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24.01.2020

Slovakia ranks 59th of 180 countries in the latest corruption perception index compiled by Transparency International, down two places from 2018 and down five places compared to 2016 when the current government took office. Slovakia scored 50 points...

24.01.2020

László Sólymos (Most-Híd) resigned as Environment Minister. On Wednesday evening, while under the influence, he attacked a restaurant employee, putting it down to a “difficult personal situation.” It is unclear whether he will be replaced in governme...

23.01.2020

In October, the Justice Ministry plans to begin purging inactive companies, about a third of the total 300,000 firms, from the Business Registry. Some businesspeople take this as a chance to save time, money and effort, since the voluntary liquidatio...

23.01.2020

The Bratislava Volkswagen plant will pause production for two days at the beginning of February, shortly after the Christmas 3-week production break, to cope with soft demand. It is not planning any dismissals, as last year, in a collective agreement...

22.01.2020

The state health information center NCZI is reporting inaccurate data on drug consumption, warned the local union of pharmaceutical firms AIFP. The state is then using inaccurate data when setting up its drug policy. Health insurers are not reporting...

22.01.2020

Foreign investors carried out a record number of 59 mergers and acquisitions totaling €1.3bn in Slovakia last year, according to data of CMS, a law firm. The transaction volume was 2.5-times higher annually. The largest deal was the acquisition of CM...

21.01.2020

Czech Transport Minister Vladimír Kremlík was forced to resign after he gave, without any tender, a €16m contract for highway toll online store to Slovak IT firm Asseco CE. Experts say the contract is wildly overpriced. Alza, an online store, says th...

21.01.2020

The Žilina plant of Kia Motors increased its output 3% to 344,000 cars last year, which is the best result since the plant opened 13 years ago. It also made 435,000 engines, 68% of them petrol ones (engine production peaked at 612,900 in 2016; then,...

16.01.2020

Indian company National Engineering Industries acquired bearing maker Kinex, with two plants in Bytča and Kysucké Nové Mesto. The Indian firm employs 3,000 and is part of larger CK Birla Group. The 1,000-strong Kinex with annual sales of €60m is bein...

16.01.2020

The government approved investment stimuli totaling €14m to five companies that plan to create 450 jobs. Kamax Fasteners will get a €5m stimulus for building a €25m fasteners plant in Bardejov. The plant should employ 100 upon production start in 202...

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