Economic analysts: Fico chose the worst option

A SMER-HZDS-SNS coalition was the worst possible decision for the development of Slovakia's economy, economic analysts are claiming.

Fico has repeatedly stated he respects EU rules on limiting the state deficit, but analysts remain cautious, the Pravda daily wrote.

"This coalition could cause the deficit to grow by as much as 5 percent," Ján Tóth, chief economist with ING Bank, said prior to yesterday's announcement.

Fico has already confirmed the new government will introduce a second reduced VAT rate, which should be "considerably lower" than the current 19 percent, but has not said how his party plans to replace that lost revenue.

Analysts also fear the new government will be less transparent, making its economic policies difficult to forecast.

Compiled by Martina Jurinová from press reports

Get daily Slovak news directly to your inbox

Top stories

News digest: Health care staff still lacking, president asks for amends

Slovakia is preparing to launch the nationwide testing on Saturday morning, but the government admitted they still need hundreds of health care staff. Kotleba violates quarantine and hospitals in the north are full.

The Bratislava Self-Governing Region started testing its staff on October 30.

Testing is impossible to carry out as planned, president says

President Zuzana Čaputová asked the government to reconsider measures for people who do not get tested, many will not get a chance.

President Zuzana Čaputová met with the representatives of the armed forces.

The big test is upon us. What are we to do?

For a foreigner living in Slovakia, there is yet another concern.

Health care professionals still lacking ahead of Saturday's testing

Government avoids mobilisation for now, PM offers an extra bonus to health care professionals who can serve the whole weekend.

Dolný Kubín