Spectator on facebook

Spectator on facebook


Central Bank lends financial sector 2.5 billion crowns

The National Bank of Slovakia (NBS) intervened on the money market with a refinancing repo tender April 26, lending the banking sector 1 billion crowns for two weeks at 9.26 % annual interest on average. The next day, National Bank of Slovakia (NBS) lent the banking sector an additional 1 billion SKK for two weeks at 9.01 percent p.a. on average. The minimum accepted bid amounted to 8.91 percent p.a. and the ceiling achieved 9.17 percent p.a. Bank bids in the repo tender totalled 1.57 billion crowns.

On April 28, an additional repo tender of 500 million crowns was lent. In the words of dealers, the central bank's intervention was to calm down the atmosphere before the end of the second April evaluation period and psychologically support an auction of government bonds. Prices of crown deposits did not react on the central banks' intervention.

In the April 27 auction of two-year government bonds the Finance Ministry accepted the volume, identical with bids of the banking sector, of 770 million crowns at a single interest yield of 15.8 percent annually.

Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

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