Slovakia’s public finances are starting to resemble Greece before its debt crisis, NBS economists have warned – drawing a response from the finance minister. “Over the past seven years, Slovak public finances have moved from primary surpluses to high deficits, mainly due to rising social spending and public-sector wages,” NBS chief economist Michal Horvath and…
Trade unions in Slovakia have accused supermarket chain Kaufland of undermining workers’ rights, raising concerns over long working schedules, pressure on staff taking family-care leave and the alleged misuse of workplace surveillance, claims the company declined to address in detail while collective bargaining talks continue. Kaufland, a part of Germany’s Schwarz Group, employs more than…
A new Cinnabon venue has opened at the Bratislava’s Nivy bus station, marking the American chain’s first bakery restaurant in the city. The Washington state-based brand is best known for its cinnamon rolls and for choosing high-traffic locations. Its decision to open at the Nivy complex – a bus station combined with a shopping centre…
IKEA’s sole Slovak store in Bratislava is selling up to 4,500 meals a day, making its food division the fastest-growing segment of the business and one of the strongest performers in the retailer’s global network. While widely perceived as a furniture chain, IKEA Slovensko has quietly built a food operation that now ranks first worldwide…
The cost of living in Slovakia ranks among the highest in Eastern Europe. Data from the Numbeo portal, which analyses prices in thousands of cities worldwide, show that Bratislava has become the second most expensive city in the region. In the cost of living index excluding rent, only Prague scores higher. The latest ranking challenges…
Construction of the so-called new Istropolis at Trnavske myto in Bratislava’s Nove Mesto district has begun. On January 28, the developer Immocap launched construction works on the first three buildings: two office buildings and one residential building. The new development is being built on the site of the former Istropolis congress centre, which was demolished…
Slovakia will relaunch its retail government bond programme in March, offering two new bond issues to individual investors with lower yields than last year, the Finance Ministry has said. The state plans to sell up to EUR 400 million worth of bonds, with the option to increase the total to EUR 500 million if demand…