Spectator on facebook

Spectator on facebook

IN SHORT

Finance Ministry: IMF bullish on Slovak reforms

IN ITS LATEST country report on Slovakia released on January 11, the International Monetary Fund (IMF) praised Slovakia's reforms, according to Finance Minister Ivan Mikloš.

"These [reforms] enable the achievement of high and sustainable economic growth," said Mikloš at a press conference.

According to the minister, the IMF also lauded Slovakia's improved budget discipline, thanks to which last year's general government deficit should be several tenths of a percentage point lower than projected, the SITA news agency wrote.

In the report, the IMF pointed out that Slovakia's inflation targets for 2006 and 2007 are ambitious. The Slovak crown should have a certain amount of room for appreciation within the ERM II mechanism, but the IMF appealed to authorities to prevent the crown from becoming so strong that it hurts the country's competitiveness.

Slovakia plans to reduce inflation to below 2.5 percent this year and below 2 percent in 2007.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovak healthcare needs thousands of medical workers

Slovak doctors, nurses and midwives are not hesitating in finding better work conditions abroad.

Illustrative Stock Photo

Fight with traffickers thwarted online sale of hockey tickets

The algorithm not only prevented traffickers but also ordinary fans from buying tickets.

Waiting for tickets in Košice

Spectacular Slovakia #3: Unexpected hiking (Enjoy Bratislava's greenery) Audio

In Slovakia, you can hike in the capital city. Listen to the latest episode of our travel podcast to find out more.

Institutions can be quickly destroyed, but they are hard to build

Head of the To Dá Rozum intiative, Renáta Hall, talks about the impacts of a dispute between the academy of sciences and the Education Ministry.

Renáta Hall