An escalating global trade war could wipe out nearly all of Slovakia’s expected economic growth next year and lead to the loss of 20,000 jobs, the country’s central bank warned. New import tariffs introduced by the United States, and retaliatory measures by its trading partners, would push the Slovak economy into a period of pronounced…
Producers associated with the Slovak Association of Bakers, Confectioners and Pasta Makers (SZPCC) have categorically rejected any addition of insect-based products to their products. They have declared that they will not manufacture products containing such ingredients, even if requested by retail chains. The decision was confirmed in a joint resolution agreed at the association’s general…
What starts as a grandmother’s recipe and a love for baking can quickly turn into something much less wholesome. Across Slovakia, the underground trade in homemade cakes and pastries is thriving, particularly in the run-up to holidays like Easter, according to the regional news website My Zilina. While these self-styled artisanal bakers market their goods…
Slovakia’s housing sector is experiencing its sharpest slowdown in years, with the number of newly completed homes falling to its lowest level since 2017, according to fresh data from the Statistics Office. Just over 17,600 homes were finished in 2024, a decline of nearly 16 % compared to the previous year. The downturn was particularly…
Volvo’s next electric SUV remains shrouded in secrecy, with the brand offering little insight into which models will be produced in eastern Slovakia. However, speculation is mounting over what could emerge from its production lines. Initial expectations pointed to two Volvo-branded models. Yet another possibility is gaining traction – one that could see Kosice play…
From March 15, the railway operator ZSSK will introduce a fee when buying train tickets at the ticket office and on trains, with a EUR 1 fee in the case of the former and EUR 3 in the case of the latter, even if a train station does not have a ticket office. The fee…
Spurred by increased sales over the last few years, McDonald’s is planning a huge expansion in Slovakia, with up to 10 restaurants opening a year. The expansion will not be limited to just bigger towns, but is aimed at smaller ones as well. “Specific locations are being selected by a specialised team of experts from…