ECONOMIC BRIEFS

Forex reserves drop to the lowest level in six years

Foreign exchange reserves (FOREX) of the National Bank of Slovkia (NBS) dropped to US$2.78 billion, their lowest level in the country's six-year history, an NBS spokesman said on April 7. This represents a fall of US$140 million compared to December 31, 1998.

Commercial banks' foreign exchange reserves of $1.56 billion have been cut in half since the beginning of the year. But they have actually rebounded slightly since their "blackest" days in the second week of March, when they fell to $1.51 billion. Collectively, the banks had $4.25 billion in foreign exchange reserves at the beginning of April.

Get daily Slovak news directly to your inbox

Top stories

The mass testing in Nitra.

News digest: Results from weekend nationwide testing still not out

The parliamentary committee recommends one candidate for new police chief. NASA picks a picture by Slovak photographer as its Astronomy Picture of the Day.

1 h
Gábor Grendel (OĽaNO), Juraj Šeliga (Za Ľudí), and SaS MPs Marian Viskupič and Jana Bittó Cigániková.

Matovič government takes after Smer in lawmaking

The second-largest testing scheme of the whole population is underway in Slovakia. Government says they ordered enough vaccines. Layoffs of transnationals in Bratislava.

6 h
PM Igor Matovič (front) and Economy Minister Richard Sulík (back)

Hlas is gaining strength, along with Sulík’s SaS

At the same time, most people think PM Matovič is not managing the coronavirus crisis well.

8 h
US President Joe Biden

Biden really is waking up each morning with the goal of making things better

The new president is old and imperfect, but it's difficult to question his motives.

22 h