Consolidated debt growth will continue
Next year, the state should spend 38 billion euros, of which 6.4 billion on debt. Amounts that would have caused consternation five years ago are now considered by the Ministry of Finance as a success, as a fundamental consolidation of public finances. “After the governments between 2020 and 2023, we inherited the worst public finances […]
Employees may lose benefits in 2025
From the new year, Slovak companies will face significant changes due to the consolidation of public finances. One of the main factors that will affect the business environment is the introduction of a transaction tax. The move will force firms to look for ways to cut costs and increase efficiency, which could lead to extensive […]
Without Elon Musk, consolidation is just a political dream
Not so long ago, Prime Minister Robert Fico was worried about the overemployment in the public administration. “A 30 percent cut would be absolutely invisible,” he said of the potentially billions in savings. However, political statements and reality are two different things. In the budget for next year, the government is not counting on almost […]
Where will Minister L. Kamenický find the next billions?
Slovak public finances are among the worst in the European Union, and their recovery cannot be achieved in one year. Consolidation package for 2.7 billion the euro, which was scuttled by the parliament, will not be the last. Finance Minister Ladislav Kamenický said that they have a list of other measures. However, he did not […]
Interview with R. Machunk about the budget for next year
The employers rejected the draft budget for 2025. Rastislav Machunka, vice president of the Association of Employers’ Unions and Associations, says that the Minister of Finance listened to their reservations. However, constructive arguments from his side were not heard. What are the association’s biggest objections to the budget? We have fundamental reservations, especially in the […]
Interview with analyst T. Lörincz about consolidation
The whole discussion about the consolidation package was late and fast. Therefore, according to Tibor Lörincz, economic analyst of Tatra Bank, there was no time for an honest analysis of dynamic influences, which also include changes in the behavior of people and companies. He considers the introduction of a new tax on financial transactions to […]
Slovakia is catching up with Europe. Not by growth, but by prices
It took more than three years for the inflation rate in the euro area to return to the European Central Bank’s target. In September, it recorded a drop to 1.8 percent and confirmed that price growth is no longer a problem for the economic bloc. The Eurozone is not a homogeneous economic entity. This also […]
APAZ does not agree with consolidation measures
The Association of Polyclinics and Medical Facilities (APAZ) expresses its disagreement with the adopted consolidation measures in the field of health care. He emphasizes that they will significantly reduce the availability of health care, which will lead to longer waiting times and a deterioration in the quality of care provided. APAZ president Štefan Zelník informed […]
The consolidation package was given the green light in the parliament
The National Council of the Slovak Republic approved the consolidation package from the workshop of the Minister of Finance Ladislav Kamenický, which should bring 2.7 billion euros to the state budget. Of this, almost EUR 700 million is due to the new tax on financial transactions. Thanks to the measures, the deficit of public finances […]
A penalty of 15,000 euros for issuing a pair of euro banknotes
It is Monday, December 22, 2025, the clock shows 12:34. The Christmas shopping rush is just getting started. A customer enters the stationery store in the shopping center. However, the seller turns her away at the door. I’m sorry. He can no longer sell you anything, he announces. I only need wrapping paper for three […]