Dávka - Your daily dose of Slovak news
♥ Support DávkaNewsletter
Last refreshed: 05/06/2026 15:42 · 72 articles added
Stories are refreshed at 05:30, 10:30, 15:30, and 21:30 UTC.

Economy

View all1446 stories
Economy

Airbus Delivers Over 80 Aircraft to Customers in May, Nearly 60% Increase

European aircraft manufacturer Airbus delivered 81 aircraft to customers in May, representing a nearly 60 percent increase compared to the previous period. The company officially confirmed the delivery figures, which had previously been reported by industry sources earlier in June. The substantial increase in deliveries reflects growing demand in the aviation sector as air travel continues to recover from pandemic-era disruptions.

TASR/Teraz
|
Economy

Bratislava Restaurant Business Chain Seeks Bankruptcy Declaration

A restaurant business operating in Bratislava has filed for bankruptcy after its operations failed to achieve financial viability. The company was founded by a prominent entrepreneur from Slovakia's tourism industry, though specific details about the chain's scope and the reasons for its financial difficulties were not disclosed. The bankruptcy filing represents the latest challenge facing the hospitality sector in Slovakia's capital city.

SME
|
Economy

Major Slovak Malt Exporter Reports 20% Revenue Drop Amid Rising Costs

A major Slovak malt exporter experienced a significant 20% decline in revenues as malt prices fell while operational costs increased. The company's profits were further squeezed by higher taxes and rising wage expenses, reflecting broader challenges facing Slovakia's agricultural processing sector. The combination of declining commodity prices and increasing labor costs has created a difficult operating environment for the business, which represents part of Slovakia's food and beverage export industry.

SME
|
Economy

Slovakia's Tax Debt Amnesty Program Expires at End of June

Slovak citizens and businesses have just three weeks remaining to eliminate their tax debts to the state without penalties and interest charges under a government amnesty program ending June 30. The tax amnesty covers outstanding tax liabilities that were recorded by tax authorities as of September 30, 2025, but excludes debts arising from tax audits and enforcement proceedings. Under the government decree, taxpayers can request to have late payment interest waived as part of the debt relief program. The amnesty represents an opportunity for debtors to clear their obligations to the Slovak tax administration without the additional financial burden of accumulated penalties, providing a limited-time window for resolving outstanding tax issues before normal collection procedures resume.

Dennik N
|
Economy

Slovak Businessman's Bitcoin Holdings Under Scrutiny Amid Ponzi Scheme Allegations

A Slovak businessman who famously advised people to "sell a kidney rather than bitcoin" is facing scrutiny over his company's billion-dollar cryptocurrency holdings. The entrepreneur's massive business operation is now being characterized as a Ponzi scheme, raising questions about the legitimacy of his bitcoin investment empire that he has promoted with extreme rhetoric about the cryptocurrency's value.

SME
|
Economy

Prešov Transport Company to Purchase 13 New Buses for 5.7 Million Euros

The Prešov municipal transport company is modernizing its vehicle fleet with the purchase of 13 new buses worth 5.7 million euros. The buses will be supplied by SOR Libchavy, a Czech manufacturer. The investment represents a significant upgrade to public transportation in Prešov, Slovakia's third-largest city and the administrative center of the eastern Prešov region, as the company works to replace aging vehicles and improve service quality for residents.

Korzár
|
Economy

Gold Prices Drop, Weekly Decline Expected

Gold prices fell on Friday morning, with spot gold reaching $4,463.73 (€3,834.82) per troy ounce by 11:00 AM Central European Time. The price represents a 0.2% decline from the previous trading session's close. The precious metal is heading toward a weekly decline as well.

TASR/Teraz
|
Economy

Slovak Economy Stagnates as Industrial Sector Contracts and Business Investment Drops

Slovakia's economy failed to grow by even one percent as the industrial sector entered a sharp contraction and businesses drastically reduced investment spending. The economic stagnation reflects broader structural challenges facing the Central European nation, with companies pulling back on capital expenditure amid uncertain market conditions. Without sustained investment from the private sector, economists warn that any future economic growth will prove unsustainable, potentially undermining Slovakia's position as a manufacturing hub within the European Union.

SME
|
Economy

Eurozone Economy Contracts 0.2% in First Quarter

The eurozone economy shrank by 0.2% in the first quarter of 2024 compared to the previous quarter, according to official data. Despite the quarterly decline, the eurozone economy still grew by 0.3% compared to the same period last year, while the broader European Union economy expanded by 0.7% year-on-year during the January-March period. The quarterly contraction reflects ongoing economic challenges facing the 20-nation currency bloc, even as annual comparisons show modest growth momentum remains intact.

TASR/Teraz
|
Economy

Slovakia's Economy Grows While Eurozone GDP Falls in First Quarter

Slovakia's gross domestic product increased in the first quarter compared to the same period last year, though the growth rate remained modest. The positive performance contrasted with broader European trends, as the eurozone economy contracted by 0.2 percent during the same period. The European Union as a whole saw its economic output decline by 0.1 percent in the first quarter. Slovakia's continued growth, albeit at a slow pace, highlighted divergent economic conditions across EU member states at the beginning of 2024.

SMEAktuality
|
Economy

Students Can Increase Take-Home Pay from Part-Time Jobs Through Tax Exemption Benefits

Slovak students working part-time jobs can significantly increase their net wages by properly applying tax-exempt portions of their income, according to guidance from the country's Financial Administration. The tax authority has issued advice ahead of the summer holiday period on how students can maximize their earnings through correct use of these tax benefits. Slovakia's tax system allows for certain portions of income to be exempt from taxation, and proper application of these rules can result in higher take-home pay for student workers during vacation employment periods.

Aktuality
|
Economy

Slovakia's Credit Rating Falls to 20-Year Low Despite Government Austerity Measures

Slovakia's credit rating has dropped to its lowest level in approximately 20 years, falling at the fastest pace since the end of the global financial crisis. The decline occurred despite the government implementing three separate fiscal consolidation packages aimed at improving the country's financial position. Zuzana Múčka from the Council for Budget Responsibility warned that without improvements to public finances, economic growth potential, and strengthening of the rule of law, Slovakia faces a high risk of further rating downgrades. The current rating represents the weakest assessment since Slovakia joined the European Union in 2004, highlighting the country's deteriorating fiscal and institutional credibility in international markets.

Dennik N
|
Economy

SpaceX Plans Record-Breaking $75 Billion Stock Market Debut

Elon Musk's space company SpaceX is preparing for a stock market listing that could raise $75 billion, potentially breaking the record set by Saudi Aramco's $29.4 billion initial public offering in 2019. The aerospace company, which operates space flights, the Starlink satellite network, and artificial intelligence development, would become one of the ten most valuable publicly traded companies if the offering proceeds as planned. SpaceX has emerged as a dominant force in the commercial space industry, providing satellite internet services globally while also conducting crewed missions to the International Space Station for NASA and other clients.

Dennik N
|
Economy

Slovakia Lags Significantly Behind in Electric Vehicle Adoption

Slovakia is falling significantly behind other countries in electric vehicle adoption, according to a new survey. The research identified high electric vehicle prices and the absence of direct government subsidies as the main barriers preventing wider adoption of electric cars in the country. While many European nations have implemented substantial financial incentives to encourage consumers to switch to electric vehicles, Slovakia has not established a comprehensive direct subsidy program, leaving potential buyers to face the full cost of the typically more expensive electric alternatives to traditional combustion engine cars.

SME
|
Economy

Dow Jones Index Reaches Historic High on New York Stock Exchange

The Dow Jones Industrial Average reached a historic high on the New York Stock Exchange, driven primarily by gains in the financial and healthcare sectors. The milestone reflects strong performance across these key market segments, with financial companies and healthcare firms leading the market rally that pushed the index to new record levels.

SME
|
Economy

Coffee Shop Business Quietly Expanding in Slovakia as Major Players Enter Market

Slovakia's coffee shop sector is experiencing quiet but steady growth as new cafes and pastry shops open across the country. The expansion includes entry by major business players, creating unexpected competition for traditional coffee houses. The development reflects changing consumer habits and business opportunities in Slovakia's hospitality sector, as entrepreneurs and established companies recognize the potential in the coffee and pastry market.

Aktuality
|
Economy

Weekly Survey Asks How Many Slovak Pensioners Receive Over 2000 Euros

A weekly public survey in Slovakia is asking citizens to estimate how many retirees in the country receive pensions exceeding 2000 euros per month. The question appears designed to test public perception of pension levels in Slovakia, where the average pension is significantly lower than this threshold. The survey suggests that many Slovaks may underestimate their relative financial position compared to pensioners, as the title indicates people 'are better off than they think.' Slovakia's pension system provides varying levels of benefits based on years of contribution and previous earnings, with most retirees receiving substantially less than 2000 euros monthly.

Aktuality
|
Economy

Slovaks Spend Hundreds of Millions on Gambling as Companies Break Revenue Records

Slovaks poured hundreds of millions of euros into gambling activities, with gambling companies achieving record-breaking revenues. The massive spending reflects the continued popularity of gambling in Slovakia, where citizens wagered substantial sums across various forms of betting and gaming. The record revenues generated by gambling operators highlight the significant scale of the gambling industry in the country and raise questions about gambling habits among Slovak consumers.

SME
|
Economy

Slovnaft Delivers Record Aviation Fuel Volume to Bratislava Airport

Slovnaft supplied a record volume of aviation fuel to Bratislava Airport in the first five months of the year, delivering nearly 30 million liters. The fuel delivery represents a significant increase in aviation activity at Slovakia's main international airport. Slovnaft, the Slovak oil refining company and major fuel supplier, has been providing aviation fuel to support the airport's operations as air traffic continues to recover and grow.

SME
|
Economy

Slovak Businesses Can Test Digital Mail Service for Mandatory Electronic Invoicing

Slovak businesses can now test electronic invoicing services ahead of mandatory implementation next year for VAT-paying companies. Under the new system, businesses that pay value-added tax will be required to use electronic invoices (eFaktúry) and must select a digital mail service provider to receive them. Companies that do not pay VAT will not be required to issue electronic invoices but must still have a digital mail service to receive them. The legislation exempts property rental businesses that operate without a trade license from receiving electronic invoices. The digital invoicing requirement represents part of Slovakia's efforts to modernize business processes and reduce administrative burdens through digitalization.

Dennik N
|