Spectator on facebook

Spectator on facebook

Central bank helping the crown

THE NATIONAL Bank of Slovakia (NBS) yesterday intervened in favor of the Slovak currency, which had dropped to 38.55 SKK/EUR due to the slow progress of talks on the creation of a new government.

The market fluctuated as fears of the formation of a Smer-HZDS-SNS coalition prevailed. On Euro adoption, Smer chairman Robert Fico reiterated yesterday that he will respect the planned deadline for adoption in 2009, provided that it is advantageous for the people.

He also blamed the outgoing government for high inflation, which could delay euro adoption by endangering the fulfillment of the Maastricht criteria.

Bank dealers expect the NBS will continue to defend the Slovak currency. Zdenko Štefanides, an analyst with VÚB bank, believes key interest rates will be raised from 4 to 4.5 percent in July, Pravda wrote.

Compiled by Martina Jurinová from press reports

Top stories

Legitimising fake news

One of Slovakia’s media schools has invited a well-known conspiracy theorist to an academic conference. What does this say about the state of the Slovak media?

Tibor Rostas

Suicide game does not exist and visa-free regime for Ukrainians is not a lie

The Slovak Spectator brings you a selection of hoaxes from the past two weeks.

There is no computer game that makes people commit suicides.

It’s not easy being an ‘alien’ in Slovakia

Are Slovaks scared of foreigners? The stories of those who are trying to make their homes here suggest that ignorance and bureaucratic inertia, rather than fear, cause more problems.

Dealing with state offices may be difficult and time-demanding.

President Kiska uses train for first time Photo

After criticism from coalition MPs for flying and a troublesome car trip, Slovak President Kiska to commute to Bratislava by international train, boarding it in his hometown of Poprad.

President Kiska gets off the IC train in Bratislava.