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IN SHORT

Central bank keeps key rates on hold

AT A MEETING of its Bank Board on January 30, the central bank decided to leave key interest rates unchanged.

NBS spokesman Igor Barat informed the SITA news wire that the one-day sterilization repo rate was to remain at 3.25% and the one-day refinancing rate at 6.25%. The two-week sterilization repo-rate holds at 4.75%.

The central bank raised interest rates four times last year in its efforts to combat inflation ahead of Slovakia's expected entry to the euro-zone in 2009.

In February and May the increase was 50 basis points, while in July the bank raised the two-week sterilization repo-rate by 50 points and the one-day refinancing repo-rate by 100 points, leaving the one-day sterilization repo rate unchanged. In September the central bank increased rates by 25 basis points.

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Kysuce highway stalled due to missing money

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Road-blocking protest in Povina, Kysuce, demanding completion of highway bypass - February 16.

Slovak film won Generation Kplus section at Berlinale

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Director of Little Harbour, Iveta Grófová, with the Cristal Bear

State insulation falls behind expectations, ministry widens support

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Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak