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Last refreshed: 20/06/2026 10:38 · 48 articles added
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Economy

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Economy

Slovakia Reports Major Losses from EU Fund Fraud and Tax Evasion

Slovakia is experiencing significant financial losses from fraud involving European Union funds, according to warnings issued by former Deputy Prime Minister Veronika Remišová. The country is also reporting substantial damage from tax and customs fraud. Remišová, who previously served as Deputy Prime Minister for Investments and Informatization in the government of Igor Matovič, has highlighted these systemic issues affecting public finances. EU funds are designed to support member states' development projects, but Slovakia appears to be struggling with oversight and prevention of fraudulent activities that divert these resources from their intended purposes.

SME
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Economy

Slovakia Sells Over €3.2 Billion in Government Bonds in Two Months

Slovakia has sold government bonds worth more than €3.2 billion over the past two months, according to official data. The bond sales represent part of the country's regular debt financing operations to fund government activities and refinance existing obligations. The next scheduled government bond auction is set to take place on March 16, continuing Slovakia's ongoing program of issuing sovereign debt to investors in domestic and international markets.

SME
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Economy

Renault Plans to End Sales of Gasoline and Diesel-Only Cars in Europe by 2030

French automaker Renault announced it will stop selling vehicles powered exclusively by gasoline or diesel engines in Europe by 2030, marking a significant shift toward electric and hybrid vehicles. The company also revealed a new technological partnership with American tech giant Google, though details of the collaboration were not immediately specified. The move aligns with broader industry trends as European automakers accelerate their transition to electric mobility in response to tightening emissions regulations and changing consumer preferences.

SME
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Economy

First New Railway Crossing Opens on Modernized Track as Terminal Construction Takes Shape

Railway infrastructure work in Slovakia has reached a new milestone with the opening of the first new railway crossing on a modernized track line. The development comes as construction of a new terminal facility also begins to take visible form in the area. Project officials indicate that current progress suggests the infrastructure improvements will be completed on schedule, with no significant obstacles currently hindering the planned delivery timeline.

Korzár
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Economy

Tourism in Prešov Rebounds as Overnight Stays Approach Pre-Pandemic Levels

Tourism in Prešov, a city in eastern Slovakia, is recovering strongly as overnight stays nearly match pre-pandemic records. The city has benefited from hosting major events that have drawn visitors and boosted accommodation bookings. The tourism rebound represents a significant recovery for the regional economy, which relies heavily on visitor spending for hotels, restaurants, and local businesses.

Korzár
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Economy

Slovak Investment Minister Discusses Post-2028 Business Competitiveness Plan

Investment Minister Samuel Migaľ and government commissioner Ladislav Šimko held a press conference following meetings with business sector representatives about Slovakia's National and Regional Partnership Plan 2028+. The discussions focused on developing new approaches to strengthen Slovakia's competitiveness and support entrepreneurship beyond 2028. The National and Regional Partnership Plan represents Slovakia's strategic framework for economic development and business support in the coming years.

TASR/Teraz
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Economy

Investment Activity Grows in Slovakia Though Many Still Prefer Traditional Savings

Approximately one-quarter of Slovakia's population aged 15 to 79 years now engages in investing, according to a recent survey showing growing investment activity in the country. Despite this upward trend in investment participation, many Slovaks continue to favor traditional savings methods over more modern investment options. The findings reflect a gradual shift in financial behavior among Slovak citizens, though conservative savings approaches remain dominant among the population.

SME
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Economy

Dacia Unveils New Striker Model as Replacement for Previous Renault Megane

Romanian automaker Dacia has introduced its new Striker model, which serves as a replacement for the previous Renault Megane. The new vehicle features both hybrid engine options and all-wheel drive capability, marking Dacia's continued expansion of its model lineup with more advanced drivetrain technologies.

SME
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Economy

Slovakia's Antitrust Authority Imposes Record €97 Million Fine on Cable Price-Fixing Cartel

Slovakia's antitrust authority imposed a record fine of €97 million on companies that artificially inflated cable prices through illegal coordination. The Antimonopoly Office, Slovakia's competition watchdog responsible for preventing market manipulation and protecting consumers, successfully dismantled what it termed a "cable cartel" that had been operating to fix prices above competitive market levels. The penalty represents the largest fine ever imposed by the Slovak competition authority, demonstrating a significant enforcement action against price-fixing schemes that harm both businesses and consumers by preventing fair market competition.

Aktuality
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Economy

Slovak Competition Authority Imposes Record Fine on Cable Manufacturing Cartel

Slovakia's competition authority has uncovered a cartel in the cable manufacturing sector and imposed the highest fine in its history on the participants. The cartel involved a total of 11 companies operating in the cable production industry. The Antimonopoly Office, Slovakia's competition watchdog responsible for investigating anti-competitive practices and market manipulation, discovered the price-fixing scheme among the cable manufacturers. This represents the largest penalty ever issued by the Slovak competition authority, reflecting the serious nature of the cartel's impact on market competition and consumer prices in the cable manufacturing sector.

SME
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Economy

Samsung Workers Share Impact Stories as Slovak Factory Closure Approaches

Samsung employees in Galanta are facing the closure of their manufacturing facility, with some workers having spent their entire careers at the plant since its establishment. The shutdown will affect not only Samsung's direct workforce but also employees at supplier companies that depend on the factory's operations. Many long-term employees, including some who learned to read and write while working at the facility, now face difficult transitions as the plant winds down operations. The closure represents a significant economic disruption for the Galanta region, where Samsung has been a major employer for years.

Dennik N
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Economy

Volkswagen Group Profit Falls Nearly 50% as Global Sales Stagnate

Volkswagen Group reported a dramatic decline in profitability for the past year, with net profit after taxes falling nearly in half to 6.9 billion euros. The German automotive giant also saw revenues drop to approximately 322 billion euros as global sales stagnated. The company is now seeking ways to recover from the downturn amid challenging market conditions for the automotive industry.

SMEAktuality
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Economy

Slovak antitrust authority imposes record €97 million fine on cable companies for price-fixing cartel

Slovakia's antitrust authority has imposed a record fine of €97 million on nine cable manufacturing companies for operating a price-fixing cartel that affected the construction, energy, automotive, and telecommunications sectors. The penalty represents the largest antitrust fine in Slovak history and was levied against three Slovak firms, six Czech companies, and one industry association. The cartel manipulated prices across the broad cable market, affecting multiple industries that rely on cable infrastructure. Two companies - the Slovak and Czech subsidiaries of Austrian firm SKB - avoided penalties by reporting the cartel early to authorities under the antitrust office's leniency program. The Antimonopoly Office, Slovakia's competition watchdog responsible for overseeing fair competition and pricing, announced the unprecedented enforcement action as part of its efforts to crack down on anti-competitive business practices that harm consumers and market competition.

Dennik N
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Economy

Slovak Industrial Production Returns to Growth, Rising 2.7% Year-on-Year

Slovakia's industrial production returned to positive growth, increasing 2.7% compared to the same period last year. The recovery marks a turnaround for the country's manufacturing sector after a period of decline. Industrial production is a key economic indicator for Slovakia, whose economy relies heavily on automotive manufacturing, steel production, and other manufacturing industries that serve both domestic and export markets.

SME
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Economy

Slovak Fund Accountant Arrested After Embezzling Millions Through Forged Checks

A Slovak accountant working for an investment fund has been arrested and placed in pre-trial detention after allegedly embezzling millions of euros through forged checks while operating under a false identity. The suspect had been wanted by Interpol, the international police organization, before his capture. The case involves sophisticated financial fraud where the accountant allegedly falsified checks to divert substantial sums from the fund for personal use. Slovak authorities have not yet disclosed which specific fund was targeted or provided details about how the scheme was discovered.

Korzár
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Economy

European stocks weaken as markets remain hostage to oil price volatility

European stock markets declined as investor nervousness increased amid continued volatility in oil prices. Financial markets remain highly sensitive to fluctuations in crude oil costs, which have been a major driver of market sentiment and trading decisions. The uncertainty surrounding energy prices continues to create instability across European equity markets, reflecting broader concerns about economic stability and inflation pressures.

SME
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Economy

European Stocks Decline as Oil Prices Rise to Nearly $120 Per Barrel

European stock markets weakened on Monday as oil prices climbed to nearly $120 per barrel, creating significant investor nervousness. Germany's benchmark DAX index fell below the 23,000-point threshold during morning trading as markets responded to the surge in crude oil costs. The price spike has left financial markets vulnerable to ongoing volatility in energy commodities, with investors closely monitoring oil price movements that continue to drive broader market sentiment.

SMETASR/Teraz
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Economy

Study Compares Investment Returns Between Slovakia and Czech Republic

A new analysis has compared investment returns and tax implications for investors in Slovakia versus the Czech Republic, examining which country offers better conditions for generating investment income. The study focused on how much the state takes from investment profits in each country through various tax mechanisms and regulatory frameworks. The comparison comes as both Central European nations continue to develop their financial markets and compete for investment capital within the European Union.

SME
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Economy

Slovak vs Czech Investment Returns: Tax Comparison Study Released

A new analysis comparing investment taxation between Slovakia and the Czech Republic has examined which country allows investors to retain more of their returns after taxes. The study focused on how much the state takes from investment profits in each country, providing insights into the relative tax burden on investors in the two neighboring Central European nations. The comparison comes as both countries compete to attract investment and maintain favorable business environments within the European Union.

SME
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Economy

Slovak Social Enterprise Café Faces Closure as Government Changes Support Rules

A special café that employs people who struggled to find work in the regular job market faces potential closure due to upcoming changes in Slovakia's social enterprise legislation. The establishment, which provides employment opportunities for individuals who have failed to secure positions in the traditional labor market, has been operating for years under current social enterprise rules. However, new government regulations governing social enterprises threaten the café's ability to continue operations, potentially eliminating jobs for workers who have few other employment options available to them.

Korzár
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