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Economy

NBS: GDP to Reach 4 percent This Year and 4.8 percent in 2019

NBS: GDP to Reach 4 percent This Year and 4.8 percent in 2019

Bratislava, June 19 (TASR) – Gross domestic product (GDP) should reach 4 percent in 2018, 4.8 percent next year, and fall back to 4 percent in 2020, reads a mid-term forecast of the Slovak central bank (NBS), which was presented by its vice-governor Ludovit Odor. “Slovakia’s export performance is

Unemployment Rate in Slovakia Down to 5.37 percent in May

Unemployment Rate in Slovakia Down to 5.37 percent in May

Bratislava, June 19 (TASR) – The unemployment rate in Slovakia in May stood at 5.37 percent, down by 0.05 percentage points (p.p.) month-on-month and by 1.98 p.p. year-on-year, TASR learnt from the latest data released by the Labour, Social Affairs and the Family Centre (UPSVaR) on

Experts Lambaste Smer-SD-sponsored Retirement Age Caps

Experts Lambaste Smer-SD-sponsored Retirement Age Caps

Bratislava, June 18 (TASR) – Introducing retirement age caps in Slovakia will increase expenditures for pensions and decrease the level of pensions itself, stated the Finance Ministry’s Institute for Financial Policy (IFP) director Lucia Sramkova at an expert conference on the draft constitutional law on introducing retirement age caps on

Oettinger: I'm in Slovakia to Understand Its Opinions and Requirements

Oettinger: I'm in Slovakia to Understand Its Opinions and Requirements

Bratislava, June 18 (TASR) – I am here in Slovakia to listen to the Slovak side, to understand its opinions and requirements so that we are better able to reach the common goal of adopting the EU budget, EU Commissioner for Budget Gunther Oettinger said following his talks with Vice-premier for

Analysts: Any Return to Slovakia's Original Currency Costly and Painful

Analysts: Any Return to Slovakia's Original Currency Costly and Painful

Bratislava, June 17 (TASR) – A potential return to the original Slovak currency, the Slovak koruna, would be extremely costly and painful for the country’s economy, economic analysts concur, adding that leaving the eurozone would result in a significant devaluation of the currency and put a crimp on economic growth.

Most-Hid Proposes Legalising Home Distillation

Most-Hid Proposes Legalising Home Distillation

Bratislava, June 14 (TASR) – The co-governing Most-Hid party on Thursday unveiled a legislative proposal aimed at legalising the domestic distillation of alcohol for one’s own use, stating that this certainly won’t affect Slovakia’s distillery industry. “There’s a long tradition of distilling spirits from home-grown fruit, but

Premier: Slovak Gov't to Prepare Special Measures for Volkswagen Slovakia

Premier: Slovak Gov't to Prepare Special Measures for Volkswagen Slovakia

Bratislava, June 14 (TASR) – Bratislava-based carmaker Volkswagen Slovakia is the largest private employer in Slovakia, the largest tax payer and one of the most important investors in the country. Given its importance to the Slovak economy, the Government will immediately draw up special measures for this company, stated Prime Minister