Spectator on facebook

Spectator on facebook


New NBS Governor promises tight monetary policy

Marian Jusko, whom Parliament elected on July 8 as the new governor of the National Bank of Slovakia, told the press that he sees no space for relaxing the central bank's monetary policy. Though the central bank has registered certain macroeconomic improvements, this progress is not significant enough to enable the NBS to loosen its monetary policy.

Jusko takes over the post of NBS Governor from Vladimír Masár, whose term ended on July 29. As the current NBS vice governor, Jusko stressed the importance of the effect of the government's austerity package on the stability of the Slovak economy. Jusko predicted that the recovery effect could be considerable, and would be seen in the positive development of the fiscal deficit and the deficit of the current account of the balance of payments.

Jusko said he did not intend to make any changes in the priorities of the NBS monetary policy. Among the NBS' core tasks, Jusko listed keeping the stability of the Slovak crown exchange rate, regardless of the exchange rate regime, and solving the problems of the Slovak banking sector.

Top stories

Kysuce highway stalled due to missing money

Money is missing to finish the section of highway between Žilina and Poland, stopping the completion of the D3 highway project.

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

Slovak film won Generation Kplus section at Berlinale

The film Little Harbour that won the Crystal Bear – beating movies from many other countries - is the work of (mostly) Slovak women.

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

State insulation falls behind expectations, ministry widens support

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

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