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Last refreshed: 13/06/2026 05:40 · 24 articles added
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Economy

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Economy

Eastern Slovak Retail Chain Milk-Agro Reports First Loss, Closes Stores and Cuts Jobs

Milk-Agro, a retail chain that emerged as a notable commercial success story in eastern Slovakia, has fallen into its first recorded loss of more than 600,000 euros. The company, which had previously been seen as a regional business phenomenon, is now closing stores and laying off employees as it struggles with financial difficulties. The development marks a significant reversal for the retailer, which had built a strong presence in Slovakia's eastern regions. The company's troubles reflect broader challenges facing regional retail chains amid changing market conditions and competitive pressures in Slovakia's retail sector.

SME
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Economy

Penta Receives Key Environmental Approval for Major Bratislava Development Project

Penta Real Estate has received crucial environmental approval from Slovakia's Ministry of Environment for its Southbank development project, a new district planned for the Petržalka side of the Danube River in Bratislava. The ministry's positive environmental impact assessment declares the project environmentally acceptable, clearing a major regulatory hurdle for the large-scale development that will include both residential and office buildings. Penta, one of Slovakia's largest investment groups with significant real estate holdings across Central Europe, plans to begin construction of the new Bratislava district this year. The Southbank project represents one of the most significant urban development initiatives in the Slovak capital, potentially transforming the landscape along the Danube's southern bank in Petržalka, Bratislava's most populous district.

Dennik N
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Economy

Slovakia Records Lowest Housing Construction in a Decade Despite Government Claims

Slovakia completed the fewest residential units in a decade last year, contradicting Prime Minister Robert Fico's claims that his Smer party has been actively developing the country. Bratislava, the capital city where housing demand is highest, experienced the most dramatic decline in completed apartments. The poor construction figures persist despite recent mortgage rate reductions and a new building law designed to streamline the long-criticized approval process. The housing shortage comes at a time when Slovakia faces significant demand for residential units, particularly in urban areas where economic opportunities are concentrated.

Dennik N
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Economy

Property Values Drop as Slovak Government Plans Drilling for New Power Plant

Property values in a Slovak region have declined since Deputy Prime Minister Tomáš Taraba began discussing plans for a new power plant that would require state drilling on private land. The government's energy development plans are raising concerns among property owners about potential expropriation of their land, including private yards and residential areas. The situation highlights tensions between state infrastructure projects and private property rights, with landowners questioning whether the government's approach complies with European Union legislation on property protection. Taraba, who serves as deputy prime minister and leads the Slovak National Party in the current ruling coalition, has been promoting the power plant project as part of Slovakia's energy strategy.

Aktuality
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Economy

Slovakia's Budget Deficit Worsens by 29% in March Compared to Previous Year

Slovakia's state budget deficit deteriorated by 29% in March compared to the same period last year, according to the Finance Ministry. State budget revenues at the end of March were 0.9% lower than in the corresponding period of the previous year. The worsening fiscal position reflects ongoing challenges in Slovakia's public finances, as the government grapples with revenue shortfalls amid broader economic pressures. The deficit increase indicates that government spending continued to outpace income generation, putting additional strain on the country's fiscal stability.

TASR/Teraz
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Economy

Tesla Sales Surge Across European Markets in March

Tesla recorded significant sales growth across major European markets in March, marking a notable recovery for the electric vehicle manufacturer. The American company experienced particularly strong performance in Scandinavian markets, where sales increased substantially during the month. The surge represents a positive turnaround for Tesla in Europe, one of its key international regions, after facing various market challenges in recent periods.

SMETASR/Teraz
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Economy

State Railway Company to End Leases with Private General Practitioners for Reconstruction

Slovakia's state railway company DFN (Dopravný a servisný fond) will terminate rental agreements with private general practitioners' offices to proceed with reconstruction work. The company stated that tenants were informed about the situation well in advance, providing them with significant advance notice of the lease terminations. The move appears to be part of infrastructure modernization efforts affecting medical facilities currently housed in railway-owned properties.

TASR/Teraz
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Economy

Slovak Retail Chain COOP Jednota Launches New Design for Private Label Products

Slovak retail cooperative COOP Jednota has redesigned the packaging for its private label products under the "Tradičná kvalita" (Traditional Quality) brand. The new packaging design will be available to customers during Easter shopping season, marking a visual refresh for the chain's house brand products. COOP Jednota operates as one of Slovakia's major retail networks, serving customers across the country with its cooperative business model.

Aktuality
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Economy

COOP Jednota Redesigns Private Label Packaging for Easter Shopping Season

Slovakia's COOP Jednota retail cooperative has unveiled new packaging designs for its private label products under the "Tradičná kvalita" (Traditional Quality) brand. The redesigned products will be available in stores during the Easter shopping period, featuring updated colors and visual elements while maintaining the brand's focus on traditional quality.

Aktuality
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Economy

Slovakia's Sixth and Seventh Recovery Plan Payments Await Final Approval

Slovakia's sixth and seventh payment requests under the European Union's Recovery Plan are set for final approval, with a combined value of approximately 1.4 billion euros. The European Commission's comitology committee will review these payment requests on April 17. The approval process includes a crucial deadline of April 30 for completing the zoning process of Slovakia's national parks, which represents one of the key reform milestones required for the payments. Previous indicative deadlines served only as working schedule references, according to the Office of the Deputy Prime Minister for the Recovery Plan.

SMEAktualityTASR/Teraz
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Economy

Diesel Price Gap Between Domestic and Foreign Vehicles Widens, Finance Ministry Institute Reports

The difference in diesel fuel prices between domestic and foreign vehicles in Slovakia continues to grow, according to the Institute of Financial Policy. Foreign vehicles now pay approximately 34 cents more per liter of diesel compared to domestic vehicles. The Institute of Financial Policy, which operates under Slovakia's Finance Ministry and provides economic analysis and policy recommendations, tracks fuel pricing disparities that affect cross-border transportation and the country's logistics sector.

SME
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Economy

Slovakia Has Highest Labor Costs in Central Europe Despite Lowest Net Wages

Slovakia now has the highest labor costs in Central Europe while maintaining the lowest net wages in the region, according to new data analyzing employment expenses. The country's non-wage costs rank as the third highest in the European Union, rapidly approaching levels seen in traditionally high-welfare states like France and Sweden. The significant increase in labor costs stems from three rounds of government fiscal consolidation measures that have substantially raised the expense of hiring employees for businesses. This creates an unusual economic situation where employers face the region's steepest costs to hire workers, yet employees receive the smallest take-home pay among neighboring countries. The disparity highlights how government policies aimed at increasing revenue through higher social contributions and taxes have created a burden that falls heavily on both employers and workers, potentially affecting Slovakia's competitiveness in attracting investment while limiting workers' purchasing power.

Dennik N
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Economy

Failed Financial Group Founder Attacks Business Rival's Major Investment Deal

Pavol Krúpa, founder of the collapsed financial group Arca, has launched an attack against businessman Tomáš Spuchliak's planned entry into a major Czech investment fund. Krúpa claims that one of Spuchliak's companies has outstanding debts and alleges his entire business group is controlled by J&T, a prominent financial conglomerate. Spuchliak has dismissed Krúpa's accusations as lies and announced plans to sue him. The dispute centers around what appears to be a significant acquisition deal that could reshape Slovakia's investment landscape, with Krúpa attempting to block Spuchliak's business expansion into Czech markets.

Dennik N
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Economy

Premium fuel becomes only option at many Slovak gas stations as cheaper alternatives run out

Slovak drivers are increasingly forced to purchase more expensive premium fuel as cheaper alternatives disappear from gas stations across the country within hours of delivery. Many filling stations nationwide are running out of standard fuel options, leaving only higher-priced premium gasoline and diesel available to consumers. The rapid depletion of cheaper fuel suggests strong demand amid ongoing concerns about fuel pricing and availability in Slovakia.

Aktuality
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Economy

Slovakia's Oil Emergency Could End Within Days, Prime Minister Says

Slovakia's state of oil emergency could be lifted as early as next week, Prime Minister Robert Fico announced following meetings at the Slovnaft refinery in Bratislava. The discussions included Economy Minister Denisa Saková and focused on the country's oil supply situation. Slovakia declared an oil emergency earlier this year due to disruptions in crude oil supplies, which threatened the country's energy security and fuel availability. The potential end to the emergency status suggests that supply chains have been stabilized and alternative sources secured to meet domestic demand.

Košice Dnes
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Economy

Slovakia Plans to Expand Social Security Agency's Debt Collection Powers

The Slovak government plans to expand the debt collection powers of Sociálna poisťovňa, the country's social security agency. Under the proposed changes, the agency would gain the authority to seize debtors' assets as part of its debt recovery efforts. The Social Security Agency currently administers pension, disability, and unemployment benefits for Slovak citizens and collects mandatory social insurance contributions from employers and employees. The expanded powers would strengthen the agency's ability to recover unpaid contributions and other debts owed to the social security system, potentially improving the financial stability of Slovakia's social insurance programs.

SME
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Economy

East Asian Stock Markets Rise on Hopes for End to Middle East Conflict

East Asian stock markets rallied on Wednesday amid optimism about a potential end to military conflicts in the Middle East. Japan's benchmark Nikkei 225 index closed trading with a significant gain of 5.24 percent, reflecting broader investor sentiment across the region. The surge appears driven by hopes that reduced geopolitical tensions could stabilize global markets and economic conditions.

TASR/Teraz
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Economy

Nitra Managed Budget of Nearly 138 Million Euros in 2023

The Slovak city of Nitra operated with a budget of nearly 138 million euros in 2023, with education receiving the largest allocation of municipal resources. The city directed almost 50 million euros to education, representing more than 46 percent of total municipal expenditures. Education has traditionally been the primary focus of Nitra's spending priorities, reflecting the significant role local governments play in funding schools and educational infrastructure in Slovakia's administrative system.

TASR/Teraz
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Economy

Poprad-Tatry Airport to operate record number of destinations this summer

Poprad-Tatry Airport will operate more flight destinations this summer than at any point in its history. The airport management expects charter flights to increase by 30% compared to the previous year, marking significant growth for the facility that serves Slovakia's High Tatras mountain region. The airport, located in northern Slovakia near the country's popular mountain tourism destinations, has been expanding its operations to accommodate growing demand from international visitors seeking access to the Tatras region.

TASR/Teraz
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