Food delivery market is growing rapidly, with high competition leading to losses
The Slovak food delivery market is growing rapidly, with high competition leading to losses or low profits for providers. Foodora lost...
Spinea posts a huge loss in 2023
Prešov-based maker of bearings for robots Spinea , part of Timken, lost €91.4m last year and its sales fell by 40% to €17.4m. It cut its...
Brussels berates Slovakia for rule-of-law decline
Hungary and Slovakia have the most problems with the rule of law , according to the EU's Annual Rule of Law Report. In both countries,...
Papier mills Mondi SCP and Bukocel are not doing well
The country's largest paper mill, Mondi SCP , 51% owned by the South African Mondi group and 49% by Milan Fiľo, reported a loss of €25.9m...
Slovenské elektrárne will take nuclear fuel from Framatome
Slovenské elektrárne and French Framatome signed a contract for the supply of nuclear fuel for the Jaslovské Bohunice and Mochovce...
Profits surge in ammunition firm VOP Nováky
Ammunition firm VOP Nováky, part of the Czech CSG (Michal Strnad), more than doubled its net profit last year to €48.8m and its sales...
Whirlpool faces back tax bill
The Whirlpool washing machine plant in Poprad has had stable sales of around €300m and a net profit of €10m in recent years. However, it...
Finance Ministry is considering new tax on bank transfers
The Finance Ministry is considering a new tax on bank transfers as a key part of next year's fiscal consolidation, sources told the N...
Slovakia spends the most on public sector salaries among the V4 countries
Slovakia spends the most on public sector salaries among the V4 countries, both as a share of public administration spending and as a...
Belgian bakery chain Le Pain Quotidien coming to Slovakia
Le Pain Quotidien, a Belgian bakery chain with outlets in 20 countries, has announced its expansion into Slovakia. It is already looking...
