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S&P positive about budget draft

STANDARD & POOR’S ratings agency has said that the government-approved draft state budget for 2007 is a positive signal suggesting that the Slovak cabinet wants to fulfill its commitment to adopt the euro in 2009 as originally planned,.

The agency also warned, however, that risks to public finances remain, the Sme daily wrote.

“Should Slovakia fail to achieve the goal of adopting the euro because of problems in public finances, it could lead to pressure to lower the country’s ratings,” S&P analyst Kai Stukenbrock said.

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).