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Počiatek: EC's economic prognosis for Slovakia as expected

The Spring Economic Prognosis for Slovakia, published on May 7 by the European Commission (EC), is in line with Slovakia's expectations, Finance Minister Ján Počiatek said on May 8 following an EU Council for Economic and Financial Affairs (ECOFIN) session in Brussels.

According to the EC's prognosis, Slovakia's economic growth should accelerate from 8.3 percent in 2006 to 8.5 percent in 2007, while the unemployment rate should fall to 12.2 percent.

Referring to the proposal for the EU budget for 2008 that the EC submitted last week, Počiatek said that he appreciated the fact that for the first time the largest share of expenditures is set to go to growth and employment, rather than to the traditionally dominant sector of agriculture.

Compiled by Zuzana Vilikovská from press reports
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