The Economy Ministry told energy suppliers that state subsidies for household energy prices will continue into 2027, the Association of Energy Suppliers reported. Specific parameters will be announced later. Both the EU and the OECD are urging the government to end the aid, warning that it threatens the state's fiscal position and discourages households from saving energy. Ending the aid in an election year is unlikely, though. Slovenské elektrárne will continue supplying che

Health insurer Dôvera, part of the Penta group, has signed a contract to acquire smaller rival Union from Dutch insurer Achmea. Achmea wants to focus on life and non-life insurance. Dôvera, with annual revenue of €2.6bn, will after acquiring Union (€880m) have only 200,000 fewer clients than its only remaining rival, state-owned VšZP with 2.7m policyholders. The deal puts it on course to become the market leader. The deal will be reviewed by the European Commission rather tha

Slovenské elektrárne expects a gradual decline in profitability despite rising output following the launch of the 4th unit at the Mochovce nuclear plant, due to falling electricity prices, said CEO Branislav Strýček. EBITDA profit will fall from last year's record €1.7bn to €1.4bn this year, with forecasts for 2027-29 pointing to further declines. The company is also raising annual investment from the current €70m per year to €250m (excluding Mochovce). Over the next five yea

Total costs of ownership of an electric vehicle in Slovakia is €0.34/km, versus €0.28 for a combustion-engine car, according to the Ayvens Mobility Guide 2026 study. The study compares TCO over four years and 120,000 km. Slovakia thus offers relatively unfavorable conditions for EVs, mainly due to the absence of state subsidies and incentives. The charging network in Slovakia is relatively dense, but high EV prices result in a low market share of new car sales, a quarter of t

The Imet group (Mikuláš Potoczky) trades in bearings and equipment for the metallurgical industry. It comprises 13 companies, employs 270 people, and generates annual revenue of €50m with EBITDA of €3m. Slovakia accounts for 30% of its business, with the rest spread across the world. The group also has its own production facility in Skalica. Last year it acquired IT firm TatraSoft to strengthen its artificial intelligence capabilities. Twenty years ago it bought a castle in H

Finviz (Juraj Ďuriš, Ivan Klimo and Peter Sandtner) increased net profit 6% to €7m last year, after revenue grew 18% to €11.4m. One of Slovakia's most profitable companies, it provides an analytics platform for visualizing financial data used by both retail and professional investors on global securities exchanges. (sme.sk)

Slovakia's TOP20 defense companies boosted revenue by 60% last year to €1.1bn. The growth rate accelerated sharply after the sector expanded by a third in 2023 and a quarter in 2024. Beyond the largest producers, mid-sized companies such as Kerametal, Glock, ZTS Špeciál, and CSM Industry are also growing fast. Smaller firms are faring worse, with four of the TOP20 posting a loss. Net profit grew "only" 40% to €193m, after rising by half in 2023 and 80% in 2024. Kerametal, whi

The new Business Register Act and an accompanying Commercial Code revision, effective August 17, will make setting up a new company more expensive and complicated. It will no longer be enough to fill out a form available online and have a signature verified at a registry office; the founding deed or partnership agreement will have to take the form of a notarial record or be authorized by an attorney. The fee for setting up a company will rise by half, to €290-320. Registering

Anti-trust authority PMÚ is reviewing a deal in which companies Pharmale and Ostenpharm are each acquiring 13 pharmacies from Farmakol. (antimon.gov.sk) The domestically owned chain originally had 50-60 pharmacies. Unipharma holds a minority stake in both of the new owners.

British retailer Tesco is considering selling its Central European operations, including in Slovakia, the Financial Times reports. The move would see the company refocus on its domestic market after 30 years of trying to build a global empire. It employs 22,000 people and operates 561 stores across Slovakia, Czechia, and Hungary. These three countries generated an operating profit of just £115m last year, while the group's total was £3.2bn. (sme.sk)