Spectator on facebook

Spectator on facebook


Slovak central bank closes Sk45 billion in red

THE NATIONAL BANK of Slovakia (NBS) reported a Sk45.1 billion (€1.37 billion) loss in 2006. The central bank closed 2005 only Sk663 million (€20 million) in the red.

The appreciation of the Slovak currency and monetary policy were behind the widening of the gap.

The NBS bank board decided that the loss would remain uncovered and would be covered by future profits from the central bank and other resources.

The aggregate loss of the Slovak central bank, excluding the 2006 loss, totals about Sk77 billion (€2.3 billion).

The main mission of the NBS is not to generate a profit, but to supervise the monetary stability and financial market, including banks and pension fund management companies.

Top stories

Media are the ultimate frontiers in defending freedom in society today

Miklós Haraszti’s keynote speech at the Budapest award ceremony of the European Press Prize, March 14, 2018.

Enough of Smer, people chanted in streets Video

Government resignation is not enough, the crowd called for early elections. This is how it looked like in Bratislava on March 16.

Fico fell. These are good, not perfect, developments

Unlike Kaczyński’s case there are two other parties in the coalition with Smer who can still bring the government down at any time.

Blog: Slovakia needs its Macron

"For a Decent Slovakia", where next ? Reflections from a Brit living in Slovakia.

For Decent Slovakia, protest in Lučenec on March 9.