Slovakia

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

Slovak Industrial Production Grows Substantially

The Slovak Industrial production index (IPI) increased by 13 % in September 2012, compared with September 2011.

November 10, 2012

Czech Republic to Enlarge Nuclear Energy Production

Until 2014, the Czech Republic wants to double the share of nuclear energy production. The Temelin and Dukovany nuclear power plants will be enlarged.

November 9, 2012

Slovak Bond Yields at Record Low

Erste Group successfully placed € 1.25 bn 12-year benchmark Slovak government Eurobond at record low yield of 3.375%. New issue amassed € 2.1 bn order book across 140 investors.

November 8, 2012

CEE Deleveraging Remains Moderate

Austrian, German and Italian banks kept lending to CEE6 (except Hungary) relatively stable. Shifts in foreign capital structure and allocation from private to public sector might pose risks to future growth.

November 8, 2012

Slovakia: Internal Trade Growing Moderately

The Slovakian retail trade sector is shrinking. The wholesale turnover was up by 2.2%

November 7, 2012

Purchasing Power: Austria Ranks 6

Regarding the purchasing power per head, Austria is significantly above the European average of € 12,802.

October 31, 2012

Czech Republic and Slovakia: Nuclear Power Remains Main Energy Source

The Czech Prime Minister Petr Necas and his Slovak counterpart Robert Fico underline that nuclear energy will remain the future technology.

October 30, 2012
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