Government opts for expensive PPP model for bridge repairs
The Transport Ministry will prepare a tender for a private partner to repair 575 of nearly 1,800 bridges on first‑class roads by the end of January 2026. The Value for Money Unit did not recommend the PPP model for the €2.7bn project, arguing it is far more expensive than traditional state‑funded repairs. The Ministry claims the PPP approach will accelerate work, scheduled for 2028-32. ( forbes.sk )
ZVS Holding massively increasing ammunition capacity
ZVS Holding , jointly owned by the state and Czech CSG (Martin Strnad), launched a €100m line in Dubnica for filling 81–155 mm artillery ammunition. Its annual capacity will increase to 280,000 units, and sales will rise from €120m last year to €218m this year and €333m in 2026. Last October, ZVS Holding launched a €32m line for the production of large-caliber ammunition at its plant in Snina. The company recently signed a €58bn seven-year framework contract with Slovakia for
€136m slovensko.sk portal upgrade more transparent
The IT Ministry first ordered the eGovernment agency Nases to cancel ten tenders worth €136m for the modernization of the slovensko.sk portal and then submitted the project to the Value for Money Unit for review. It thus bowed to pressure from activists and the media, who criticized the project for its lack of transparency. It has not commented on whether it intends to give the project directly to the current operator of the portal, GlobalTel (Ondriš brothers). ( dennikN.sk
Agel to take over Hospital of Brothers of Mercy in financial distress
Agel (Tomáš Chrenek) agreed to take over the Hospital of the Brothers of Mercy in Bratislava, which is in financial distress. This is its 19th hospital in Slovakia, and it had already expressed interest last year. The new owner promised doctors that it would not close any departments or lay off 90 employees, as planned by the previous owner, the Order of Brothers of Mercy. ( postoj.sk , dennikN.sk )
Legal representative to be liable for tax debts
The Finance Ministry is preparing a Tax Code revision that, to curb tax evasion, will allow the tax authority FS to send enforcement orders directly to banks and conduct online auctions of seized assets. It will introduce joint liability for individuals for the actions of companies, including revocation of a driver’s license or seizure of the assets of a legal representative of a tax dodger. ( teraz.sk )
Moody’s affirmed Slovakia’s A3 rating
Moody’s affirmed Slovakia’s A3 rating with a stable outlook. Slovakia has thus maintained unchanged ratings from all three major agencies for a year. Moody’s considers Slovakia’s public debt moderate but rising. It highlighted increasing corruption and rule‑of‑law violations, as well as Slovakia’s dependence on the German economy. Tax hikes are not reducing the public finance deficit. ( aktuality.sk )
adapa expands in Trebišov
German packaging manufacturer adapa plans an unspecified investment to increase the production capacity of its Trebišov plant 2.5 times to 5,000 tons per year, creating 180 jobs. In addition to packaging for food and cosmetic products, it will add packaging for tobacco products using a new Bobst gravure printing machine. The plant has annual sales of €12–13m. ( odpady-portal.sk )
Finax raised €8.4m from investors, is valued at €85m
Investment platform Finax (Ivan Chrenko) raised €8.4m in capital from investors. The transaction, which does not involve a stock‑market listing, valued the company at €85m. The funds will support growth in Slovakia, Poland, and Croatia and expansion into Romania, Bulgaria, and Western Europe. The number of clients rose 15% to 100,000 this year, and assets under management increased 29% to €1.4bn. Revenues for 1H25 rose 26% annually to €3.5m. ( forbes.sk )
Dubai investors to build new district in Bratislava
Transport Minister Jozef Ráž does not plan to select developers for a new district on the site of Bratislava’s river port through a tender but proposes creating joint ventures with the United Arab Emirates, in which the state would put its land. Details about the investors, their plans, or investment amounts are not yet known. The government says that if UAE investors are not interested, it may select developers through a tender. The future of the port should be clear by the
Proxenta struggling in Cuba
Proxenta Cuban Investments (Pavol Kožík) reported a €2.9m profit for 2024, a sevenfold annual increase, but its Cuban biscuit factory is still operating at only half of its planned capacity. Revenues at factory operator Proxcor, in which the Cuban government holds a 49% stake, fell 29% last year to $11.5m. Four years ago, Proxenta raised hundreds of thousands of euros from small investors for the project and promised them a 15% dividend on their original investment in 2026.
