The National Bank of Slovakia (NBS), the country’s central bank, has long been warning about the worsening affordability of housing in Slovakia. This is the result of continuously rising property prices, which real wages have failed to keep pace with. Housing loans and building loans to Slovak households reached EUR 49.4 billion at the end…
Billa Slovakia fell into the red last year, becoming one of the first major retailers to report the adverse impact of the government’s consolidation measures on the country’s consumer sector. The supermarket chain announced a loss of nearly EUR 8 million for 2025, despite boosting revenues by 5% YoY, to EUR 923 million. The result…
Economy Minister Denisa Sakova (Hlas) has finally unveiled the first package of measures aimed at supporting the economy, following six months of negotiations and preparation. With the package published on Monday evening, the public had less than a day to assess the nearly 40 measures. The package was discussed on June 1 by the tripartite…
Slovak coach operator Slovak Lines will launch a new direct service linking central Vienna with Bratislava airport this week, aiming to tap growing demand from Austrian passengers using flights from the Slovak capital. The route, due to start on May 13, will run eight times a day in each direction between Vienna city centre and…
A new study has found that many workers in Slovakia may be earning too little to maintain a decent standard of living, despite recent increases in the minimum wage. Research by the Central European Labour Studies Institute (CELSI) and the Amsterdam-based WageIndicator Foundation estimates that a “decent wage” in Slovakia should now stand at least…
Slovakia is facing one of its most severe droughts in decades, with meteorologists warning that April was the driest since records began in 1881 and farmers increasingly concerned about major crop losses and possible food price increases later this year. Experts from the Slovak Hydrometeorological Institute say exceptionally low rainfall between December 2025 and April…
Until April 24, S&P Global Ratings was the last of the “Big Three” agencies to maintain Slovakia’s credit rating at A+ with a negative outlook, citing lingering concerns over public finances and external economic headwinds. Now, the agency has joined the other two – Moody’s and Fitch Ratings – and downgraded Slovakia by one notch…