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Russian invasion in Ukraine is anticipated to have a major impact on the Slovak economy, reducing the economic growth and putting pressures on budgetary expenditures. 

In March, the Ministry of Finance has revised its prognosis anticipating economic growth to reach 2.1% in 2022 (down from the original forecast of 3.5%). Projections for 2023 stayed unchanged at 5.3%.

The invasion is expected to result in decreasing exports to Russia, lowering demand in the EU. Rising energy prices will translate into accelerating inflation (anticipated to almost double reaching 8.5% in 2022) which will in turn have a negative impact on household consumption.


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Tamila Nussupbekova

Associate | Slovakia


Tamila started her tenure in Colliers International as a member of Research and Advisory team in Almaty, Kazakhstan in September 2014. During the two years spend with the team, she  participated in a number of projects in both public and private sectors ranging from stragey formulation, to market research, concept development, green consultancy and valuation.

In 2016 Tamila  moved to Bratislava, where she  continued her  Colliers journey. She is currently holding a position of a Researcher, responsible for creating and enhancing market intelligence of Colliers  clients, colleagues and community members, generating both internal knowledge flows, and acting as a consultant for external projects.

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