Spectator on facebook

Spectator on facebook

Brussels has not confirmed euro security

A report from the EU Statistics Office, Eurostat, has revised Slovakia's general government deficit for 2006, increasing it by 0.3 percentage points, the daily Hospodárske Noviny reported on October 23. The new general government deficit for 2006 is 3.69 percent of the GDP, according to Eurostat.

Slovakia's deficit cannot exceed three percent of the GDP if Slovakia wants to enter the eurozone. However, Eurostat did not include the debts of National Highway Company into the deficit yet.

Slovakia expects a deficit of 2.9 percent this year. But if the deficit of the highway company, which could be around 0.2 percent of GDP, was included in this result, Slovakia would not fulfill the Maastricht criteria. The deficit would stand at 3.1 percent of the GDP.

Slovakia would experience a similar situation as Latvia, which had to abandon its plan to introduce euro because of exceeding the limit by 0.1 percent.

-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

Preparation of young journalists lags

Editors and students complain about the lack of practical training at journalism schools and missing links with the realities of the media market.

International students travel to attend world leading universities. So they did in the past.

Raslavice village creates jobs; constructs wellness centre

By using eurofunds and state aid new Mayor of Raslavice Marek Rakoš thus created some 80 jobs in two years.

Fico: We are ready to discuss the 13th salary

The prime minister also presented reasons why Slovakia should be in the EU core.

PM Robert Fico

Meucci: Italy is not going through a catastrophe

Gabriele Meucci has been serving as the Italian Ambassador to Slovakia since January this year. He says that Slovakia is a haven for Italian investors but recently also for Italians coming here to work.

Italian Ambassador to Slovakia Gabriele Meucci