With the parliamentary elections approaching, Slovakia is facing an unprecedented situation of uncertainty. The elections are held after four challenging years, marked by the murder of the journalist Ján Kuciak and his fiancée Martina Kušnírová, a number of subsequent anti-government protests, and months of revelations of corruption and malignant practices leading to some of the most senior public officials.

Prague, September 11, 2019

On September 10, 2019 ,the first international finale of the Economics Olympiad took place in the Czech national bank in Prague. Slovakia was excellently represented by five students from whom two reached the first two medal positions. High school students undoubtedly proved that despite reports of low financial literacy of Slovaks, there are many exceptionally talented young economists who will not get lost even in international comparison.

Long announced “retail chain tax” is taking its final shape in Slovakia. The law passed the first round of voting in the parliament and is awaiting the second voting in November. The government’s intention is to lower the market power of large international retail chains. Unfortunately, the alleged problems are mostly made-up. Instead, this tax may end up raising the food prices and wrecking havoc in Slovak retail.

Mankind has made unbelievable progress in the last one hundred years. From horse carriages to moon landings, from typhus epidemics to molecular genetics, from conservative patriarchate to gay marriages. One thing does not change though – the suspicion, or even hate towards merchants.

The Institute of Economic and Social Studies (INESS) first introduced its Bureaucracy Index in Slovakia in 2016 to draw the attention to the amount of red tape a small entrepreneur has to overcome on a daily basis just to do business.

Bureaucracy Index was introduced in Slovakia in 2016 by INESS – Institute of Economic and Social Studies, to draw the attention to the amount of red tape a small entrepreneur has to overcome on a daily basis.

This was perhaps the motto for Axel Voss, the EU's copyright rapporteur, who was in charge of preparation and submission of the new European directive on copyright in the Digital Single Market.

The most important figure of the Slovak economy in the last 5 years has been the trend in unemployment. This rate had been decreasing since the first quarter of 2013 and had dropped to almost a half in the first quarter of 2018. The unemployment rate fell from more than 14% to nearly 7%.

There were over 400,000 distrains recorded in Slovakia in 2017. New websites and organizations have emerged to help people in debt. A vast majority of people do not know how much taxes they pay or how much public services cost.