NBS to lower basic interest rate to 3.75 percent in line with ECB

The National Bank of Slovakia (NBS) has lowered its key interest rate from the current 4.25 percent to 3.75 percent as of October 29, NBS spokesperson Jana Kováčová told the TASR newswire on October 28.

29. oct 2008

Poll: Most Slovaks suffer from at least one 'civilization iIlness'

As many as 89.8 percent of Slovaks suffer from at least one so-called 'civilization illness' or are in bad health, according to a poll carried out by the Dicio agency that was published on October 27.

28. oct 2008

Parliament kills bill revoking Mečiar amnesties

Parliament refused on October 28 to move to a second reading a bill by the Conservative Democrats of Slovakia that would revoke the amnesties former Prime Minister Vladimír Mečiar granted in 1998.

28. oct 2008

NBS chief suggests cooperation with DSS in time of financial crisis

Ivan Šramko, governor of the National Bank of Slovakia (NBS), is convinced that the money in private pension fund management companies (DSS) is not endangered by the global financial crisis.

28. oct 2008

Price of agricultural products down 0.6 percent in September

The price of agricultural products fell in September for the first time this year, recording a drop of 0.6 percent year-to-year, the Statistics Office announced on October 27.

28. oct 2008

Petrol prices to drop by 80 hellers, diesel by 50 hellers

As of October 27, petrol prices at Slovak filling stations will drop by another 80 hellers (€0.026) per litre, the Tankovanie.sk Web site wrote. The price of diesel will drop by 50 hellers (€0.016) per litre.

28. oct 2008

Slovak and Czech presidents mark founding of Czechoslovakia

President Ivan Gašparovič travelled to the Czech Republic on October 27 to meet his Czech counterpart Václav Klaus for a commemoration of the 90th anniversary of the founding of the first Czechoslovak Republic, the president's press department told the TASR newswire.

28. oct 2008

Poll: Most Slovaks unaware of when Czechoslovakia was founded

More than half of Slovaks don't know that the first Czechoslovak Republic was founded on October 28, 1918, according to a new poll.

28. oct 2008

NARKS: Real estate market stagnating

The real-estate market in Slovakia has been stagnating for a considerable time, as people have become more cautious due to the financial crisis, Martin Lazík, director of the National Association of Real Estate Agencies of Slovakia (NARKS), told the TASR newswire on October 27.

28. oct 2008

Tomanová: State to make up losses in second pillar

Labour and Social Affairs Minister Viera Tomanová restated on October 28 a warning that deposits in private second pillar accounts managed by private pension funds (DSS) are depreciating as a result of the current global financial crisis.

28. oct 2008

Slota won't head SNS candidate list in 2009 EP elections

Slovak National Party (SNS) chairman Ján Slota won't head the party’s list of candidates for next year's European Parliament elections, but will be atop for local parliamentary elections in 2010, the party agreed at its meeting in Černová (Žilina region) on October 25.

27. oct 2008

Čaplovič to lay wreaths at Masaryk and Štefánik statues in Prague

Dušan Čaplovič, Slovakia's Deputy PM for a Knowledge-Based Society, European Affairs, Human Rights and Minorities, is to visit Prague on October 27-28 to mark the 90th anniversary of the founding of the first Czechoslovak Republic, it was announced on October 26.

27. oct 2008

Slovakia and Hungary to sign new deal on mutual borders

Slovakia is to sign a new agreement with Hungary on the common state border, Alena Koišová from the Interior Ministry press department told the TASR newswire.

27. oct 2008

Foreigners can get certified in Slovak

FOREIGNERS who want to have their knowledge of Slovak certified can register to take an exam at the E-KU Institute of Language and Intercultural Communication in Nitra.

27. oct 2008

Financial crisis results in job cuts

SOME Slovak producers are starting to feel the impact of the global financial crisis. Compressor producer Embraco Slovakia recently chose not to extend 142 temporary employment contracts, the SITA newswire wrote on October 16.

27. oct 2008

Banking rumbles grow louder

ON OCTOBER 17, international rating agency Standard & Poor's revised its outlook on Austria-based Erste Group Bank AG - which owns Slovakia’s largest bank, Slovenská Sporiteľňa - from stable to negative, citing the “impact of increased contagion risk from global macroeconomic pressures building in Central and Eastern Europe and Austria”.

27. oct 2008
BISB students helping in the tree nursery.

Footprints in the forest

NOT ALL teenagers, it turns out, spend their leisure time in front of their TVs and computers eating crisps.

27. oct 2008
Žilina is monitored by cameras operated by the disabled.

Physically disabled work for the police

SIX physically handicapped people in Žilina now have jobs thanks to the city police department, which has hired them to operate surveillance cameras from a control room, the Pravda daily wrote.

27. oct 2008

New LCD lines launched in Voderady

SOUTH KOREAN company Samsung Electronics officially opened its second production site in Slovakia on October 17. Based in the western town of Voderady, the site will bring Samsung’s number of LCD production lines to six by the end of the year. Over time, the plant will have 11 lines with a total annual production capacity of 10 million LCD modules. The company wants to reach full production capacity by 2011.

27. oct 2008

SkyEurope partners with Italian airline

THE FINANCIAL crisis and the increasing costs of running an airline have caused Slovak low-cost carrier SkyEurope to enter into an alliance and business partnership with Italian low-cost airline Myair.com, the Hospodárske Noviny financial daily wrote on October 20.

27. oct 2008
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