S&P positive on draft budget

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

The agency 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

Slovakia marks 20 years since joining NATO.

Slovakia marks 20 years in the Alliance.


Daniel Hoťka and 1 more
Píšem or pišám?

"Do ľava," (to the left) I yelled, "Nie, do prava" (no, to the right), I gasped. "Dolšie," I screamed. "Nie, nie, horšie..." My Slovak girlfriend collapsed in laughter. Was it something I said?


Matthew J. Reynolds
Czech biochemist Jan Konvalinka.

Jan Konvalinka was expecting a pandemic before Covid-19 came along.


SkryťClose ad