|Slovakias construction output declined by 7.2% y/y to EUR 359.4mn in April 2011 after a 0.5% y/y growth in the previous month, the statistics office said. The decrease was mainly due to shrinking domestic output that accounted for 96.5% of the total and dropped by 8.1% y/y. The output in the new construction, reconstruction and upgrade segment declined by 7.9% y/y, while the output in the repair and maintenance segment collapsed by 14.1% y/y. The construction works abroad increased by 25% y/y to EUR 20.1mn. Net of seasonal influences, the construction activity went down by 0.3% m/m. The sector is expected to resume growth in 2012 with expectations mainly linked to the plans of the transport ministry to launch a number of construction projects. The construction output declined by 4.6% y/y in 2010 and the number of completed residential units fell by 9.3% y/y.
German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more
Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more
France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more