Dávka - Your daily dose of Slovak news
♥ Support DávkaNewsletter
Last refreshed: 08/06/2026 21:38 · 54 articles added
Stories are refreshed at 05:30, 10:30, 15:30, and 21:30 UTC.

Economy

View all1482 stories
Economy

ERP EcoSun Positioned as Digital Company Infrastructure in Data-Driven Business Environment

Slovakia's business sector has reached a turning point where digitalization has shifted from being a competitive advantage to an essential requirement for companies. The ERP EcoSun system is being promoted as critical digital infrastructure that enables businesses to make data-driven decisions in an increasingly digitized economy. This development reflects the broader transformation of Slovak enterprises as they adapt to digital-first business models where access to integrated data systems determines operational success.

Aktuality
|
Economy

Advertising Executive Leaves Waste Management Company Facing State Debt Claims

Radovan Grohoľ, a well-known advertising executive, is leaving the waste management company Odpadová at a time when the state has issued claims against the firm for hundreds of thousands of euros in debts. Grohoľ, who had been a business partner in the company, reportedly claimed he was hearing about the debts for the first time when confronted by journalists. The company's other owner is attempting to save the business despite the significant financial liabilities that have emerged.

Aktuality
|
Economy

German Work Culture Challenges Assumptions About Productivity and Hours

A discussion has emerged challenging the notion that Germans are lazy workers, suggesting there are underlying reasons why German employees work fewer hours than their counterparts in other countries. The debate questions whether the issue lies not in working too little, but in the efficiency and structure of work itself. This perspective suggests that Germans' reduced working hours may be a deliberate choice based on productivity strategies rather than a lack of work ethic.

SME
|
Economy

Budget Council Finds Government's Fiscal Consolidation Plan Among Least Effective

Slovakia's Budget Council tested over 1,500 different approaches to consolidating public finances and found the current government's package to be among the unsuccessful ones. The independent fiscal watchdog determined that roughly one-third of the government's consolidation measures are being used merely to fix poorly designed policies. The analysis suggests that if Prime Minister Robert Fico's government continues with the same approach for two more years, an additional consolidation package will be needed. The Budget Council, which serves as Slovakia's independent fiscal oversight body, based its assessment on the government's strategy of relying primarily on higher taxation rather than spending cuts. Fico's Smer-SD party, which leads the ruling coalition, has faced criticism for its approach to addressing the country's budget deficit, with the council's findings highlighting potential long-term fiscal risks.

Dennik N
|
Economy

Police Charge Four Suspects in Property Fraud Scheme Worth 1.8 Million Euros

Slovak police have charged four suspects in a major property fraud case involving the illegal sale of real estate worth 1.8 million euros. The suspects allegedly forged documents to fraudulently sell properties that did not belong to them. The National Criminal Agency, which handles serious financial crimes in Slovakia, conducted the investigation that led to the charges. Property fraud schemes of this scale represent a significant concern for Slovakia's real estate market and financial system, as they can undermine public trust in property transactions and cause substantial financial losses to victims.

Korzár
|
Economy

EU mechanism prevents interference in evaluation of European fund projects, says Labor Minister Tomáš

Slovakia's Labor Minister Erik Tomáš defended a call focused on social innovations, stating that European Union mechanisms exclude interference in the evaluation of EU-funded projects. The minister's comments come as he addressed questions about a specific funding initiative related to social innovation projects. European Union structural funds, which provide billions of euros to Slovakia for economic development and social programs, operate under strict evaluation procedures designed to ensure transparent and merit-based project selection.

SME
|
Economy

Appeal Filed Against Decision on Battery Recycling Plant Construction in Šurany

An appeal has been filed against an official decision regarding the construction of a battery recycling facility in the town of Šurany, located in southwestern Slovakia. The proposed plant would primarily process used lithium-ion batteries as its main input material for operations. The facility represents part of Slovakia's growing involvement in the electric vehicle supply chain, as the country has attracted significant automotive investment in recent years and seeks to develop battery-related industries alongside its established car manufacturing sector.

TASR/Teraz
|
Economy

Slovakia's Tourism Industry Grows Despite Legislative Challenges and Unfair Competition

Slovakia's tourism sector is experiencing growth, but industry employers report the sector continues to operate under unfair conditions that hinder its full potential. Tourism businesses are calling for a modern support system that would address current legislative uncertainties and incorporate local tax considerations. The sector faces ongoing challenges from unclear regulations and what industry representatives describe as unfair competitive practices, despite overall positive performance trends.

Aktuality
|
Economy

Budget Council Finds Third of Finance Minister's Consolidation Plan Merely Corrects His Own Mistakes

Slovakia's Budget Council has determined that approximately one-third of Finance Minister Ladislav Kamenický's fiscal consolidation measures simply reverse previous decisions he made that proved counterproductive. The independent fiscal watchdog found that the minister frequently made policy choices that were opposite to what was needed, only to later include corrections to these errors as part of his consolidation package. The Budget Council, which monitors Slovakia's public finances and provides independent assessments of government fiscal policy, released this critical evaluation of the consolidation efforts designed to reduce the country's budget deficit and improve its fiscal position.

SME
|
Economy

Slovak airports announce new flight routes for holiday season

Airports in Bratislava and Košice have announced new flight destinations for the upcoming holiday season. Budget carriers Ryanair and Wizz Air will operate flights to multiple new destinations from both airports. The expansion of routes comes as Slovak travelers seek more options for vacation travel on regular commercial flights, rather than charter services.

SME
|
Economy

Slovakia's Budget Responsibility Council Criticizes Government Consolidation as Ineffective

Slovakia's Budget Responsibility Council has declared the government's current fiscal consolidation efforts ineffective, arguing that the measures rely too heavily on increasing the tax burden on economic activity. The council, which serves as an independent watchdog monitoring the country's public finances and compliance with fiscal rules, expressed concern about the approach being taken to reduce the budget deficit. Slovakia, like other European Union members, is required to maintain fiscal discipline under EU budget rules, making the council's assessment significant for the country's economic policy direction and its standing with European institutions.

SME
|
Economy

Slovakia's arms exports more than double to 2.5 billion euros amid Ukraine war

Slovakia's weapons exports more than doubled last year to reach 2.5 billion euros, marking a 23-fold increase compared to pre-war levels before Russia's invasion of Ukraine. Arms sales now represent nearly three percent of Slovakia's total exports, with the vast majority consisting of ammunition for heavy weapons produced by both state-owned and Czech-owned defense companies operating in Slovakia. The dramatic surge in defense exports reflects Slovakia's role as a supplier to Ukraine and other allies supporting the war effort, transforming the country's arms industry into a significant economic sector. The growth comes as European nations have ramped up military aid to Ukraine while simultaneously rebuilding their own defense stockpiles depleted by donations to Kyiv.

Dennik N
|
Economy

Analysts warn mortgage rates could rise due to Middle East conflict

Slovak financial analysts are warning that mortgage interest rates could increase as a result of the ongoing conflict involving Iran and the broader Middle East tensions. The potential rate increases are linked to rising oil prices, which typically affect broader economic conditions and borrowing costs. However, analysts noted that the current oil price surge appears temporary and will largely depend on how the Middle East conflict develops. They emphasized that even the American administration would not want to artificially prolong the regional conflict, suggesting that any mortgage rate impacts may be short-lived if tensions de-escalate.

TASR/Teraz
|
Economy

Electricity Prices Hit Highest Level Since June 2025 While Natural Gas Costs Decline

Electricity prices in Slovakia have reached their highest levels since June 2025, maintaining levels above 100 euros per megawatt-hour. The elevated electricity costs contrast with declining natural gas prices, which have decreased during the same period. The price disparity between electricity and gas reflects ongoing volatility in European energy markets, with electricity remaining significantly more expensive for Slovak consumers and businesses while gas costs have provided some relief.

SME
|
Economy

Penta Hospitals Rejects Cartel Allegations, Defends Legal Actions Against Antitrust Office

Penta Hospitals Slovakia strongly rejected allegations of participating in a cartel agreement and defended its use of legal procedures against the country's antitrust authority. The healthcare company dismissed claims that it was obstructing or harassing the Slovak Antimonopoly Office (PMÚ) through legitimate legal means. Penta Hospitals stated that defending procedural rights does not constitute harassment and called on the antitrust office to first explain its own failings in the case. The Slovak Antimonopoly Office is the country's competition authority responsible for investigating potential violations of market competition laws, including illegal agreements between companies that could harm consumers or competitors.

Aktuality
|
Economy

Taiwan Tech Giant Foxconn Reports Sharp Profit Increase for 2024

Foxconn, the world's largest contract electronics manufacturer, reported a significant jump in net profit for 2024, reaching 189.4 billion New Taiwan dollars (5.17 billion euros). The Taiwan-based technology giant, known primarily for assembling Apple products and other consumer electronics, saw its profits rise from 152.7 billion TWD in the previous year, representing a substantial year-over-year increase. Foxconn, formally known as Hon Hai Precision Industry, is a key player in the global electronics supply chain and one of Taiwan's most prominent multinational corporations.

TASR/Teraz
|
Economy

Wizz Air adds six new regular flight routes from Bratislava

Budget airline Wizz Air has expanded its operations from Bratislava Airport by adding six new regular flight routes, including connections to Tirana, Berlin, and Rome's Fiumicino Airport. The expansion increases the Hungarian low-cost carrier's total number of regular routes from the Slovak capital from 19 to 25. The new routes represent a significant expansion of international connectivity from Bratislava, Slovakia's main airport and primary gateway for international travel.

SMETASR/Teraz
|
Economy

Slovak Water Infrastructure Faces Crisis as Distribution Networks Deteriorate

Slovakia's water distribution infrastructure is experiencing widespread deterioration, prompting calls for comprehensive legislative reform. Water utilities have been accused of inadequate maintenance and insufficient investment in upgrading aging pipes and distribution systems. A new legislative proposal aims to impose stricter requirements on water companies to make realistic investments in infrastructure renewal and asset maintenance. The deteriorating state of the water network has reached a critical point where temporary repairs are no longer sufficient to address the systemic problems affecting the country's water supply system.

Aktuality
|
Economy

Lidl Emerges as Major Employer in Slovakia's Changing Job Market

The discount retail chain Lidl has established itself as a significant employer in Slovakia, providing job opportunities for thousands of workers as the country's labor market continues to evolve. The German-owned supermarket chain, known primarily as a shopping destination for Slovak consumers, has positioned itself as a responsible employer in a job market where stability has become increasingly important for workers when choosing where to work. The development reflects broader changes in Slovakia's employment landscape, where job security and employer reliability are becoming key factors influencing career decisions.

Aktuality
|
Economy

Used Car Imports Rise in Slovakia with Growing Share of Electric Vehicles

Slovakia has seen an increase in used car imports, with electric vehicles representing a growing portion of the imported fleet. Station wagons remain the most commonly imported body type among used vehicles entering the Slovak market. The trend reflects broader changes in the European automotive market as electric vehicle adoption continues to expand across the region.

SME
|