The defense industry's net profit could reach €1bn this year, and a new sectoral tax on the segment could offset next year's revenue shortfall after the financial transaction tax is scrapped, according to a government analysis obtained by daily HN. The sectoral tax could raise €180m if it targeted profits above the 2021-23 average. It is unclear whether the cabinet will introduce the tax; Defense Minister Robert Kaliňák, a friend of CSG owner Michal Strnad, would likely oppos

Schwarz Group (Lidl, Kaufland), Jerónimo Martins (Biedronka) and Dutch Ahold are interested in Tesco's Slovak and Czech stores, the Financial Times reported. Tesco wants to sell them separately from its Hungarian division, with preliminary bids due by the end of September. The chain has about 560 stores and 22,000 employees in the three countries. (dennikN.sk)

Italian automotive supplier Mevis and China's Zhejiang Zhongze Precision Technology will build a plant in Šamorín making battery cell casings for electric cars. They did not specify the size of the investment. The plant is to work with the planned battery factory of China's Gotion in Šurany. Mevis makes car parts in Šamorín and posted revenue of €65m and profit of €1m there last year. (dennikN.sk)

Carmaker Volvo launched its first work shift in Košice and hit the milestone of 1,000 employees, 95% of them Slovaks. It wants to hire another 300 people by the end of the year and double its headcount next year. Series production of electric cars is planned from 2027 at a capacity of 250,000 cars annually. The plant is in talks with the Košice steel mill on possible sheet supplies. (sme.sk)

Slovak entrepreneur Tomáš Halgaš sold his startup Sutro to Swedish platform Lovable. The parties did not disclose the price, and part of his team moves to Lovable along with Halgaš. Sutro spent five years developing a platform that lets users build applications without coding. It marks Halgaš's second exit, after Twitter bought his first startup Sphere in 2021. (forbes.sk)

Slovnaft signed a memorandum with waste company Brantner on supplying waste to a planned incinerator in Bratislava. Brantner is to deliver non-recyclable municipal and industrial waste and also process the ash, from which it can recover up to 95%. It is the third memorandum on the project, after deals with Heneken on extracting aluminum from fly ash and with state-owned MH Teplárenský holding on using the heat. The project cleared its environmental impact assessment in July a

The Košice plant of Japan's Minebea posted net profit of €5.4m in the year through March 2026 after 10% growth in revenues to €159m. It made 16m drive systems for VW, Daimler and Stellantis and employs 700. It opened a €6m development center that will gradually employ 120 engineers. (trend.sk)

Dutch Inalfa Roof Systems opened a €10m development center for automotive roof systems with 100 engineers at CTPark Trnava. Owned by China's BHAP, the company has also run a plant in Krakovany since 2010, with 600 employees and sales of €21m. (forbes.sk)

French Paprec has secured exclusive rights to negotiate the purchase of the Slovak and Czech assets of Danish waste‑management company Marius Pedersen. It also recently acquired the Slovak assets of Austrian waste firm Brantner. (seznamzpravy.cz)

Germany's Evonik confirmed an €80m investment at its Evonik Fermas plant in Slovenská Ľupča. The investment in fermentation-product processing will create 50 jobs once completed in 2028 and expand capacity for active pharmaceutical ingredients. The plant, which employs 260 people, posted revenue of €61.6m and net profit of €2.9m last year. It invested more than €100m four years ago in the world's first industrial production of rhamnolipids. (forbes.sk)