Construction output plunges in January

Construction output in Slovakia fell 21.2% year-on-year in January compared with an 18.2% fall in December, the Slovak Statistical Bureau said in a table of comparative figures on March 9. The principal reason behind the plunge is the decision of the new cabinet of Prime Minister Mikuláš Dzurinda to slash state spending on infrastructure projects like highways and dams, projects undertaken by the former government of Prime Minister Vladimír Mečiar.