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Economy

FinMin: In Case of Balanced Budget, Economy Would Drop by Almost 6.5 percent

FinMin: In Case of Balanced Budget, Economy Would Drop by Almost 6.5 percent

Bratislava, September 28 (TASR) - If next year's state budget were balanced, the economy would fall by nearly 6.5 percent, people would experience a drop in salaries by 4 percent and the number of the unemployed would swell by 130,000 people, according to a macroeconomic forecast released by

Vasakova: Slovakia Stagnating Partly Due to €40 Billion Investment Debt

Vasakova: Slovakia Stagnating Partly Due to €40 Billion Investment Debt

Slovakia is currently stagnating, and one of the reasons for this is that it invests only little, Vice-premier for the Recovery Plan Livia Vasakova told a news conference on Tuesday at which she presented measures aimed at effectively drawing EU funds.

Odor: Slovakia Files Third Application for €815 mn Payment from RRF

Odor: Slovakia Files Third Application for €815 mn Payment from RRF

Bratislava, September 25 (TASR) - Slovakia is filing its third application for a payment from the EU's Recovery and Resilience Plan (RRF), this time amounting to €815 million, caretaker Premier Ludovit Odor announced at a press conference on Monday. "The recovery plan shows that Slovakia can be a European leader

Odor: Minimum Consolidation at 3% of GDP Required Within Four Years

Odor: Minimum Consolidation at 3% of GDP Required Within Four Years

Bratislava, September 20 (TASR) - Minimum consolidation of public finances in the next four years is required at 3 percent of GDP or 0.75 percent of GDP annually, even though an optimum figure would be closer to 5 percent of GDP, Prime Minister Ludovit Odor announced after a session

Swiss International Air Line to Connect Kosice with Zurich as of March 2024

Swiss International Air Line to Connect Kosice with Zurich as of March 2024

A new airline, Swiss International Air Lines, is coming to Kosice, representatives of Kosice airport and the airline told a news conference on Wednesday.

€470 mn Allocated for Making 6 Largest Emission Producers More Ecological

€470 mn Allocated for Making 6 Largest Emission Producers More Ecological

Almost €470 million from the Modernisation Fund has been allocated to support making U.S. Steel Kosice, Duslo Sala, Mondi SCP, Slovnaft, Rona and Danucem Slovensko more ecological, Environment Minister Milan Chrenko and Economy Minister Peter Dovhun announced at a joint press conference on Tuesday.

Balik: Slovakia Able to Catch Up with Czechs in Science, Research and Innovation

Balik: Slovakia Able to Catch Up with Czechs in Science, Research and Innovation

Prague, August 22 (TASR-correspondent) - If Slovakia wants to be successful, it must support innovation much more - the Czechs invest in this area twice as much as the Slovak Republic, Investments, Regional Development and Informatisation Minister Peter Balik emphasised for TASR after negotiations in Prague, adding that, however, Slovakia