Spectator on facebook

Spectator on facebook

IN SHORT

EBRD stops supporting new EU members

THE EUROPEAN Bank for Reconstruction and Development (EBRD) has halted support for eight new EU member states, including Slovakia.

According to the Pravda daily, the growing economic health of the new EU members means that the bank can move further east with its support.

"Investments in Slovakia, the Czech Republic, Poland, Hungary, Estonia, Lithuania, Latvia and Slovenia will gradually decrease. Next year we will start shutting down our branches and redirecting the money to states that need it more," said Jean Lumierre, the bank's president.

The EBRD was established 15 years ago to help the former communist states in their transitions to market economies. In Slovakia the bank supported small and medium-sized businesses in particular by providing credit to banks and leasing firms and privatized companies.

Starting in 1992 the bank invested €1.1 billion in Slovakia.

Top stories

No fees bring higher summer roaming

EU regulation raises the volume of roaming calls and data with Slovak mobile operators .

People should pay attention on used data abroad.

Ryanair cancels some flights from and to Bratislava

The Irish low-cost airline publishes full list of cancellations

Irish budget airline Ryanair is believed to be cancelling up to 50 flights every day over the next six weeks because it "messed up" its pilots' holiday schedules.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Biggest Slovak online bookseller buys rival

Martinus.sk bought Gorila.sk's book business, its former owners kept the cafés