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…
Described as a 21st-century standard of rail travel, Slovakia will welcome the new ComfortJet trains in just a few days. Beginning on December 14, the modern sets will operate on the Prague – Bratislava – Budapest line, coinciding with the introduction of the new timetable in Slovakia. Currently, the route is serviced by four international…
Since the outbreak of the Russian full-scale war in Ukraine in February 2022, the Slovak arms industry has been going through a boom period. 2024 saw continued growth – particularly among privately owned manufacturers, while state-owned firms lagged behind. According to the Economy Ministry’s register, more than 170 companies currently hold licences to act as…
The number of Indian citizens working in Slovakia has surpassed the number of Serbian workers, making Indians the country’s second-largest group of foreign employees after Ukrainians. According to data from the Labour Office, more than 9,200 Indians were employed in Slovakia at the end of October – slightly more than the current number of Serbian…
A long-awaited section of the R2 expressway between Krivan and Mytna opened to drivers on November 20, promising quicker journeys across southern central Slovakia and offering a symbolic victory for a government eager to show progress on infrastructure. The 9.1-kilometre segment, which includes Slovakia’s longest and highest bridge – a 4.37-kilometre viaduct towering up to…