Slovakia has yet to earn a single Michelin star, but its fine dining landscape has just received global recognition of a different kind. On June 2, the French gastronomic authority Gault&Millau published its first-ever Slovak edition, awarding coveted “toques” – the guide’s signature chef’s hats – to nearly 150 restaurants across the country, according to…
Last year, eight in 10 tax audits ended with a penalty and an additional tax assessment. Yet despite the rising efficiency of the Financial Administration, the state collected nearly EUR 100 million less through this channel compared to the previous year. The administration focused primarily on value-added tax (VAT), where it recorded the highest number…
In a country grappling with high deficits and mounting pressure to consolidate its finances, Slovakia’s leading employers have unveiled a detailed cost-cutting plan they claim could save the state EUR 6.5 billion – without raising taxes. “Raising taxes is the easy way out of poor fiscal management,” said Republic Union of Employers (RUZ) president Miroslav…
Confidence among European investors in Slovakia is deteriorating for a second consecutive year, with many expressing concern over the country’s economic policy, sluggish demand and a deepening labour shortage, according to a new survey of nearly 100 firms conducted in March. Only 3% of companies rated Slovakia’s current economic situation as good, while 41% described…
At the start of 2025, Slovak households began to feel the full impact of government austerity measures aimed at consolidating public finances. A hike in value-added tax (VAT) and a cut to the child tax bonus have pushed up inflation, further eroding household purchasing power. The anticipated tax increases prompted many families to stock up…
As part of its fiscal consolidation efforts, the Slovak government introduced a tax on sugary drinks and syrups earlier this year. The move has led to a steep rise in prices – by 30% to 50% for soft drinks, and in some cases, syrup and juice concentrate prices have doubled compared to the previous year.…
Slovakia’s housing market is showing renewed strength after two years of decline, though the recovery remains uneven. Property prices stopped falling roughly a year ago, but substantial increases are so far concentrated in economically stronger regions, including Bratislava, Kosice and Trnava. Elsewhere, values are returning to previous peaks more slowly. In the first quarter of…