Slovak retail sales increased for the first time in four months in November 2013 rising by 1.3% y/y after a 0.8% annual drop in October, data from the country’s statistics office showed.
The increase was affected mostly by an 8.5% rise in sales of automotive fuels in specialised stores and a 6.7% hike in other household equipment sales in specialised stores.
On a seasonally adjusted monthly basis, November’s retail sales rose 1.1% after remaining flat in October.
Retail sales in the first eleven months of 2013 edged up by 0.1% y/y.
IntelliNews comment: Slovak retail sales witnessed a slight recovery in the first 11 months of 2013 after falling 1% y/y in 2012 reflecting rising real wages which grew by 1.1% y/y in the third quarter of 2013. For full-2013 we do not expect the indicator to post a significant growth given the still high unemployment rate in the country. Slovakia has one of the highest jobless rate in the European Union. It stood at 14.1% in Q3.
An explosion at the site of Austrian OMV’s Baumgarten natural gas hub has interrupted gas transit to Italy, Slovenia and Hungary, the Austrian government’s electricity and gas markets regulator ... more
CEFC, the acquisitive Chinese energy group, and Penta Investments, the closely-held Slovak financial group, are bidding together for Time Warner’s stake in Central European Media Enterprises (CME), ... more
A group of Slovak and Czech oligarchs are reportedly interested in buying regional media and entertainment company Central European Media Enterprises, the Slovak Spectator reported on November 8. ... more