3 min.
Editorial Invest in Slovakia
Get information from a selection of articles from other media. Our summary of each of them will save you time. You'll find news from the worlds of finance, technology, and real estate.
Wooden offices could be built next to Cvernovka. The developer's plans are thwarted by legislation - The developer wants to transform the industrial area on Račianska Street into administrative premises and preserve the industrial spirit of the historic building. The project is also to be the first multi-storey office building made of wood in Slovakia. However, current standards, mainly for fire protection reasons, prevent the building from exceeding five storeys, with the floor of the highest one not exceeding 12 metres in height. The large complex would consist of five office high-rise buildings, which will be complemented by a sixth original building called Zámočnícka dielňa.
FinTech partnerships pave the way to branchless banking - A successful digital bank offers more than just banking in an online package. There is now room for a partnership model between FinTech firms and banks. One party will innovate, create delightful experiences and address the frictions associated with digital channels emerging in financial services. The other in turn will bring its knowledge, experience and assurance to all kinds of mission-critical banking products.
A Slovak woman started a business in Pakistan. Helping to reduce financial inequality - "Technology applied to business can bring about global systemic change," says Vladimíra Briestenská, who co-founded a fintech startup in Pakistan. Only 7 % women have their own bank account there. Neem is a financial partner to technology platforms in both agriculture and healthcare. "You don't have to drive several kilometres to the nearest bank, but if you need to, you can use our platform to, for example, insure your crops or accept payments from customers. Financial health is about quality of life, freedom to make important life decisions, physical, mental and emotional security," he adds.
Unemployment in the euro area is 6.6 %, in the EU it is 6.0 %, in Slovakia we have 6.14 % - The lowest unemployment rate is in the Czech Republic (2.4 %) and the highest in Spain (12.4 %). Average unemployment in the euro area countries and across the European Union is falling. Unemployment in Slovakia is slightly above the EU average and below the average for euro area countries. It has been falling for seven months. The total number of registered jobseekers is at 183 667. The highest number of job vacancies is registered in the Bratislava region (24 929), while the lowest number of vacancies is in the Košice region (3 563).
How banking uses blockchain - Blockchain technology keeps records of transactions between two people in an open, shared ledger. It therefore has the potential to change the way people around the world do business. For example, to save time and make trading more efficient by automating and simplifying manual and paper-based activities. In this article, you will learn 5 ways banking is and can use this technology. Among them is the ability to get funds more easily, pay faster, even go digital and get rid of time-consuming manual work.
Interest in mortgages is plummeting and it's not just higher interest rates that are causing it - This can be attributed to the rising cost of housing loans, rising inflation, and NBS restrictions on the maximum indebtedness of people over 40 years of age. According to Marian Búlik, the volume of new mortgages has fallen "from €3 billion in March to €1.3 billion in July." It is clear from analysts' statements that mortgage rates will not fall next year either.
There are a quarter more offices in Bratislava than 10 years ago. We work from home less than it seems - Despite the current perception of working from home, Eurostat data for last year confirmed that even the pandemic in Slovakia has not sharply increased the proportion of people working from home. It rose to 15 % from 9.5 % in 2019. "The new normal is becoming the hybrid model of working, which is preferred by most companies. We know from tenants in buildings, both established and new, that they need to have their employees on-site at least a few days a week," explains Martin Šmigura. At the end of last year, 91 % companies had a clear vision of office space, up to 60 % of the companies surveyed had no plans to change the leased space this year, 19 % were considering downsizing and 12 % were considering upsizing. The most common requests from tenants include reducing office space occupancy, increasing the number of small conference rooms, and increasing social area space.
Pleasant reading!
