AGP Executive Report
Last update: 7 hours agoRetail Shake-up: Ahold Delhaize has agreed to buy Tesco’s Czech and Slovak businesses for about €1.2 billion, subject to approval. The deal covers more than 360 stores and 14,000 employees, and would give Ahold its first Slovak presence. Automotive Watch: Slovakia faces uncertainty over Audi SUV production: the Bratislava-made models account for around 30% of the VW plant’s output, and Audi is planning a US factory. Kia, meanwhile, is weighing moving all its EV production to Slovakia. Energy Costs: Economy Minister Denisa Saková urged the EU to coordinate support for households and industry, warning high prices threaten competitiveness and jobs. Household gas was among the EU’s cheapest in Slovakia at €0.06/kWh, though prices rose 6.6% year on year; heating tariffs are set to rise in many municipalities from November. Agriculture: Slovak farm-gate milk prices fell 25% year on year, among the steepest drops in the EU, even as milk collection rose 9.6% in August. Nuclear Industry: Westinghouse has been awarded a front-end engineering and design study for a project in Slovakia.
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