Slovak gas consumption rose 4% last year and power consumption stagnated
Slovak gas consumption rose 4% last year to 49,097 GWh after falling nearly a quarter in 2023–24. Consumption by large companies increased already in 2024, likely due to the restart of fertilizer production at Duslo Šaľa, and household consumption also grew in 2025 because of colder weather. Households have little incentive to limit usage, as prices are subsidized by the state. Eleven months into 2025, electricity consumption stagnated at 25,000 GWh under an annual comparis
Tachyum still without an investor
Three months after chipmaker Tachyum (Radoslav Danilák) announced a new $220m investment, the funding has not materialized and the identity of the European investor remains undisclosed. In Slovakia, the company has accumulated payroll‑levy debts since December 2025 and currently owes €150,000. It is seeking additional investors and says it expects to resolve its issues. Its cumulative loss for 2020–24 exceeded €12m, typical for start‑ups. Slovakia provided a €15m loan and th
Slovakia wants high‑speed rail to Prague
Slovakia intends to participate in the high‑speed rail project connecting the capitals of the V4 countries , Transport Minister Jozef Ráž said. His proposal, still under review by the Value for Money Unit, includes a section from the Czech border to Bratislava and branches from Bratislava via Petržalka to Hungary and from Stupava to Marchegg in Austria. A new station is planned in Stupava. The €3.3bn project is scheduled for completion in 2046, with €360m expected to be spent
NDS paid €27m for legal services in arbitration related to Višňové tunnel
The highway authority NDS has paid €27m over six years for legal services in arbitration in Vienna related to the Višňové highway tunnel, Sme calculated. The tunnel was completed by Skanska after the government terminated its contract with Italian firm WeBuild, which then sought nearly €500m in compensation through arbitration. NDS is represented by London‑based Simmons & Simmons and Slovak firm Soukeník‑Štrpka, which have received €16.5m and €12m respectively, with more bil
€40m tender for consulting services
The Interior Ministry launched a €40m tender for consulting services in December. A similar tender in 2020 resulted in an €84m framework contract with six consulting firms. Between 2020 and 2023, the contract was used only minimally as ministries sought to strengthen internal capacities, but between February and July 2024 state institutions ordered €58m in services. The new tender covers strategy, human resources, and data and technology consulting. ( sme.sk )
Managers of branded manufacturers have negative expectations
Managers of branded manufacturers in Slovakia view the past year as relatively positive, but for the first time in eight years their sentiment was worse than in other European countries , according to a survey by branded‑products association SZZV. Its members employ 8,000 people and generate €3bn in annual sales. New and higher taxes have increased cross‑border shopping and boosted the black market. For the first time in eight years, the outlook for the new year is negative:
Alcohol producer Karloff posts solid results
Alcohol producer Karloff (Semaňák family; Tatratea brand) reported an 8% decline in sales to €13.4m in 2024, with net profit falling to €0.6m after an excise‑tax increase prompted stockpiling in 2023. It planned €14m in sales for 2025. It completed a €4m modernization of production in a historic spinning‑mill building in Kežmarok. Exports account for 40-45% of output, and the firm aims to expand in Hungary, Poland, and Germany. It recently sold Torden publishing house, known
Slovak eCommerce sector up 19% in 2025
Turnover of Slovak e‑shops on the Shoptet platform rose 19% to €579m last year. The platform is used by 7,600 Slovak online stores. Orders increased 14% to 6.5m, and the average purchase value rose 5% to €90. Among major categories, online sales of food (+36%), cosmetics, sports, and health products (+30%) grew strongly, while mobile‑phone sales declined. ( finsider.sk )
Slovakia has energy cooperation deal with USA
PM Robert Fico signed a nuclear‑energy cooperation agreement in Washington with US Energy Secretary Chris Wright. The agreement is likely to lead to the construction of a 1,200 MW nuclear unit costing €13-15bn in Jaslovské Bohunice, with Westinghouse expected to supply the technology. A key part of the agreement was Fico’s meeting with US President Donald Trump on Saturday. ( hnonline.sk )
Slovakia has strategic fundamentals in place for deploying small modular reactors
Slovakia has the strategic fundamentals in place for deploying small modular reactors in Jaslovské Bohunice, Mochovce, Vojany, and at the U.S. Steel Košice site, according to a study by US‑based Sargent & Lundy for Slovenské elektrárne. Such reactors do not yet exist, but several companies are developing them. The concept is to manufacture them in a dedicated facility and install them rapidly on site, unlike conventional nuclear plants that take decades to build. SE aims to
