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Last refreshed: 06/06/2026 05:37 · 25 articles added
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Economy

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Economy

Uber Increases Stake in Delivery Hero to Nearly 25 Percent

American ride-hailing company Uber has increased its ownership stake in German food delivery platform Delivery Hero to nearly 25 percent. The move comes as investment fund Aspex reduced its holdings in the Berlin-based company, cutting its stake from 14.55 percent to 7.56 percent. Delivery Hero operates food delivery services across multiple international markets and has been expanding its presence in various regions including Asia and the Middle East.

SMETASR/Teraz
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Economy

Public Procurement Office orders highway authority to correct D1 Turany-Hubová tender

Slovakia's Public Procurement Office has ordered the National Highway Company (NDS) to correct irregularities in the tender process for the D1 highway section between Turany and Hubová. The decision came after reviewing objections raised by one of the bidders regarding the competition conditions. The highway company has 60 days from when the decision becomes final to implement the required corrections. The D1 highway is Slovakia's main east-west motorway connection, and the Turany-Hubová section represents part of ongoing efforts to complete missing segments of the country's highway network.

SMETASR/Teraz
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Economy

Government Living on Different Planet as Slovakia Becomes Investment Unattractive, Business Leader Says

A prominent Slovak business figure has criticized the government's economic policies, claiming the administration is disconnected from reality while the country becomes increasingly unattractive to investors. Jozef Špirko warned that many companies are struggling on the brink of survival under current conditions. The criticism reflects growing concerns about Slovakia's business climate and economic competitiveness as the government, led by the ruling Smer-SD party of Prime Minister Robert Fico, faces mounting pressure over its handling of economic policy. Slovakia, which joined the eurozone in 2009 and has traditionally relied on foreign investment in manufacturing and automotive sectors, appears to be experiencing challenges in maintaining its appeal to international businesses amid broader economic uncertainties.

SME
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Economy

Eurovea Shopping Center and Bratislava Airport Launch Joint Tourism Initiative

Eurovea shopping and entertainment complex in Bratislava has partnered with Bratislava Airport to attract tourists for the summer season. The waterfront development is promoting itself as a destination for visitors seeking recreational experiences during the summer months. The collaboration aims to capitalize on increased tourist traffic through the airport to drive visitors to the Danube riverfront commercial district.

TASR/Teraz
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Economy

European wholesale gas prices drop 5 percent amid hopes for US-Iran conflict resolution

European wholesale natural gas prices fell by five percent following market optimism about a potential end to tensions between the United States and Iran. The price decline reflects trader expectations that reduced geopolitical tensions in the Middle East could stabilize global energy markets and reduce supply disruption risks in a region that plays a crucial role in global oil and gas production.

SME
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Economy

Slovakia's Volvo Plant to Begin Test Vehicle Production by Early Autumn

Volvo will begin producing test vehicles at its new Slovak manufacturing facility by early autumn, Economy Minister Denisa Saková announced. The minister confirmed that construction timelines are being met for the production facilities as well as supporting logistical and energy infrastructure. The Swedish automaker selected Slovakia for a major manufacturing investment, with the plant representing a significant addition to the country's automotive sector, which already hosts production facilities for several major car manufacturers including Volkswagen, Peugeot, Kia, and Jaguar Land Rover.

TASR/Teraz
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Economy

Abercrombie & Fitch Exceeds Earnings Per Share Expectations Despite Margin Decline

American clothing retailer Abercrombie & Fitch beat earnings per share expectations despite experiencing reduced profitability in the first quarter. The company's operating margin fell to 8% from 9.3% in the same period last year, indicating declining efficiency in converting sales to profits. While the margin compression reflects challenges in maintaining profitability levels, the retailer's earnings per share performance exceeded analyst forecasts, suggesting the company managed costs effectively relative to its share count.

TASR/Teraz
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Economy

Ferrari's First Electric Car Sparks Investor and Fan Backlash

Ferrari unveiled its first electric vehicle on Monday, a model called Luce priced at half a billion euros, triggering sharp criticism from fans and a significant market reaction. The innovative design caused Ferrari shares to drop approximately 7 percent on the stock exchange following the announcement. A former Ferrari director warned that the company risks destroying its legendary status with the electric vehicle venture. Mercedes-Benz experienced a similar negative reaction to its new electric model last week, suggesting broader market skepticism toward traditional luxury automakers' transition to electric vehicles.

Dennik N
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Economy

Austrian Study Finds Renewable Energy Sources Lower Electricity Prices

An Austrian study has found that renewable energy sources significantly reduce electricity prices in the country. According to the research, each additional terawatt-hour of electricity generated from renewable sources decreases the average wholesale electricity price by approximately two euros per megawatt-hour. The findings suggest that expanding renewable energy capacity has a measurable downward effect on electricity market prices, potentially benefiting consumers and businesses through lower energy costs.

TASR/Teraz
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Economy

Slovakia Proposes VAT Law Changes to Modernize Digital Platform Rules

Slovakia's Finance Ministry has introduced amendments to the country's Value Added Tax (VAT) legislation aimed at creating more modern and equitable taxation rules. The proposed changes specifically target digital platforms, seeking to establish fairer conditions for online business operations. The ministry says the new regulations will bring Slovakia's tax framework in line with contemporary digital commerce practices.

SME
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Economy

GreenWay Secures Green Financing to Expand Charging Infrastructure in Central Europe

GreenWay, a Slovak electric vehicle charging company, secured green debt financing of up to 138 million euros to expand its charging infrastructure across Central Europe. The funding will enable the company to build additional charging stations throughout the region as demand for electric vehicle infrastructure continues to grow. GreenWay operates one of the largest networks of fast-charging stations in Central and Eastern Europe, playing a key role in supporting the transition to electric mobility in countries including Slovakia, Hungary, Poland, and the Czech Republic.

SME
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Economy

Slovakia's Economy Ministry Prepares Delayed Energy Efficiency Law Including Data Collection Requirements

Slovakia's Ministry of Economy has prepared a long-delayed draft law on energy efficiency that will introduce new data collection requirements. The proposed legislation addresses both energy efficiency standards and establishes mechanisms for gathering relevant data, though specific details about the scope of data collection or implementation timeline were not disclosed. The delay in preparing this legislation suggests potential challenges in meeting European Union energy efficiency directives, which require member states to implement comprehensive frameworks for reducing energy consumption and improving efficiency across various sectors.

SME
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Economy

Slovak Finance Minister Accused of Tax Amnesty for Major Oil Company

Finance Minister Ladislav Kamenický has been accused of effectively granting a tax amnesty to Slovnaft, Slovakia's largest oil refinery and fuel retailer. Critics characterize the move as preferential treatment for the company, which is owned by Hungarian energy giant MOL. The controversy comes amid broader concerns about tax collection in Slovakia, with opposition politicians and analysts suggesting that non-payment of taxes has become commonplace among major corporations. Slovnaft operates the country's only oil refinery in Bratislava and controls a significant portion of the domestic fuel market, making it a strategically important company for Slovakia's energy security.

SME
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Economy

Chip Boom Pushes Two More Companies Above Trillion-Dollar Mark

Two additional companies have crossed the trillion-dollar valuation threshold amid a global semiconductor boom, bringing the total number of chip-related firms in the world's top ten most valuable companies to six. The surge is driven by extraordinary demand for semiconductors, with companies wanting chips "more than hot pastries on Monday morning," as production struggles to keep pace with orders. Chip prices have climbed steeply throughout the year as manufacturers cannot meet the soaring demand, much of which stems from massive investments by technology companies in artificial intelligence infrastructure. However, critics warn of the market's heavy dependence on AI-related tech investments, cautioning that this spending surge may not continue indefinitely and could pose risks to the sustained growth of semiconductor valuations.

Dennik N
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Economy

Slovakia Ordered to Revise 1.5 Billion Euro Highway Tender for Second Time

Slovakia's highway authority must revise the tender conditions for the largest highway contract in the country's history after regulators found they could discourage qualified companies from bidding. The Public Procurement Office ruled that the 1.5 billion euro tender for the D1 highway section between Turany and Hubová contains potentially discriminatory requirements due to a combination of overly strict qualification criteria. This marks the second attempt to launch the major infrastructure tender. The National Highway Company (NDS) was previously forced to cancel the first version of the tender because its criteria were also deemed potentially discriminatory. The D1 is Slovakia's main highway artery connecting the capital Bratislava with eastern regions of the country. The repeated delays in awarding this critical infrastructure contract highlight ongoing challenges in Slovakia's public procurement system. The Turany-Hubová section is part of efforts to complete the D1 highway, which remains a key priority for improving the country's transportation infrastructure and economic connectivity.

Dennik N
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Economy

Global Stock Markets Show Mixed Performance as Technology Gains and US-Iran Deal Hopes Support Investors

Global stock markets posted mixed results as investors responded to gains in technology sectors and renewed optimism about potential diplomatic progress between the United States and Iran. Seoul's stock exchange recorded the most significant gains among major markets. The mixed trading session reflected ongoing uncertainty in global markets, with technology shares providing support while other sectors showed more varied performance. The prospect of improved US-Iran relations added to investor sentiment, though markets remained cautious overall.

SME
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Economy

Europe Should Have Adequate Aviation Fuel for Summer Season, Says Fraport CEO

Europe will have sufficient aviation fuel supplies to meet demand throughout the upcoming summer vacation season, according to the head of Fraport, the German airport operator that manages Frankfurt Airport and several other European airports. The executive expressed confidence that fuel distribution networks across Europe will be able to secure adequate supplies during the peak travel period. Fraport operates as one of Europe's major airport management companies, handling millions of passengers annually through its network of airports including Frankfurt, one of the continent's busiest aviation hubs.

SME
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Economy

Prievidza Public Transport Company to Build Electric Bus Charging Infrastructure

SAD Prievidza, the public transport company serving the city of Prievidza in western Slovakia, will construct charging infrastructure for electric buses using its own financial resources. The development represents part of ongoing efforts by Slovak municipalities to modernize their public transportation systems and transition to more environmentally friendly vehicles. Prievidza, located in the Trenčín region, joins other Slovak cities that are investing in electric bus technology as part of broader sustainability initiatives in public transport.

TASR/Teraz
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Economy

High Tatras Region Records Over 800,000 Overnight Stays for First Time

The High Tatras region has exceeded 800,000 overnight stays for the first time in its tourism history, marking a significant milestone for Slovakia's premier mountain destination. Polish visitors have now definitively surpassed Czech tourists in the official statistics, representing a notable shift in the region's tourism demographics. The High Tatras, which form part of the Carpathian mountain range along Slovakia's northern border with Poland, are the country's most popular alpine destination and home to its only national park in the high mountains, attracting visitors for hiking, skiing, and mountain tourism throughout the year.

TASR/TerazKorzár
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Economy

Austrian Industrial Activity Accelerates Slightly in May

Austria's manufacturing sector showed modest acceleration in May, with the Purchasing Managers' Index (PMI) rising to 51.7 points from 51.2 points in April. The index, compiled by UniCredit Bank Austria, measures activity levels in the industrial sector, with readings above 50 indicating expansion. The increase suggests continued growth in Austrian manufacturing, though at a measured pace.

TASR/Teraz
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