BUSINESS SHORTS

NBS head: Slovakia has best growth prospects

THE GOVERNOR of the National Bank of Slovakia has said that his country has the best growth prospects of any country in the V4 regional alliance, which includes Poland, Hungary and the Czech Republic.

Speaking at a Bratislava finance conference, Ivan Šramko said the Slovak economy would continue to grow in a balanced manner based on rising labour productivity, a falling current account deficit (from 8.6 percent of GDP in 2005 to 4.1 percent in 2008), a 5 percent annual growth in domestic demand, and higher exports due to the country's new auto factories.

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