Spectator on facebook

Spectator on facebook

NBS not worried about Eurostat revision

Revised figures on Slovakia's reported state budget to be released by the
European Union's statistical office, Eurostat, should not threaten the country's chances of meeting the Maastricht budget criterion, National Bank of Slovakia (NBS) Governor Ivan Šramko said.

Early estimates indicate that the impact on this year's general government deficit would be 0.2-0.3 percent of GDP, Šramko told a conference called Transition to the Euro in Financial Institutions.

Eurostat demanded that the National Highway Company, the Slovak Television, the Slovak Radio and state hospitals be included in the general government
deficit too. It is expected to issue an official statement on October 22.

According to Šramko, last year's deficit would thus deepen from the current 3.4 percent to about 4.1 percent of GDP. However, meeting of the criterion this year will be decisive for the Euro adoption.

-SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

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.

Poll: Smer followed by SaS, KDH also in parliament

Had the general election taken place in mid-February, the opposition Freedom and Solidarity (SaS) would place second, and the now extra-parliamentary KDH would get nine seats.

Alojz Hlina took over at the helm of KDH

Woman who urinated on the Quran arrested, awaiting trial

Some observers believe the video might lead to increasing security risks for Slovakia.

The accused woman arrives to the court.