Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

Slovakia reports $12.05 billion gross foreign indebtedness in January

Slovakia's gross foreign indebtedness was $12.048 billion at the end January 1999, up from $11.902 at the end of December, 1998.

The official indebtedness of the Slovak government and the central bank was $2.432 billion, while the commercial sector (business entities and commercial banks) accounted for $9.514 billion, Pavol Kyjac of the National Bank of Slovakia (NBS) FOREX Liabilities Department said on May 7.

Kyjac explained the January increase as a result of the new methodology of declaring foreign debt that the NBS had been using since January 1. According to the new method, Slovak crown debts held towards non-residents (banks), government bonds and T-Bills owned by non-residents are included in calculations of Slovakia's foreign debt. The short-term deposit operations of the NBS are also included under the category of short-term foreign debt.

Within the structure of total gross foreign indebtedness, total mid- and long-term foreign liabilities equaled $7.185 billion, while total short-term debt accounted for $4.863 billion.

The total gross foreign debt per capita was $2,236. The share of total short-term debt of the total gross foreign debt of the country equaled 40.37%, down 1.68% in January 1999 compared with December 1998.

Top stories

Slovakia remains unknown in convention business

Ten MICE events in 2017 should bring almost €6.5 million to Bratislava.

The GLOBSEC security forum is one of the regular MICE events in Slovakia since 2005.

Kotleba should be defeated in election, not banned

More constitutional can be less democratic, and it is not clear that it always has the intended result. Perhaps the clearest historical case came with the rise of the Nazis in Germany.

Marian Kotleba

Slovakia to leave NATO is a hoax

The Slovak Spectator brings you a selection of hoaxes that appeared over the past week.

Some peple gathered at Slavin in Bratislava brought ani-NATO banners.

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)