Slovaks’ wages failed to keep pace with inflation in the second quarter of 2026, cutting their purchasing power for the first time in two and a half years. The average gross monthly salary reached EUR 1,707, up by 3.2%, or EUR 53, from a year earlier, the Statistics Office reported on September 2. After inflation…
Kaufland increased its profit in Slovakia to EUR 91 million while employees at the supermarket chain are voting on whether to give their union a mandate to call a strike following a long-running dispute over their first collective agreement. Profit rose from EUR 79 million to EUR 91 million in the financial year from March…
The opposition Freedom and Solidarity (SaS) party plans to submit a bill introducing private foundations to help family businesses pass from one generation to the next without being broken up. “The Slovak economy has reached a period when the first major generation of entrepreneurs after 1989 is ageing and gradually handing their companies over to…
A newer three-bedroom flat costs about 10 or more average annual gross salaries in every Slovak regional capital surveyed, a comparison of property prices and local wages shows. Kosice, Slovakia’s second-largest city, is the least affordable. A newer 70-square-metre three-bedroom flat there costs the equivalent of 12.2 average annual salaries, compared with 11.8 in Bratislava.…
Slovakia has largely exhausted the financial buffer that helped it respond to previous crises and could face much more painful choices when the next downturn comes, the country’s independent budget watchdog has warned. Public debt reached 61.4% of GDP in 2025, well above the level of less than 50% that the Council for Budget Responsibility…
Nearly 2,000 Panasonic workers in Slovakia are set to get a new employer after the Japanese group agreed to sell part of its European business to two investment firms. Midas Atlantic Partners, together with US-based The Najafi Companies, will acquire the European division that includes Panasonic Industrial Devices Slovakia, which operates plants in Trstena in…
Shoppers in Slovakia saw food prices fall by 2.1% in July, the fastest decline in almost a decade. But the respite could prove short-lived, with extreme drought and higher energy and fertiliser costs threatening to push prices back up. The July drop helped slow Slovakia’s overall inflation to 3.3%, its lowest level in a year…