Spectator on facebook

Spectator on facebook

No more borrowing: NBS

SLOVAKIA will not opt for international borrowing in the next few years, the National Bank of Slovakia(NBS) has said.

The NBS suggested in its first session this year in mid-January that due to positive developments on the domestic bond market, banks in Slovakia would not need international borrowings before 2003.

In that year Slovakia might roll over a maturing issue of foreign currency-denominated government bonds issued in 1998 and therefore may need the help of foreign financial houses.

Slovakia also did not borrow abroad in 2001 thanks to developments on the domestic bond market and increased purchases of crown-denominated state bonds by foreign institutions.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

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.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).