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Slovakia in Austria | Slovaks in Vienna | Bilateral Relations

Slovakia: R&D Spendings Low But Increasing

Compared with other countries, Slovakia’s R&D spendings are little but slowly and steadily they are increasing. Among the countries with the highest growth rates of R&D spendings, Slovakia ranks 5th.

April 22, 2013

Schwarzenberg: „Slovenia Joining V4 Would Not Be Efficient“

V4 Foreign Ministers have declared disapprobation of Slovenia joining the group.

April 19, 2013

Moody’s Confirms Bad Outlook for Slovakia

Ongoing difficulties and slow economic growth in Eurozone are the main factors.

April 17, 2013

New Fiscal Rules in EU Six-Pack to Benefit CEE5

New fiscal rules should reduce risk of self-defeating austerity. There is no need for CEE countries to raise taxes if they stick to growth-friendly policies and cap real increase of expenditures below 1%.

April 15, 2013

Slovakia: Barroso and Fico Examine Effective Use of EU Funds

Barroso pointed out his interest in avoiding losses for Slovakia. Experts are supposed to examine the effective use of funds and Slovakia’s financial engagement.

April 9, 2013

Slovakia: US Steel to Keep Producing in Kosice

US Steel and the Slovak government have come to an agreement which allows the steel manufacturer to stay in Eastern Slovakia.

April 8, 2013

Czech President Zeman Wants Slovenia As 5th Visegrad Member

The proposal made by Czech’s president Milos Zeman does not arouse enthousiasm among Slovak citizens.

April 6, 2013

Slovakia: Industrial Production Increases by 4.1 %

Production still driven by the automotive industry. Industrial production in January 2013 increased month-on-month by 4.1%.

April 3, 2013

Slovakia: Economic Sentiment Indicator Increased to 90.4

The three-month moving average of economic sentiment indicator (ESI) increased by 1,8 points to 90,4 compared with the previous month´s value.

March 30, 2013

CESEE: CR More Attractive for FDI Than SK

Foreign investors regard the Czech Republic more attractive than Slovakia.

March 27, 2013

Slovakia: No Improvement in Economic Situation For 2013

Analysts forecast the GDP growth to be less than one percent.

March 26, 2013

Czech Republic: Gazprom to Build New Gas Storage Tanks

Gazprom and MND Group are going to invest € 100m in a gas storage facility near the Austrian border.

March 26, 2013

Slovakia: Fico’s Plans For The Future

In a speech at the congress of the Czech senior opposition Social Democrats (CSSD) on Saturday, Prime Minister of Slovakia, Robert Fico explained his future plans.

March 18, 2013

Slovakia: CPI Remains Constant

In February, compared with January, consumer prices did not change in total. Increase in prices only in Education, Food and Health Industry.

March 14, 2013

Slovak Unemployment Rate on the Rise

In January, compared with January 2012, the employment decreased in five surveyed sectors.

March 14, 2013

Slovak Industrial Sector Continues to Grow

The Slovak Statistical Office has published the turnover figures in selected sectors of economy in January 2013.

March 13, 2013

Andritz Lands Major Contract With Mondi

Andritz to support Mondi’s program for energy optimization and environmental protection with supply of state of the art plants and technologies

March 12, 2013

Slovakia: 3.4 % Increase in Industrial Production

Slovakia's industrial output grew 3.4 percent year-on-year in January, the Slovak Statistics Office (ŠÚ) informed on Monday, March 11.

March 12, 2013

Slovakia: Construction Output Declined by 14.1 %

In January 2013, construction output decreased, year-on-year, by 14,1 % to EUR 206,9 million. After seasonal adjustment, it decreased by 3,3 %, compared with December 2012.

March 12, 2013

Slovakia: Growing Lack of Interest about Occurances in EU

The Slovak population has apparently lost its enthousiasm about EU politics. According to polls, only 40 % say they were interested in the current events.

March 6, 2013

Slovakia: Gross Domestic Product Rose in Q 4 of 2012

Compared to Q 3 of 2012 this means an increase of 0.2 %, by y/y the GDP rose by 2 %.

March 6, 2013

Last Meeting between Klaus and Gasparovic

The Presidents of the Czech Republic and of Slovakia will have a last meeting tomorrow.

March 5, 2013

Slovakia: Retail Trade Shrinks

The Slovak internal trade sector shows mixed results. Turnover in the wholesale segment was up, retail trade was down.

March 5, 2013

Slovakia: Economy Stagnating

On February 22, the European Commission anounced its modifications concerning the annual prognosis of the eurozone’s economic outlook for 2013. While the majority of the countries are in recession, Slovakia’s economy is forecast to grow by 1.1 %

March 4, 2013

Slovakia: Economic Sentiment Improves Slightly

The results of business survey and economic sentiment indicator in February 2013 were published today.

February 28, 2013

Slovakia: Economic Growth Almost Coming to Still-Stand

Growth estimates are lower than predicted by NBS. Export sales lag behind and the domestic economy is in a recession. Opposing parties blame the new labor regulations.

February 27, 2013

Slovakia: Unemployment Rate Reaches All-time High

Prime Minister Fico blames stagnating economy for highest unemployment rate since 2004.

February 27, 2013

Slovakia Transforms Banks into Branches

The draft amendment to the Banking Act will not affect competition, the National Bank of Slovakia said.

February 27, 2013

EU Commission: Austrian Growth Above EU Average

Unlike the Eurozone, Austria will record a positive growth rate this year. Within the EU, the situation is highly different.

February 22, 2013

CESEE Region Still Has Enormous Growth Potential

“CEE growth drivers intact but innovation is needed to start convergence 2.0” Erste Group says.

February 20, 2013

CESEE: Stress of Competition is Growing

CEE significantly more industrialized than euro area (30% vs. 19%) but still needs to catch up in terms of competitiveness.

February 20, 2013

Economic Growth: Baltic Countries Ahead

Euro area GDP down by 0.6% and EU27 down by 0.5%. The CESEE countries show mixed results. Lithuania, Estonia and Latvia have performed best in 2012.

February 14, 2013

Slovak Economy Is Losing Momentum

Flash estimate of Gross domestic product and Total employment in the fourth quarter of 2012: economic growth and employment are declining.

February 14, 2013

Slovakia: Inflation Grows Slightly

In January 2013, a year-on-year inflation reached a value of 2,4 %, in total, core inflation 2,8 % and net inflation 2 %.

February 13, 2013

Slovakia: Tax Intake to Decrease

Despite the higher income tax rates, the Slovak state revenues are expected to fall by € 360m this year.

February 12, 2013

CESEE: Banking Industry Slightly Optimistic

Unlike their counterparts in Central and Eastern Europe, Czech bankers are relatively satisfied with the performance of the domestic banking market.

February 11, 2013

Erste Group Finances Major Slovak Real Estate Project

Erste Group’s Slovak subsidiary co-refinances City Business Centre in Bratislava with EUR 34.5 million.

February 11, 2013

CESEE Office Market Shows Solid Fundamentals

CESEE office market is undergoing a stable development; rental levels remain largely solid in most of the region, Erste Group says.

February 11, 2013

Slovakia: Declining Turnover in Industrial Sector

Turnover was down in most selected sectors of economy in December 2012. The sharpest decrease was observed in the construction industry.

February 11, 2013

Slovakia: Growing Employment in Most Industrial Sectors

The development of employment and average monthly wage in selected sectors of economy has shown a mixed picture in December 2012.

February 11, 2013

Erdogan Praises Slovakia´s Support for Turkey

Turkey´s Prime Minister Recep Tayyip Erdogan has expressed his gratitude to his Slovak counterpart Robert Fico for Slovekia´s support for Turkey´s EU membership.

February 9, 2013

Slovak Construction Fell Massively

In December 2012, construction output decreased, year-on-year, by 16,5 % to EUR 416,9 million. After seasonal adjustment, it was higher by 0,7 % compared with November 2012.

February 8, 2013

Slovakia: Industrial Production Declining

In December 2012, industrial production index (IPI) decreased after a long-term year-on-year growth (since November 2009).

February 8, 2013

Slovak Foreign Trade Grows

In November 2012, compared with November 2011, the total export of goods increased by 9,2 % to € 5 842,7m and the total import by 5,5 % to € 5 527m.

February 8, 2013

Klaus Recommends to Split Eurozone

According to the outgoing Czech President, the separation of the eurozone would be cheaper than maintaining the currency union.

February 7, 2013

CESEE: Economic Outook Brightens Slightly

According to a survey carried out by OeKB (Austrian Clearing Bank), investors in the CESEE region are more optimistic.

February 6, 2013

Slovak Property Market Recovers

For the first time since 2008, property prices were up in the fourth quarter of 2012.

February 6, 2013

Necas Supports Turkish EU Membership

On the occasion of Prime Minister Erdogan´s visit in Prague, his Czech counterpart Necas assured to support Turkey´s candidacy.

February 6, 2013

Slovakia: Economic Sentiment Improves Slightly

Hard data point to a weakening of activity in the fourth quarter, but an improvement in the assessment of production expectations in industry indicates an improved outlook for 2013.

February 4, 2013

Slovakia: Labor Market Puts Pressure on Household Income

The downturn in employment and weak wage developments are putting downward pressure on sales and indicate that the slump in household final consumption will continue.

February 4, 2013