Spectator on facebook

Spectator on facebook

Central bank expect higher inflation for 2006-2007

Slovakia's Central Bank (NBS) predicts the end-2006 inflation to reach 3.9 percent and the average inflation rate for 2006 to be 4.4 percent.

According to NBS estimations, in 2007, the consumer price index rise will fall to 2.8 percent and in 2008 to 2.0 percent, news wire TASR wrote.

The bank modified its predictions due to the expectations that consumer energy prices will be rising faster than expected.

In 2006, also steeper increases in foodstuff prices are expected. At the same time, there is a risk that the expected secondary effects and slight shift in economic cycle positions could lead to faster price rises in 2007.

Compiled by Spectator staff from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).