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Slovakia
Slovakia: Public Debt Quota Exceeds 50% of GDP
For the first time since 2000, Slovakia´s public debt level exceeds the 50% threshold.
January 24, 2013
Slovak Unemployment Rate Grows Further
In December, the unemployment quota came at 14.45%. Compared to December 2011, this is an increase by 0.9 percentage points.
January 24, 2013
Slovakia Continues Austerity Measures
Slovak Minister of Economics Tomas Malatinsky underlines that the country must improve its attractiveness for businesses.
January 22, 2013
Fico: „Privatizations Were Our Biggest Mistake“
Slovakia´s Prime Minister Robert Fico thinks that the austerity policy in Europe is the wrong way.
January 21, 2013
Russian Rosatom May Build Nuclear Power Plant in Bohunice
Because of the completion of the Czech nuclear power plants, the Czech energy company CEZ is expected to withdraw from the construction project.
January 19, 2013
Construction Output: Sharp Decrease in Slovenia and Slovakia
In the Euro area, the production in construction was down by 0.4%.
January 17, 2013
Slovakia Wants to Strengthen Co-Operation with Austria
After a meeting between Slovak Prime Minister Robert Fico and President of Austria´s National Council Barbara Prammer, both emphasized their willingness to realize more common projects in future.
January 14, 2013
Fitch: Austrian Banking Industry Depends on CESEE
According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.
January 14, 2013
Slovakia: Inflation Decreases Slightly
In December 2012, a year-on-year inflation reached a value of 3,2 %, in total, core inflation 3 % and net inflation 2,3 %.
January 14, 2013
Slovak Industrial Production Grows
Industrial production index (IPI) increased by 5,2 % in November 2012, compared with November 2011.
January 12, 2013
Slovakia: Turnover Development Positive
Today, the Slovak Statistical Office has published the turnover figures in selected sectors of economy in November 2012.
January 12, 2013
Slovakia: Wages Growing Moderately
In November 2012, compared with November 2011, the average nominal monthly wage increased in most surveyed sectors.
January 11, 2013
Slovakia: Employment Situation Improves Further
In November 2012, compared with November 2011, the employment increased relatively most in selected market services by 11,2 %.
January 11, 2013
Slovakia: Construction Production Decreases Sharply
In November 2012, construction output decreased, year-on-year, by 13,4 % to EUR 479 million. After seasonal adjustment, it was lower by 0,4 % compared with October 2012.
January 11, 2013
Moody´s: Slovak Austerity Plans Not Realistic
According to the U.S. rating agency, the deficit reduction plan may be too ambitious.
January 10, 2013
Slovakia Record Substantial Foreign Trade Growth
In the first eleven months of 2012, exports increased by 11%. Imports were up by 6.4%.
January 9, 2013
Poverty: Romanian and Bulgarian Citizens Most Endangered
Regarding the poverty rate, Bulgaria, Romania, Spain, Greece and Lithuania are significantly above the EU average.
January 9, 2013
Slovakia: Turnover in Internal Trade Decreases
The Development in November 2012 compared with October 2012 was negative. In the first eleven months, the turnover figures showed moderate growth rates on average.
January 8, 2013
CESEE: Construction Industry Shrinks Further
The European research institute Euroconstruct expects a negative development for the construction industry in the CESEE region.
January 5, 2013
Slovakia: Gasparovic Demonstrates Optimism
On the occasion of his traditional New Year´s speech, Slovakia´s President Ivan Gasparovic underlines that the country is able to manage the crisis.
January 3, 2013
Slovakia: Economic Outlook Worsens
The results of business survey and economic sentiment indicator for Slovakia were negative in December 2012.
December 27, 2012
Bank Taxes: RZB Records Costs of € 168m
For Austrian RZB (Raiffeisen Zentralbank), bank taxes in Austria, Hungary and Slovakia come at € 168m. RZB will not leave Hungary, CEO Rothensteiner says.
December 20, 2012
Slovakia: Budget Deficit Comes at 4.6%
This year, the Slovak budget deficit is expected to be significantly beyond the Maastricht criteria.
December 20, 2012
Decreasing Production Output in Slovenia and Slovakia
October 2012 compared with September 2012: Euro area production in construction down by 1.6%.
December 19, 2012
Poland and Hungary to Cut Interest Rates Further
Unlike the Czech Republic, Poland and Hungary still have some downward potential. The inflation rate is still below the base rate.
December 19, 2012
Slovakia´s Economy Performs Well
In the third quarter of 2012, Slovakia's GDP at constant prices increased quarter-on-quarter by 0.6% (seasonally adjusted) and in year-on-year terms by 2.1% (seasonally unadjusted), according to SO SR data.
December 19, 2012
Lithuania and Slovakia Record Biggest Increase in Industrial Production
From October 2011 to October 2012, Industrial production down by 1.4% in euro area.
December 12, 2012
Gasparovic Meets Klaus
The Slovak President Ivan Gasparovic was officially received by his Czech counterpart Vaclav Klaus.
December 11, 2012
Slovakia: Industrial Sector Grows
Today, the Slovak Statistical Office published data on turnover in selected sectors of economy in October 2012. In most industries, turnover is increasing.
December 11, 2012
Slovakia: Real Wages Decline in Selected Industries
Today, the Slovak Statistical Office published data on employment and average monthly wage in selected sectors of economy in October 2012.
December 11, 2012
Slovak Growth Flattens
NBS published the Medium-Term Forecast (MTF-2012Q4). Next year, Slovakia´s economic growth comes at 1.6%, NBS says.
December 10, 2012
Slovak Industrial Production Grows Significantly
Industrial production index (IPI) increased by 8,1 % in October 2012, compared with October 2011. The development was affected by a rise in manufacturing by 8,7 %.
December 10, 2012
Slovak Construction Shows Strong Growth
In October, construction output decreased, year-on-year, by 11 % to EUR 484 million. After seasonal adjustment, it increased by 1 % compared with September 2012.
December 10, 2012
Fiscal Policy: OECD Warns Slovakia
OECD´s Secretary General Angel Gurria calls Slovakia to improve its fiscal efficiency. The tax collection must be professionalized, he says.
December 8, 2012
Slovakia: Strong Increase in Foreign Trade
In September 2012, compared with the corresponding period last year, the total export of goods increased by 9,6 % to EUR 5 616,6 million and the total import by 7,7 % to EUR 5 277,3 million.
December 7, 2012
Slovakia: Tax Revenues Declining
This year, the Slovak government will record a decrease in tax intake by € 230m. Despite higher tax rates, the trend will continue in the next three years.
December 6, 2012
Slovakia: Unemployment Grows
In the third quarter of 2012, the Slovak unemployment quota was up by 0.5 percentage points to 13.7%. At the same time, employment is growing substantially.
December 6, 2012
Slovak Real Wages Declining
Average monthly wage of employee were up by 1.6% in the 3rd quarter of 2012. The Slovak inflation rate comes at 3.7%. As a result, real wages are shrinking.
December 6, 2012
Slovakia: Economic Growth Still Strong
A year-on-year economic growth was recorded in the SR in the third quarter of this year too, however, the dynamics of the growth moderated at constant prices to 2,1 %.
December 6, 2012
Slovakia: Flat Tax Replaced New Tax Model
After nine years, Slovakia abolishes the flat tax. Corporate profit tax was increased from 19% to 23%.
December 5, 2012
Slovakia: Turnover in Internal Trade Decreasing
In October, the Slovak retail trade sector shrank by 1.8%. The wholesale sector still expands.
December 5, 2012
Slovakia: Pessismism Grows Again
The Slovak Statistical Office published the results of business survey and economic sentiment indicator in November 2012. The economic sentiment confidence indicator has reached the lowest level since December 2008.
November 28, 2012
CESEE: Eurozone crisis and Austerity Push Half of the Region into Recession
Export weakness and suppressed domestic demand will push nearly half of the CESEE region into recession this year, including the Czech Republic, Hungary, Slovenia, and nearly all Western Balkan countries.
November 26, 2012
Slovakia: Economy Slows Down
In the third quarter of 2012, Slovakia´s GDP grew by 0.6%. Compared to the previous quarter, the growth rate remained unchanged.
November 19, 2012
Treichl: Austria Should Cooperate with CEE Countries
Erste Group´s CEO Andreas Treichl thinks that CEE countries and Austria should create a model region in Europe like the Scandinavian countries did.
November 16, 2012
„Greece Has No Future in Eurozone“
The Czech President Klaus thinks that the Eurozone could bear a Greek exit without any problems.
November 15, 2012
Slovak Growth Flattens
Slovakia´s GDP still grows substantially, but slower compared to previous quarters. Employment growth stagnates, though.
November 15, 2012
Bank Austria: Subsidiaries in Czech Republic and Slovakia to Merge
Bank Austria´s holding company UniCredit starts a Business Refocusing Program in CEE.
November 13, 2012
Slovakia: Employment and Nominal Wage on the Rise
Employment and average monthly wage in selected sectors of economy in September 2012.
November 12, 2012
Slovakia: Foreign Trade Growing Moderately
Positive foreign trade development in September and over the first nine months of 2012.
November 10, 2012
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