Electric vehicle sales growing rapidly
New car sales in the EU stagnated at 7.2m units in January–August, according to ACEA. Electric vehicle sales jumped 25%, making up 15.8%...
High taxes reduce economic growth
The Finance Ministry and the central bank NBS presented their macroeconomic forecasts, with both institutions predicting GDP growth of...
Electronic invoices mandatory from 2027
Starting in 2027, companies that are VAT payers will have to use only electronic invoices for domestic payments, under a...
Magna to invest €110m in electric motor components production in Kechnec
The government granted investment incentives worth €8m. Canada’s Magna will receive a €4.2m tax break for a €110m investment in the...
ZKW is hiring instead of firing
Austrian car lighting and electronics firm ZKW plans to hire 150–200 workers at its Krušovce plant by year-end, Labor Minister Erik...
Young Slovaks can not afford own housing, stay with parents
In 2024, young people in the EU left their parents’ homes at an average age of 26.2 years, Eurostat reported. Since 2002, the figure has...
Highly profitable TrustPay (Igor Rintel) rebranded as finby
Slovak online payment platform TrustPay (Igor Rintel) rebranded as finby and secured a Malta license for EU expansion. It will continue...
Slovnaft shrinks its planned waste incinerator
Following criticism from the government, city officials, and activists, Slovnaft cut the planned capacity of its waste incinerator by...
EETS already accounts for 55% of toll collection in Slovakia
The European Electronic Toll Service (EETS), available in Slovakia since March 2024, already accounts for 55% of toll collection, says...
EU will soon deprive Slovakia of Russian oil and gas
The EU drafted its 19th package of sanctions against Russia, which, among other measures, brings forward the ban on Russian gas imports...
