EC: Slovakia ́s real GDP at 2.7% in 2019

bne IntelliNews November 12, 2019

Slovakia's real GDP growth will significantly slow from 4.0% in 2018 to 2.7% in 2019, according to the European Commission (EC) autumn economic prognosis published on November 7.

30 YEARS OF TRANSITION: CEE makes enormous progress but held back by governance issues

Clare Nuttall in Glasgow November 9, 2019

If half of the governance gap between Central Europe and the G7 countries was closed, income convergence would be brought forward by almost a generation, says EBRD chief economist Beata Javorcik in an interview with bne IntelliNews.

30 YEARS OF TRANSITION: The East-West convergence in numbers

Clare Nuttall in Glasgow November 9, 2019

30 years after the fall of the Berlin Wall the new EU members haven’t yet caught up with Western Europe — but they are drawing level with the Southern European states that were battered by the international economic crisis.

30 YEARS OF TRANSITION: A profound crisis of trust in democracy

Denitsa Koseva in Sofia November 7, 2019

Report from the Open Society Foundations reveals a “robust spirit of dissent, and a readiness to challenge those in power” as shown by mass anti-corruption protests in the Czech Republic, Romania and Slovakia.

30 YEARS OF TRANSITION: Central European automakers prepare for an electric future

Clare Nuttall in Glasgow November 6, 2019

Since the first years of the transition period, Central Europe started to emerge as a major manufacturing destination for Europe’s automotive industry. Now the industry is adapting to a new generation of technologies.

Chinese interested to invest in flying car from Slovakia

Nelly Tomchikova in Prague November 6, 2019

Chinese investors might be interested in the flying car of Slovak designer Stefan Klein, as the Slovak News Agency learned at this year's China International Import Expo opened on November 5 in Shanghai.

EBRD: Pace of emerging Europe economic growth slows as global outlook weakens

EBRD in London November 6, 2019

The pace of growth in the EBRD’s emerging economies is slowing on the back of a weaker global economic outlook, and pressure from slower growth in the Eurozone and China, US/Chinese trade tensions and a contraction in world automobile production, acc

Central Europe shrugs off Western Europe’s slowdown

Ben Aris in Berlin November 4, 2019

Western Europe is rapidly sliding into recession, but after a five-year-long boom, Central Europe is holding out.

Czech-Slovak billionaires Kretinsky and Tkac become the largest shareholders in Metro AG

Nelly Tomchikova in Prague November 4, 2019

EP Global Commerce Group (EPGC) of Czech billionaire Daniel Kretinsky and Slovak investor Patrik Tkac increased their share in German retailer Metro AG to 29.99% by acquiring 7.3% of Haniel ́s shares, becoming Metro ́s largest shareholder

Erdogan makes an enemy of VW’s trade unions

bne IntelliNews November 1, 2019

Labour representatives “repudiate approval” of automaker’s plan to build plant in Turkey while violence in Syria continues.

Bratislava in the running to host the Volkswagen Passat plant moved from Turkey

Nelly Tomchikova in Prague October 29, 2019

Slovakia's capital Bratislava might be considered as host to the mooted German Volkswagen Passat production plant that is now looking for a home after the company announced it would not build the €1bn plant in Turkey, sources told German weekly Autom

Slovak tourism posted the highest number of overnight stays since 2006

Nelly Tomchikova in Prague October 24, 2019

Tourism in Slovakia broke a record in August, when hotels and guesthouses reported 2.5mn overnight stays, the most since 2006 when the Slovak Statistical Office started reporting monthly data

Czech companies dominate Deloitte CE Tech Fast 50 — but new destinations emerge

Clare Nuttall in Glasgow October 21, 2019

Ranking of fastest growing CEE tech companies led by Lithuania’s Voltas IT includes 31 new entrants reflecting hyper rapid pace of tech sector development in the region.

Slovakia's unemployment rate up to 5.04% in September

bne IntelliNews October 21, 2019

The unemployment rate in Slovakia was 5.04% in September, up by 0.07 percentage points (pp) month on month, according to the data from the Labour, Social Affairs and Family Centre (UPSVR) published on October 18.

Slovak financial administration uncovered the biggest illegal factory in central Europe

Nelly Tomchikova in Prague October 18, 2019

The Slovak Financial Administration has uncovered the biggest illegal cigarette producing factory in central Europe in Slovakia, according to its press release from October 16.