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05.12.2019

Retailer Kaufland is relisting Unilever products after a year-long price dispute. Kaufland dropped Unilever products last fall after their HQs failed to agree on price hikes. In Slovakia, Kaufland will return about 30 Unilever products to its shelves...

05.12.2019

Health Minister Andrea Kalavská (Smer) offered to resign after the government withdrew hospital reform, so-called stratification, from parliament on Wednesday. Despite the government’s approval, the reform did not have Smer’s backing, as it will lead...

04.12.2019

The national highway company NDS declared a consortium Todini, Cesty SK and Cedis the winner of its tender to build 4.4 km R3 speedway Tvrdošín-Nižná nad Oravou. Its bid of €59.4m is way below NDS’s estimate of €74m. Consortia led by Hochtief (€62.1m...

04.12.2019

Parliament approved the 2020-22 public finance budget on Tuesday. Seventy eight MPs backed the budget, all MPs of ruling parties plus some independents. The budget plans a 0.5% of GDP deficit for 2020 and zero deficit for 2021-22. The European Commis...

03.12.2019

Norsk Hydro, one of the world’s biggest aluminum producers, plans to cut output by 20% at its majority-owned (55.3%) Slovalco plant in Žiar nad Hronom, citing soft demand and high electricity prices. Penta owns the rest of the shares. The plant has a...

03.12.2019

The anti-trust authority PMÚ okayed the acquisition of five Kika furniture stores in Slovakia by XLCEE-Holding. The latter owns retailers XXXLutz and Möbelix. It seems likely that the Kika stores will be rebranded to XXXLutz, as was done in Czechia....

02.12.2019

Ján Počiatek, who was Finance Minister at the time, took bribes for sending €13m to Radovan Vítek in 2008 and then PM Robert Fico was informed in advance of the sale of emission quotas on which Slovakia lost €47m, shows video of a meeting between Poč...

02.12.2019

The most popular online store in Slovakia is alza.sk (for 38% of Slovaks), followed by mall.sk (36%), Chinese aliexpress.com (16%), martinus.sk (10%) and hey.sk (10%), according to a survey by Ipsos agency. Some 44% of Slovaks shop online several tim...

29.11.2019

Wüstenrot is selling its Czech building saving bank and mortgage bank, according to sources of e15.cz. The sale of its Slovak building saving bank is likely, too, as the recent tightening of rules for state subsidies made the prospects of building sa...

29.11.2019

Patrik Tkáč is set to return among shareholders of energy holding EPH (Daniel Křetínský) in a few days, according to sources of the N daily. In Slovakia, EPH controls eustream, SPP Distribúcia, SSE, Nafta and SE. Two years ago, Tkáč agreed to sell hi...

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