the global economy. The ECB official also cautioned against loosening regulations in the banking sector, suggesting that current oversight measures remain necessary to maintain financial stability amid ongoing international tensions and uncertainties.

TASR/Teraz
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Economy

Rising Oil Prices Expected to Accelerate Slovak Inflation Due to Middle East Conflict

Oil prices are accelerating the growth of prices across all goods and services in Slovakia, with analysts warning that prolonged Middle East conflict could push the country's inflation rate above four percent. The war in the Middle East is expected to increase costs not only for fuel but for a broad range of goods and services, as transportation and production companies typically pass higher fuel costs on to consumers. Slovakia, like other European countries, remains vulnerable to global oil price fluctuations due to its reliance on imported energy and the role of fuel costs in the broader economy. The analysis suggests that oil prices and general inflation rates historically move in tandem, making energy market developments a key indicator for overall economic trends in the country.

Dennik N
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