Slovakia — FrontPages.eu

Hypernova owner buys out retail giant for €1.7bn

Get European news in your inbox daily

A short daily digest of the whole continent — or just the countries you care about.

Choose individual countries instead (or as well)

The retail landscape in Slovakia is set for a major change as the owner of Hypernova stores has finalized the acquisition of Tesco's operations in the country for €1.7 billion. This development marks Tesco's exit from the Slovak market, with an economist noting that the sale reflects weakened consumer demand.

In other domestic news, Slovakia has successfully maintained its A-grade credit rating with a stable outlook from the Fitch agency, signaling continued economic stability. The political scene also saw new developments, with recent opinion polls indicating shifts in party support, and six parties forming an alliance to oppose the current Bratislava mayor, while a broader conservative coalition proposed by Milan Krajniak faces difficulties.

Additionally, Prime Minister Robert Fico's use of a private jet for travel to Split has drawn attention, and an e-shop issued a warning to customers about fraudulent copies. Tragically, a family dispute in Nová Baňa escalated into a fatal shooting.

Top stories

Hypernova Owner Acquires Tesco Operations

The retail giant Tesco is exiting the Slovak market, with the owner of Hypernova acquiring its stores in a €1.7 billion transaction. An economist noted that the departure reflects weakened demand in the Slovak retail sector but reassured customers.

Slovakia Maintains A-Grade Credit Rating

Slovakia has successfully defended its A-grade credit rating with a stable outlook, as confirmed by the Fitch agency.

TA3 Slovakia defends another A-grade rating with a stable outlook after a week… ↗

New Poll Shows Shifts in Party Support

Recent opinion polls reveal shifts in the political landscape, with the Hlas party falling to sixth place behind Republika and Igor Matovič's movement. Progressive Slovakia is currently leading ahead of Smer.

Six Parties Form Alliance Against Bratislava Mayor

Six political parties have formed an alliance in Bratislava to oppose the current mayor. Milan Krajniak's broader proposal for a nationwide conservative coalition has not gained full support from all partners.

SME Six parties unite against Bratislava mayor, Krajniak's alliance proposal falters ↗

Varied Shop Hours for All Saints' Day

Retail stores in Slovakia will have varied opening hours on All Saints' Day, with some chains making exceptions while others maintain regular schedules.

TA3 Are shops open on All Saints' Day? Some chains have exceptions, others change… ↗

Debate Over High Public Transport Ticket Prices

High public transport ticket prices are sparking debate, with the Freedom and Solidarity (SaS) party criticizing an "invisible" application, while the ministry defends its effectiveness.

SME High ticket prices spark debate over 'invisible' transport app ↗

Prime Minister Fico's Private Jet Travel to Split

Prime Minister Robert Fico traveled to Split using a private jet, a mode of transport reportedly also used on this route during his previous holidays.