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.

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

I was in the frontline because it reflected what I felt inside

One of the leaders of the 1989 student movement, Anton Popovič, remembers the fall of the totalitarian regime.

November 21 gathering of students at the Comenius University in Bratislava.

The Velvet Revolution embodies a peaceful change

Professor Ľubica Lacinová remembers her life before and after 1989.

A total of 11 hand-written large-format banners are placed on the facade of the Esterházy Palace of the Slovak National Gallery (SNG)in Bratislava in November 2019. They were created by Tomáš Gažovič as part of a digital project entitled Time-Description 1989 (Čas-opis 1989) and dedicated to the 30th anniversary of the Velvet Revolution

Slovaks live better now than before 1989, statistics show

But many people still yield to myths about the communist regime and nostalgia.

The range of products at shops during the previous regime was significantly smaller than it is today.

Government announces a state mourning for the victims of the crash near Nitra

Flags will be raised at half-mast between 8:00 and 20:00.

A black flag was raised in front of the Government's Office.