Slovakias retail sales fell by 3.4% y/y in March 2011 after remaining flat on the year in February, the statistics office said. The March decline was significantly higher than the 0.1% y/y fall in January and the 2.4% y/y fall in December. All main subgroups posted negative annual changes in March. Sales in non-specialized stores that accounted for 45.3% of total sales volume declined by 3.3% y/y after increasing in January and February. Sales of other goods in specialized stores continued to decline - down by 0.4% y/y to EUR 255.3mn. However, this is an improvement compared to the 1.1% y/y drop in the previous month. The sales of automotive fuels in specialized stores collapsed by 15.7% y/y most probably reflecting the low demand as a result of high prices. Positive development was registered in the sales of household equipment and sales of ICT that have been growing since the start of the year. |
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