Labor costs rising rapidly
Hourly labor costs were up 4.0% annually in the EU in 2Q, Eurostat reported. They rose fastest in Bulgaria (+13.4%) and slowest in...
Piešťany spa operate at a loss since 2020
The Piešťany spa doubled its losses to €1.6m last year despite a 5% rise in sales to a record €47.3m. It has operated at a loss since...
Slovak companies redirected exports
Slovak exports to the US in the machinery and automotive category were down 38% annually in June, ŠÚ reported. However, Slovak companies...
Cheap flights from Bratislava
In response to Hungarian airline Wizz Air ’s announcement that it is closing its base in Vienna and launching 14 new routes from...
State will pay new high tax on sand and stone
The state plans to introduce a new tax on primary materials in January 2026, set at €1.35 per ton. Slovakia mines 17m tons of stone and...
Labor market cooling down
Some 29% of companies plan to hire in 4Q, while 16% plan job cuts, a regular survey by ManpowerGroup showed. The net labor market index,...
Ivan Kmotrík sold his 50% stake in Crystalgraf
Ivan Kmotrík sold his 50% stake in Crystalgraf , a cardboard packaging maker from Lednické Rovne, to its other shareholder, the glass...
Quarter of startups considering leaving Slovakia
Slovak startups are mostly focused on IT, healthcare, and education. A quarter are considering leaving the country due to poor access to...
Sylex to double sales in five years
Sylex (Dana Synaková), which manufactures fiber optic cable-based sensors, is hiring 100 employees under a contract with a new American...
Slovakia not good for talents
Slovakia ranks 58th out of 69 countries in the latest World Talent Ranking , compiled by Swiss institute IMD, which compares countries'...
