BUSINESS BRIEFS

State guarantees down

ACCORDING to a report on state debt guarantees that the Slovak government debated on March 29, such guarantees are no longer a serious threat to state finances.

At the end of 2002 the Slovak government was the guarantor on Sk98.9 billion in loans, Sk65 billion (€2.6 billion) of which were classified as risky, according to the ESA 95 methodology.

Between 2003 and 2005, however, the volume of state-guaranteed debt fell to Sk45.2 billion.

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