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Unemployment Not So Bad Yet, But It’s Going to Deteriorate

Unemployment in Slovakia rose by 0.14 percentage points month-on-month in March to 5.19 percent, with employers’ demand for new staff coming to an almost complete standstill, said UniCredit Bank analyst...
Bratislava, 22.04.2020 more...
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Government approves major increase in budget deficit

The Czech government has approved raising the state budget deficit for this year to a record CZK 300 billion in view of the coronavirus crisis. At the end of last month the Chamber of Deputies voted to...
Prag, 21.04.2020 more...
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Sectors and Location Important When Reopening Economy

If economic restrictions in Slovakia are to be gradually eased, we need to have novel coronavirus under control, monitor its spread and continue to observe strict health procedures, Slovakia’s central bank...
Bratislava, 20.04.2020 more...
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Odor: Sectors and Location Important When Reopening Economy

If economic restrictions in Slovakia are to be gradually eased, we need to have novel coronavirus under control, monitor its spread and continue to observe strict health procedures, Slovakia’s central bank...
Bratislava, 17.04.2020 more...
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The Czech economy will survive, but it will be a different kind of economy

The Czech government needs to invest hundreds of billions of crowns to shore up the economy, with the crucial auto industry particularly vulnerable. Measures being taken now will alleviate the unemployment...
Prag, 16.04.2020 more...
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Car manufacturer Hyundai resumes production

Car manufacturer Hyundai in Nošovice, Frýdek-Místek, resumed production on Tuesday after a three week break due to the coronavirus pandemic. It is the first large company in the country to do so. According...
Prag, 15.04.2020 more...
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Government Greenlights Humanitarian Aid for Coronavirus-ravaged Italy

The Government on Tuesday agreed that it’ll provide humanitarian aid to Italy, allocating €250,000 for this purpose. “I consider it a response for a country that finds itself in an immense emergency...
Bratislava, 14.04.2020 more...
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Survey: 56 percent of Slovaks Afraid of Coronavirus & Economic Impact

More than one half of Slovaks are afraid of the novel coronavirus and its economic impact, with women expressing concerns more frequently, especially for the health of their loved ones, according to a survey...
Bratislava, 11.04.2020 more...
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SPPK Points to Gridlock and Food Supply Problems Due to Latest Measures

Slovak Agriculture and Food Chamber (SPPK) spokesperson Jana Holeciova pointed to the gridlock that has taken place as a result of the partial curfew that began as of Wednesday, causing huge problems with food...
Bratislava, 09.04.2020 more...
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Korcok: Fight Against Fake News Can’t Fall to Foreign Ministry Alone

The task of combating the dissemination of disinformation and conspiracy theories can’t rest solely on the Foreign and European Affairs Ministry, but the collaboration must be held among several ministries,...
Bratislava, 08.04.2020 more...
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