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Last refreshed: 28/07/2026 05:39 · 38 articles added
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Economy

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Economy

Construction Company Denies Quality Claims in Emergency Medical Service Station Dispute

Odu-Trade, a construction company, has rejected allegations regarding poor construction quality of emergency medical service stations. The company stated that it withdrew from contracts only after careful consideration of the situation. The dispute involves the construction of emergency medical facilities, though specific details about the nature of the quality concerns or the scope of the affected projects were not disclosed.

SME
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Economy

Slovak Industry Faces Continued Decline as Automotive Sector Drags Down Performance

Slovakia's industrial sector recorded its weakest performance in April since the beginning of the year, with the automotive industry contributing significantly to the overall decline. The automotive sector, which traditionally serves as a key pillar of Slovakia's economy, has been experiencing difficulties that are impacting broader industrial output. Slovakia's economy relies heavily on manufacturing, particularly automotive production, with major international carmakers operating large facilities in the country. The continued weakness in this sector raises concerns about the country's economic performance and employment levels in manufacturing regions.

SME
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Economy

Only 11 Percent of Slovak Households Invest, Study Reveals

Only 11 percent of Slovak households actively invest their money, according to new data highlighting the exclusive nature of investment activity in the country. A narrow group of university-educated individuals with savings above 15,000 euros and existing mortgages controls half of all active investments in Slovakia. The data shows that Slovaks have indirectly participated in the artificial intelligence investment boom through mutual funds and pension savings. While Slovak households have historically favored bank deposits and have gradually increased their investment activity in recent years, investing remains concentrated among a highly educated elite with substantial financial resources.

Dennik N
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Economy

Czech Republic's Current Account Surplus Drops Sharply in April

The Czech Republic recorded its smallest current account surplus since November 2025 in April, marking a sharp year-on-year decline. The current account, which measures a country's trade balance and financial flows with the rest of the world, saw its surplus contract significantly compared to the same period last year. This development reflects changes in the Czech economy's external financial position, which includes trade in goods and services, investment income, and transfers with other countries.

TASR/Teraz
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Economy

Survey Reveals Slovak Men More Prone to Risky Investment Behavior

More than half of Slovaks primarily avoid risk when investing or proceed with extreme caution, according to a new survey. The research revealed gender differences in investment behavior, with risky investing being more common among men than women. The findings suggest Slovak investors generally favor conservative approaches to financial markets, with the majority preferring safer investment strategies over potentially higher-return but riskier options.

TASR/Teraz
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Economy

Oil Prices Drop 5 Percent on Optimism Over Strait of Hormuz

Oil prices fell sharply by 5 percent amid growing optimism about the situation in the Strait of Hormuz, a critical shipping route for global energy supplies. The August contract for Brent crude, the North Sea oil benchmark, dropped to $85.86 per barrel. The Strait of Hormuz is a narrow waterway between Iran and the Arabian Peninsula through which approximately one-fifth of the world's oil passes, making it one of the most strategically important chokepoints for global energy markets. Price movements often reflect tensions or improvements in the geopolitical situation around this vital shipping lane.

SME
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Economy

Slovak Worker Finds High Pay as River Cruise Chef on Danube

Richard, a Slovak worker, has found lucrative employment as a chef aboard a river cruise ship operating on the Danube River. Even dishwashers on these vessels earn 2,300 euros net monthly, making the work financially attractive despite its demanding nature. Richard says eight weeks aboard the ship represents the maximum duration he can handle before needing time off. The cruise industry along the Danube has become an increasingly popular employment option for Slovaks seeking higher wages than those typically available in domestic service jobs.

SME
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Economy

Suzuki e Vitara Electric SUV Enters Market as Most Affordable Four-Wheel Drive Option

Japanese automaker Suzuki has launched the e Vitara, an electric SUV that represents the company's entry into the electric vehicle market. The vehicle stands out as the most affordable electric four-wheel drive SUV currently available, with particular emphasis on passenger comfort features. The e Vitara marks Suzuki's strategic move to compete in the growing electric vehicle segment, offering consumers an accessible option in the premium four-wheel drive electric SUV category.

SME
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Economy

Economic Growth Remains Persistent Challenge Despite Reform Efforts

Economic growth continues to pose a persistent challenge for some countries, even when comprehensive reform measures have been implemented. The enduring difficulty in achieving sustained economic expansion highlights the complex nature of modern economic development, where traditional policy interventions may prove insufficient to generate the desired growth outcomes.

SME
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Economy

Slovak Finance Minister Seeks Tech Innovation While Health Minister Faces Hospital Cost Questions

Slovakia's Finance Minister Eduard Heger, known by his nickname Migaľ, is pursuing efforts to identify and support Slovak technological innovators comparable to Apple founder Steve Jobs, according to government economic updates. Meanwhile, Health Minister Viliam Kaliňák has become entangled in questions regarding cost overruns at a hospital in Prešov, a city in eastern Slovakia. The developments come amid broader economic pressures as eurozone interest rates have risen, pushing mortgage rates back toward 4 percent. The rate increases are attributed partly to uncertainty surrounding policies of U.S. President Donald Trump, whose contradictory statements about Iran sanctions have created volatility in oil markets, with prices fluctuating around $90 per barrel as investors remain skeptical of his policy commitments.

Dennik N
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Economy

Elon Musk to Take SpaceX Public as Slovak Experts Urge Caution

Elon Musk plans to take his space exploration company SpaceX public in what is being described as the largest financial event in history. Millions of investors worldwide are eager to purchase shares in Musk's space venture. However, leading Slovak financial experts are advising caution before investing in the highly anticipated initial public offering. The experts warn potential investors against getting caught up in the global buying frenzy and recommend careful consideration before purchasing SpaceX shares.

Aktuality
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Economy

New Showroom for Exterior Blinds Opens in Spišská Nová Ves

A new showroom for exterior blinds has opened in Spišská Nová Ves, a town in the Spiš region of eastern Slovakia. The showroom allows customers to view the blinds in person and promotes them as an alternative cooling solution for homes without air conditioning systems.

Korzár
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Economy

Slovakia's Development Bank Posts Record Lending of €158 Million in 2024

Slovakia's Development Bank achieved its highest lending volume in its history last year, providing €158 million in loans while posting a consolidated net profit of €11.2 million. The state-owned institution, which focuses on supporting economic development projects and small-to-medium enterprises in Slovakia, significantly expanded its lending activities compared to previous years. The bank's strong financial performance reflects increased demand for development financing and successful portfolio management, positioning it as a key player in Slovakia's economic development strategy.

SME
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Economy

Only 5% of Slovak Companies Address Employee Burnout Prevention Long-Term, Survey Shows

Only five percent of companies in Slovakia have implemented long-term solutions to prevent employee burnout, according to a new survey. The research found that while a quarter of firms offer partial measures to address workplace stress and exhaustion, the vast majority lack comprehensive strategies to protect their workers' mental health. The findings highlight a significant gap in corporate wellness programs at a time when employee burnout has become an increasingly recognized workplace issue across Europe.

SME
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Economy

IMF Warns Eurozone Faces Weaker Growth and Higher-Than-Expected Inflation

The International Monetary Fund has warned that the eurozone faces weaker economic growth and inflation above projections. The IMF cautioned about the harder impact of the Middle East conflict on the eurozone economy. The organization highlighted that a combination of expensive energy costs and sluggish growth could constrain both the broader economy and investor confidence in the region.

Aktuality
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Economy

Gold Prices Fall to Six-Month Low After Weekly Decline

Gold prices have dropped to their lowest level in six months, declining 6.3 percent since the beginning of the week. The precious metal continues its downward trajectory amid broader market movements affecting commodity prices.

SME
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Economy

SpaceX IPO Could Generate Record Trading Volume, Analysts Warn of Potential Investment Risks

SpaceX's anticipated initial public offering is expected to generate record-breaking trading volumes worth billions of dollars when the company goes public. Financial analysts are highlighting both the enormous investor interest in Elon Musk's space exploration company and potential risks associated with the highly anticipated stock debut. The IPO represents one of the most awaited public offerings in recent market history, with expectations that unprecedented amounts of capital will change hands during the initial trading period.

SME
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Economy

Slovakia Ranks Among EU's Worst-Performing Economies in Prosperity Index

Slovakia has been ranked as one of the poorest-performing economies within the European Union, with only Hungary faring worse according to a new prosperity index. The country shows significant weaknesses across multiple economic indicators, including economic performance, education quality, household conditions, social functioning, and sustainability measures. The assessment highlights Slovakia's declining competitiveness in international comparisons, with the country appearing to lose ground relative to other EU member states. An aging population represents a major structural challenge for the Slovak economy, while the ongoing conflict in the Middle East poses immediate threats to economic stability. The prosperity index measures various factors that contribute to a nation's overall economic health and quality of life. Slovakia's poor showing across these diverse metrics suggests systemic challenges that extend beyond short-term economic fluctuations to include fundamental issues with institutional performance and long-term demographic trends.

Dennik N
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Economy

Slovak Investment Experts Warn Against Chasing AI Stocks, Recommend Long-Term ETF Strategy

Slovak investment experts are advising investors to avoid chasing the next artificial intelligence boom stock and instead focus on long-term exchange-traded fund (ETF) strategies. Investment specialists Dominik Hapl and Ondrej Greguš warn that current market sentiment is driven by AI hype, causing many investors to lose sight of long-term investment principles. The experts recommend that investors with several thousand euros to invest should consider broad market ETFs rather than trying to identify the next Nvidia-style winner. They note that investors holding Nasdaq index funds will automatically gain exposure to major companies like SpaceX as they become publicly traded, providing diversified access to emerging technology companies without the risks of stock picking.

Dennik N
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Economy

Slovakia proposes eight acceleration zones for wind energy development

Slovakia's Ministry of Economy has proposed establishing eight acceleration zones for wind energy development across the country. The largest proposed zone would cover the Podhájska-Dvory nad Žitavou area in the Nové Zámky district. The proposal still requires government approval before moving forward. Once approved, environmental impact assessments would be conducted for each location, though this phase would only proceed if specific investors express interest in developing wind energy projects in those areas. The acceleration zones represent Slovakia's effort to expand renewable energy infrastructure and meet European Union climate targets.

SMETASR/Teraz
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