Slovakia: EU rules out funding for energy scheme

Slovakia’s new energy aid law, rushed through parliament on October 1, is facing criticism over the government’s plan to fund it. Prime Minister Robert Fico (Smer) announced that the EUR 435-million scheme would be financed with European Union funds, rather than from Slovakia’s state budget. Economy Minister Denisa Sakova (Hlas) backed the claim, saying Brussels…

Slovakia: house price growth slows down

House price growth in Slovakia slowed over the summer, even as mortgage lending returned to pre-rate rise levels. According to the National Bank of Slovakia (NBS), average prices rose by 1.5% between June and August, down from more than 4% in the first quarter. Prices in August were still 12% higher than a year earlier.…

Slovakia: country attracts new Chinese investor

Shenzhen Uniconn Technology, a key supplier to the electric vehicle industry, is building its first European production facility in Kosice. The company will produce contact systems for battery cells, supplying mainly the upcoming Volvo plant in Valaliky, which is scheduled to start operations in late 2026 or early 2027. The government of Robert Fico approved…

Slovakia: Economy Minister unveils new energy aid law

Slovakia’s government has approved a draft law setting out a new framework for household energy subsidies, but critics warn it risks creating the country’s largest ever database of citizens’ personal and financial information. The legislation, passed on September 17, leaves open key questions about who will qualify for support. Economy Minister Denisa Sakova of Hlas…