Slovakia’s economy slowed in 2025, making it harder to reduce the fiscal deficit and stabilise public debt, the International Monetary Fund (IMF) said after completing its annual review of the country. An IMF mission led by Magnus Saxegaard held talks with Slovak authorities from January 14 to 27. In its concluding statement, the Fund said…
Foreign workers are becoming an established part of Slovakia’s economy. More than 135,000 foreigners are now employed across the country, accounting for almost 7% of the total workforce. That share is increasing, particularly in industry, logistics and services, while more foreigners are also appearing in high-skilled professions. According to Grafton Recruitment and Gi Group, the…
Slovakia has a real chance to rank among the leaders in the deployment of small modular reactors (SMRs). The country has suitable sites, expertise and infrastructure to do so. This has been confirmed by a comprehensive feasibility study presented by the dominant electricity generator, Slovenske Elektrarne (SE). “Small modular reactors represent a strategic opportunity for…
After a slower-than-expected 2025, the Slovak economy enters 2026 facing significant cyclical headwinds. Exports will suffer due to high sensitivity to global trade, which continues to weaken under higher tariffs. Domestic consumption and private investment will also be constrained by fiscal consolidation. The baseline scenario therefore points to modest positive growth of around 1% in…
A small German manufacturer that once shifted production to Slovakia as part of its European expansion has exited the country, leaving more than 70 workers in Trencin facing uncertainty. LES Slovakia, the local arm of cable-harness producer LES Langen Electronic Systems, has entered bankruptcy after running into financial difficulties. A Bratislava court began insolvency proceedings…
GymBeam built a regional e-commerce empire from Kosice. Now, after attracting heavyweight investors, it is moving its headquarters to Austria. GymBeam, one of Slovakia’s most successful e-commerce companies, is moving its legal headquarters and key strategic functions to Austria following a major EUR 110-million investment round. The Kosice-founded retailer, best known for fitness supplements and…
Electricity and gas prices for households will increase from January 2026, but the size of the rise will depend heavily on whether a household qualifies for the government’s energy-aid scheme (energopomoc). The regulator says that those receiving support will see only modest changes, while households without state assistance will face significantly higher bills. According to…