Government is preparing a €1.5bn (1.1% of GDP) package
The government is preparing a €1.5bn (1.1% of GDP) package with new revenue streams and spending cuts, Finance Minister Ladislav...
U.S. Steel Košice only made €4m last year
U.S. Steel's Košice steel mill reported an EBITDA profit of €4m last year, a paltry sum compared to a net profit of €981m in 2021-22....
Italian mafia is back
Italian national Antonino Vadala is starting up a cattle farm in Beša near Michalovce through his company Prodest. In the past, he was...
€300m subsidy for US Steel Košice may be withdrawn
Previous governments have approved €600m for the U.S. Steel plant in Košice, half from the Modernization Fund and half from the Recovery...
State invests €12m in InoBat
State-run Slovak Investment Holding is investing €12m in InoBat (Marián Boček), which develops batteries for electric vehicles. It thus...
Banks posted a 45% growth in net profit to record €1.2bn
Banks in Slovakia posted a 45% growth in net profit to a record €1.2bn in 2023, NBS reported. Their net interest income rose 27% to...
House prices 30% overvalued, says NBS
Housing prices in Slovakia are 30% overvalued, according to calculations of the central bank NBS. The difference between the fundamental...
Corruption perceiption improved rapidly after Robert Fico left government
Corruption is thriving across the world, according to Transparency International's latest Corruption Perceptions Index. Slovakia's...
OFZ not doing well and considering new plants in Azerbaijan and Egypt
Ferroalloy producer OFZ (Vladimír Klocok) reported a drop in sales from €150m to €50m last year and its losses shot up from €2m to €10m...
Slovak arable land is cheap
Arable land rents in the EU in 2022 ranged from a low of €57 per hectare in Slovakia to €843 in the Netherlands, Eurostat reported. The...
