SE has new €3.6bn loan, €800m net profit and will launch 4th Mochovce bloc in a year
Power generator Slovenské elektrárne (SE) signed a €3.6bn loan agreement with a syndicate of 20 banks led by UniCredit. The refinancing...
Robert Fico excluded Slovakia from EU defense cooperation
EU leaders discussed the creation of a " coalition of the willing " to strengthen Europe's defense capabilities at a meeting in Brussels...
HB Reavis manages €2.7bn portfolio of commercial properties
HB Reavis (Ivan Chrenko) manages a €2.7bn portfolio of commercial properties in London, Berlin, Warsaw, Bratislava and Budapest,...
Banks posted a 10% drop in net profit to €1.1bn
Commercial banks posted a 10% drop in net profit to €1.1bn last year , the NBS reported. The decline was due to a new tax, 30% on gross...
EU warns of trade wars having no winners
US President Donald Trump imposed 25% tariffs on the import of goods from Canada and Mexico, seeking to reduce fentanyl imports, the...
ECB to cut rates to 2% by summer
As expected, the European Central Bank cut its key interest rates by 0.25 of a point , with its deposit rate falling to 2.75%. Eurozone...
Slovak cinemas had a good year
Slovak cinemas had 5.4m moviegoers last year who paid €38.7m for tickets, according to data from the Union of Film Distributors. In...
Tax breaks for Xinquan Automotive Trim and Conec
The government approved an €8.4m investment incentive (tax break) for a €22m investment by Chinese Xinquan Automotive Trim in a new plant...
Complex VAT system for food
Within the fiscal consolidation, the government not only increased the basic VAT rate from 20% to 23%, but also introduced new VAT rates...
Gretsch Unitas is investing €15m in Nitra
German window and door technology firm Gretsch Unitas is investing €15m in its plant in Nitra. Upon completion of the investment in...