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ECONOMIC BRIEFS

Budget spending restraints continue

Finance Minister Brigita Schmögnerová said on July 6 the government had limited spending in the first three quarters of 1999 to 69% of full-year budgeted expenditure.

The government had adopted a 46% limit for the first half of the year, but actually spent 92.211 billion crowns or 47.3% of the 194.9 billion budgeted for the year.

The government is targeting a full-year 1999 state budget deficit at 15 billion crowns, or about two percent of gross domestic product. The deficit reached 7.14 billion crowns in the first half of the year. Recently, new revenue raising measures have been put in place to meet the targets, including an increase in the lower rate of value added tax to 10% from six and a seven percent import surcharge.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.