April - 2020

GDP will fall 9.3% this year

That the Slovak GDP will fall 9.3% this year is the most plausible scenario in the updated NBS prediction. A month ago, a 9% contraction was the most pessimistic scenario, but since then NBS has collected new data from abroad, as well as from eKasa, Skytoll and energy companies. About 45-100,000 jobs will be lost this year, and the government’s measures have saved about 50,000 jobs so far. The public finance deficit will be 6.9-10.3% of GDP this year. Next year, the economy i

Slovenské HDP tento rok klesne o 9,3%

Slovenské HDP tento rok klesne o 9,3%, znie najpravdepodobnejší scenár v aktualizovanej predikcii centrálnej banky NBS. Pred mesiacom bol 9% pokles najhorší scenár, odvtedy ale pribudli nové údaje zo zahraničia, ale aj z eKasy, Skytollu a spotreby energií na Slovensku. Krajina tento rok stratí 45-100.000 pracovných miest, pričom doterajšie vládne opatrenia zachránili prácu 50.000 ľuďom. Deficit verejných financií na tento rok NBS odhaduje na 6,9-10,3% HDP. Budúci rok by mala

Sanagro has abandoned its attempt to acquire the farms of Esin Group

Sanagro (Martin Fedor) has abandoned its attempt to acquire the farms of Esin group of Tomáš Kukučka that would have increased its acreage from 19,000 ha to 31,000 ha. This would have made it the second-largest farm group in Slovakia after Gamota (Anton Zsigó; 65,000 ha). Sanagro says talks on the financial settlement failed. Esin gained notoriety by depriving small farmers of their land, and police have launched a probe into its abuse of farming subsidies. Both companies are

Sanagro odstúpilo od kúpy fariem Esin Group

Sanagro expartnera J&T Martina Fedora odstupuje od kúpy fariem skupiny Esin (Tomáš Kukučka). Podľa Sanagra sa nepodarilo dohodnúť na finančnom vyrovnaní. Sanagro by akvizíciou zvýšilo výmeru pôdy pod svojou kontrolou z 19.000 ha na 31.000 ha. Po firme Gamota (Anton Zsigó; 65.000 ha) by tak bola na druhom mieste medzi farmármi na Slovensku. Esin sa stal známy spormi o pôdu s drobnými farmármi a polícia ho prešetruje pre podvodné čerpanie agrodotácií. Obe firmy sú blízke skupin

Pellegrini wants to push Fico out

“I feel the time has come for a major change in the party,” wrote ex-PM Peter Pellegrini in an op-ed for the HN daily. Although he led the Smer party to a solid election result and is among Slovakia’s most popular politicians, Robert Fico remains party leader and shows no signs of letting Pellegrini take over. Pellegrini warns that if he is not elected leader, he might leave and set up his own party. Smer had planned a congress for December to elect leaders but now it is poss

Most companies would survive 2-3-month crisis

Slovak companies can withstand the current crisis, also thanks to state assistance, if economic activity resumes by the end of May, according to a central bank NBS analysis. Companies from the hospitality, retail, arts, entertainment, and travel sectors will be hit the hardest. If the pandemic lasts longer, many industrial companies will be under pressure, too. If the economy stalls for four months, half of mid-sized and large companies will become insolvent. On the other han

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