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Economy

Holecek: Slovakia Unlikely to End Up Like Detroit

Holecek: Slovakia Unlikely to End Up Like Detroit

Bratislava, February 16 (TASR) – Car production makes up one-third of Slovakia’s exports and almost half of its industrial production, but there’s no viable alternative to the automotive industry in the country, Automotive Industry Association vice-president Jaroslav Holecek told TABLET.TV on Thursday. “We haven’t managed in 25

Analysts: Inflation Driven by Base Effect in Foodstuffs and Crude Oil

Analysts: Inflation Driven by Base Effect in Foodstuffs and Crude Oil

Bratislava, February 15 (TASR) – The pick-up in inflation in January was mainly propelled by the base effect in foodstuffs and fuels (crude oil), said UniCredit Bank Czech Republic and Slovakia analyst Lubomir Korsnak on Wednesday. Demand-pull inflation also gathered some momentum, whereas regulated prices continued to fall. The Slovak Statistics

Stats Office: Consumer Prices Up by 0.7 percent Y-o-Y in January

Stats Office: Consumer Prices Up by 0.7 percent Y-o-Y in January

Bratislava, February 15 (TASR) – Consumer prices in Slovakia increased by 0.7 percent year-on-year in January, the Slovak Statistics Office announced on Wednesday. Prices increased y-o-y in the following categories in January: in transport – by 4.9 percent; in health care – 4.6 percent; in alcoholic beverages and tobacco, and

Matecna: Same Foodstuffs in Slovakia and Austria Have Different Quality

Matecna: Same Foodstuffs in Slovakia and Austria Have Different Quality

Bratislava, February 14 (TASR) – Laboratory tests have confirmed that the quality of almost half of the same products manufactured by supranational producers is better in Austria than in Slovakia, Agriculture and Rural Development Minister Gabriela Matecna (a Slovak National Party/SNS nominee) told a news conference held on Tuesday with

Statistics Office: Slovakia's GDP Up by 3.1 percent Y-o-Y in 4Q16

Statistics Office: Slovakia's GDP Up by 3.1 percent Y-o-Y in 4Q16

Bratislava, February 14 (TASR) – Slovakia’s GDP in the fourth quarter of 2016 increased by 3.1 percent on an annual basis, according to a preliminary estimate released by the Statistics Office on Tuesday. Seasonally adjusted GDP was up by 2.9 percent year-on-year, while the quarter-on-quarter increase amounted to

Ersek: Presov Bypass Far Too Important for Any Gambles

Ersek: Presov Bypass Far Too Important for Any Gambles

Bratislava, February 13 (TASR) – The opinion expressed by the Finance Ministry’s ‘Value for Money’ team of analysts regarding the approach to addressing traffic woes in Presov is immaterial at this point, said Transport and Construction Minister Arpad Ersek (Most-Hid) at a press conference in Bratislava on Monday. This is

Number of Foreign Staff in Slovakia Doubled in Two Years

Number of Foreign Staff in Slovakia Doubled in Two Years

Bratislava, February 13 (TASR) – Even though the number of foreigners with jobs in Slovakia has almost doubled in the past two years, Slovakia remains a net exporter of labour, an analysis by UniCredit Bank Czech Republic and Slovakia revealed on Monday. According to the Statistics Office, around 150,000 Slovaks