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…
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…