From rising restaurant prices to railway repairs nearing completion, here's a look at some of the latest business news.
Dining Out: A Luxury No More?
Eating out is becoming increasingly unaffordable for many, especially young people in Slovakia. Rising prices have pushed restaurant meals into the luxury category, leading some to take drastic action. "Restaurants are so expensive today that they have become a luxury for us," says one young Slovak, reflecting a sentiment shared by many.
As a result, a growing number of young Slovaks are boycotting restaurants altogether. This consumer action highlights the impact of inflation on everyday life and how people are adapting to changing economic realities. Will restaurants respond by adjusting their pricing strategies?
Railway Repairs: Light at the End of the Tunnel
After what seems like an eternity, repairs to a railway track are finally nearing completion. The project has faced setbacks, including a landslide and other unforeseen issues, but the end is in sight. A possible completion date is set for March 10.
The repairs are crucial for maintaining essential infrastructure. This project underscores the importance of investing in and maintaining transportation networks for economic growth and connectivity. Hopefully, the railway will be back in full operation soon.
Other Business News
In other news, Škoda RS is celebrating its 50th anniversary, and the newest Kodiaq is making waves with its powerful four-cylinder engine. It's been called a vehicle that "lives up to its reputation."
Tragedy struck near Trnava as three recreational cottages burned down within a week, resulting in an estimated quarter of a million euros in damages. The cause of the fires is currently under investigation.
Finally, a legal report commissioned by Cepyme's management deems the statutory change rejected by CEOE as legal, sparking potential legal action from within the SME employers organization.