The last trace of Presov’s storied liquor-making tradition is fading. Prelika, the city’s final operating distillery and mustard producer, is closing after years of decline, bringing an end to a legacy that began in 1903 with 22 local estate owners. Founded as a cooperative with a sizeable annual output for its time – 34,000 hectolitres…
Slovakia’s labour market, long buoyed by years of economic growth, is now showing signs of strain. After a decade of steadily rising employment, driven by expansion in key sectors, the country is experiencing stagnation – and in some areas, a modest decline, particularly within the private sector. Economists and employers alike point to the twin…
Slovakia ended 2024 with a public finance deficit of 5.3% of GDP – lower than feared, but still among the worst in the European Union and well above the bloc’s 3% ceiling. With debt now nearing 60% of GDP, the country’s long-term fiscal sustainability is in serious question, according to national watchdogs. When Prime Minister…
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…