Slovenské skleníky (Ján Sabol) is investing €19m in tomato greenhouses
Slovenské skleníky (Ján Sabol) is investing €19m in 50,000 sqm of tomato greenhouses in Leopoldov. Sabol’s Exata Group, one of Slovakia’s largest farming operations with 300,000 ha under management, has not previously been active in vegetable cultivation. The greenhouses will be heated using waste heat from the neighboring Enviral biofuel plant, also owned by Sabol. The project will create 50 jobs. ( sme.sk )
Elections are coming, we won’t do anything, Fico admitted
“ Elections are coming, we won’t do anything , our approval ratings are falling,” PM Robert Fico told a meeting with employer groups. He was responding to their proposals for economic‑stimulus measures, including a flat tax (20% rate on both income and VAT), sweeping tax simplification, abolition of the financial transaction tax, and cuts to energy price subsidies and the 13th pensions. The remarks were published by AZZZ head Rastislav Machunka; Fico denied making them. Inter
Slovakia is 4th or 8th poorest country in the EU
Slovakia is the 4th‑poorest country in the EU, if you believe Eurostat purchasing power parity data. GDP per capita in PPP terms as a share of the EU average (nominal GDP data in brackets): 2025 2015 Austria 117 (134) 128 (143) Czechia 92 (76) 89 (58) Poland 81 (59) 70 (41) Hungary 76 (55) 70 (41) Slovakia 75 (60) 78 (53) ( Eurostat , hnonline.sk ) In nominal terms, disregarding purchasing power, Slovak GDP per capita is the 8th‑lowest in the EU and exceeds that of Poland
Pierre Baguette plans a €20m new plant in Sládkovičovo
Pierre Baguette , a producer of baguettes and wraps (Andrej Šmuro and Robert Mego), plans a €20m new plant in Sládkovičovo. It posted net profit of €17.2m on €109.4m in sales in 2024 and will build the plant without bank financing. It is in the early permitting phase and aims to commence production within 18 months of obtaining approvals. Pizza pinsa will be added to the product range. The company employs 600 people and plans to maximize automation at the new facility. ( sme.
Shared service centers still growing in Slovakia
The number of shared‑service centers in Slovakia rose from 65 in 2021 to 80 last year, with headcount increasing from 37,000 to 49,000, FDI agency Sario reported. The centers have so far not been relocating to lower-cost countries, and artificial intelligence has yet to trigger job cuts. They are shifting toward higher value‑added activities, hiring fewer fresh graduates and increasingly seeking specialists. The largest centers are operated by IBM, AT&T, Dell, Henkel, and Am
Tomáš Spuchliak expands in real estate and food
Vosem (Tomáš Spuchliak) is acquiring the ZFP real‑estate fund, with €630m in assets, from the Czech Poliak family. The fund’s Slovak portfolio includes Bory Mall, Forum Poprad, and the Bratislava office buildings Landererova 19 and Blumental. Spuchliak is also in talks to take over an unnamed Bratislava shopping center, two retail parks, and several bakery, flour, and oil‑production plants. He is being financed by the J&T group. Separately, he is selling the indebted Danubi
TAM and Finax have similar yields and fees
Asset manager TAM , part of the Tatra Banka group, generated higher returns for clients in its actively managed funds in 2025, but over a 7‑year horizon its performance is similar to that of passive investment platform Finax (Ivan Chrenko and Juraj Hrbatý), according to Index magazine. Both firms have similar fees; the TER is 1.3% for TAM and 1.4% for Finax (various discounts can reduce it to 1.03%). TAM manages €2.6bn in assets and Finax €1.5bn. ( sme.sk ) When investing di
Szijjártó Sought Putin Meeting to Boost Pellegrini’s Election Prospects
Hungary’s Foreign Minister Péter Szijjártó arranged a meeting between Peter Pellegrini and Russian President Vladimir Putin in Moscow in 2020, according to transcripts of Szijjártó’s phone calls. At Pellegrini’s request, Szijjártó told Russian Foreign Minister Sergey Lavrov that it was “crucially important” for Hungary that the then‑ruling coalition in Slovakia remain in power, and that receiving Pellegrini in Moscow would “greatly help him win the election.” Putin received
Swan to acquire Slovanet
Telecom operator Swan (4ka brand; Ondriš brothers) agreed to acquire smaller competitor Slovanet (Peter Máčaj, Ivan Kostelný, Peter Tomášek, Juraj Kováčik, and Martin Magdolen), sources told Živé.sk . Swan will gain 100,000 fixed‑line internet customers and access to fiber‑optic networks serving 100,000 households. Slovanet has a strong position in both the retail market and among businesses and public institutions. Its revenue rose from €39m to €51m in 2017–24, partly due
Government promises measures to stimulate economic growth
The government is preparing four packages of measures to stimulate economic growth , Finance Minister Ladislav Kamenický said. The first focuses on deregulation. The government also aims to streamline spending and eliminate state agencies. The final area involves changes to taxes and payroll levies, including a possible increase in the basic income tax deduction for individuals. Details will be presented later. The government will maintain 100% bonuses for work on the abolis
