Parliament approved legislation requiring the Value for Money Unit to assess all the largest state investments. The current coalition had stripped it of this authority, citing efforts to accelerate permitting, but only created the risk of losing Recovery Facility funds. dennikN.sk)

Waste management group Kosit, owned by Wood&Co, secured a €226m loan from Tatra banka and ČSOB, to be used for acquisitions, waste management projects and refinancing of existing debt. One of the projects is an expansion of the waste incineration plant in Košice. Kosit posted revenues of €107m and EBITDA of €29m last year. (odpady-portal.sk)

The net effect of the government's pro-growth measures on the economy will be zero, as the government has completely failed to grasp the seriousness of the economic situation, said Rastislav Machunka of the AZZZ business lobby group. He singled out the absence of tax cuts among the measures. KOZ labor union chief Monika Uhlerová also does not view the proposed measures as pro-growth. Economy Minister Denisa Saková agrees that the measures will have no impact on economic growt

Korean automotive supplier Wia, part of the Hyundai Group, is seeking permits for a €13.1m investment to relocate production of driveshafts and cooling modules for Mercedes-Benz, Hyundai, Kia, and Volvo to a plant in Martin acquired from Danish footwear company Ecco. Production will be moved from its existing facility in Dolný Hričov, where it employs 50 people, with the new site expected to create 150 jobs. A technology center for component development will also be built in

The introduction of the financial transaction tax last year caused a 20% drop in inter-company transactions in Slovakia's payment system, according to fiscal responsibility council RRZ data. Businesses adapted quickly to the new tax, which sets a maximum charge per transaction and thereby incentivizes firms to reduce the number of payments — through consolidating multiple payments or offsetting mutual receivables. This is one reason the tax has yielded less revenue than expec

Slovak residential property prices accelerated to 14.4% annual growth in 1Q, the fastest pace since 3Q22 and the 3rd-highest on record, ŠÚ reported based on land registry data. Prices in Bratislava surged by as much as 20%. Demand for both properties and mortgages is being driven by expectations of rising mortgage rates, and analysts forecast a slower pace of price growth for the remainder of the year. (dennikN.sk)

A survey by staffing agencies Grafton and Gi Group found that 57% of Slovaks feel positive about their jobs, with employers estimating the share of satisfied workers at 59%. The most satisfied employees are those under 29 and workers in services. Some 13% are actively looking for new work, while a further 27% are exploring market options. Young workers are the least likely to be seeking new employment. (sita.sk)

Anti-trust authority PMÚ is reviewing a deal in which Latvian firm Balticovo is acquiring Babičkin dvor (Ján Novák), the country's second-largest egg producer. (antimon.gov.sk) Babičkin dvor has been consistently profitable and posted revenues of €19m in 2024.

The cabinet approved a €24m tax incentive for Danish firm Unomedical's €97m expansion of its Michalovce plant. Once production of insulin infusion sets is launched, the facility will add 221 jobs, bringing its total workforce to 950. (hnonline.sk)

Bob Lesko, a US investor of Slovak descent, is building Tatra AI, a company planning to launch two data centers in western Slovakia this year. Total investment will reach $500m. Both projects already have secured customers: globally operating, financially strong partners. Public institutions will be among the clients. Tatra AI is NVIDIA's cloud partner as the only such company in Central Europe. (forbes.sk)