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Clusters: Untapped innovation potential

In 2007, there were less than 1,000 people working in the IT industry in Košice, Slovakia’s second largest city, and many young people were leaving it to head either to the west of the country or abroad for...
Bratislava, 08.01.2020 more...
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Wage growth expected to slow down in 2020

Solid economic growth and record-low unemployment has driven a growth in salaries for five years in succession. This year economists have a bleaker outlook, saying wage increases are likely to be significantly...
Prag, 07.01.2020 more...
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Germany seeks talks with Iran to ease tensions

Germany’s foreign minister said Saturday he is hoping for direct talks with Iran, in addition to the country’s European partners and the United Nations, as a way of de-escalating tensions in the Middle East...
Berlin, 06.01.2020 more...
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Croatians to Elect New President in Sunday Run-off

On Sunday, Croatian citizens will find out whether their new head of state is to be the current incumbent, Kolinda Grabar-Kitarovic, or her centre-left rival, former prime minister Zoran Milanovic. Croatian...
Zagreb, 05.01.2020 more...
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Ex-central bank chief: Czechia had a good 2019 but needs to build infrastructure, housing

The Czech economy grew at a healthy pace, the country’s unemployment rate is at the lowest in decades, wage growth remained solid and inflation stayed under control. By most measures, 2019 was a good year for...
Prag, 04.01.2020 more...
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Growth in Slovak Economy Should Slow to 2.3 percent This Year

Growth in the Slovak economy should slow to 2.3 percent this year and reach 2.2 percent next year, according to the Slovak central bank’s (NBS) latest mid-term prediction for the final quarter of this year...
Bratislava, 03.01.2020 more...
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Czechs enjoying must successful period in modern history

In a New Year’s address, Prime Minister Andrej Babiš said that the Czech Republic was currently going through one of the most successful and happy periods in its modern history and was performing confidently...
Prag, 02.01.2020 more...
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Where and when to do grocery shopping around Christmas?

A Sales ban on holidays has been in place for more than two years in Slovakia. The ban concerns only retailers.Therefore, Metro, which is a wholesaler, can afford longer opening hours even at Christmas, as...
Bratislava, 31.12.2019 more...
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Unemployment Rate Down to 4.92 percent in November 2019

The unemployment rate in Slovakia stood at 4.92 percent in November, down by 0.02 percentage points (p.p.) from October, Labour, Social Affairs and the Family Centre (UPSVR) general director Marian Valentovic...
Bratislava, 30.12.2019 more...
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Return to positive interest rates in 2020 unlikely

European Central Bank policymaker Robert Holzmann said the bank was unlikely to be in a position to lift interest rates back into positive territory in 2020, with Brexit likely to be a renewed source of...
Vienna, 28.12.2019 more...
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