Publicaties

Due to the high export dependence any imposition of import tariffs by the US would have an adverse impact on the sector, especially for Tier 1 businesses.

Payment duration in the Slovakian automotive sector ranges from 45 to 90 days, and the payment experience has been good over the past two years.

Profit margins are rather high in the sector, with most businesses financially resilient enough to cope with minor volatility in demand or commodity prices.

The global economy is in an upswing based on broad-based economic growth and still-low interest rates, but we are reaching a turning point.

Despite the rebound in oil prices economic growth is expected to recover only modestly in 2018 as fiscal consolidation hampers private consumption growth.

Despite the painful short-term effect of rising prices for consumers, in the medium-term the economy should benefit from the IMF-programme related reforms.

Economic expansion has been maintained through robust performance of automotive, aeronautics, chemicals and electronics industries and the tourism sector.

The economic diversification will proceed only slowly, leaving the economy largely dependent on oil revenues and state support for the time being.

Tackling bureaucracy and reforming the tax and subsidy systems are necessary to improve the economic conditions and to reduce the high unemployment rate.

Economic growth is expected to accelerate in 2018 and 2019, due to higher oil prices, stronger external demand and the easing of fiscal consolidation.