Patrícia Krupová, National Bank of Slovakia, University of Economics in Bratislava, Slovak Republic
Karol Macháček, National Bank of Slovakia, Slovak Republic

Type of article: informative article
Pages 47 – 56

Abstract

The year 2025 was a period of profound changes for business entities in Slovakia, driven primarily by the government’s consolidation package. These changes affect almost all areas—ranging from VAT and income tax to new types of taxation and substantial adjustments in levies. There is currently a broad discussion regarding the impact of these changes on various areas, including reduced profits, constraints on investment and growth, price increases for goods and services, and business sustainability and competitiveness. The question of whether these measures are already reflected in the sentiment of Slovak enterprises, can be answered based on the findings from the Survey on the Access to Finance of Enterprises (SAFE) which supplements official statistics by providing a subjective perspective from selected enterprises. Our findings are based on a survey conducted throughout 2025.