Spectator on facebook

Spectator on facebook


Slovak 1998 gross foreign debt totalled $11.8 billion

Slovak total gross foreign debt at the end of 1998 stood at $11.804 billion compared with $11.909 billion at the end of November, the central bank said on March 18. Of this figure, the central bank and the government held $2.407 billion, while commercial banks accounted for $2.66 billion and the corporate sector for $6.633 billion. $4.58 billion of the full year debt figure was short-term debt, about 40% of the total. Between 50 and 60% of the long term debt held by the corporate sector was guranteed by the government.

The 1998 debt figure was almost $2 billion higher than the year before, and over $4 billion up from 1996. In 1999, the NBS expects a drop in foreign indebtedness to $10-11 billion because of a decision by the NBS to abolish the foreign exchange position limit now applied to domestic banks and branches of foreign banks. This measure should decrease the total assets of commercial banks by $2 billion in total.

Top stories

It takes nuts to help Kenyans

Slovakia has provided more than €10 million to the Kenyan people since 2005.

Muruku slum in Naorobi

Lack of experts challenges ICT sector

To maintain the competitiveness, the Slovak government must support digitising the economy and take a positive stance towards the ICT sector, according to experts.

Illustrative stock photo

Our exit from the EU will not weaken our links

The UK has no intention of undermining the stability of the EU, nor do we want to become more distant to our European neighbours, including those here in Slovakia, the ambassador writes.

Flags displayed on a tourist stall, backdropped by the Houses of Parliament and Elizabeth Tower containing the bell know as Big Ben, in London.

Roma civil patrols will continue

The Interior Ministry allocated €10 million for the project.

Roma patrols in Veľká Lomnica.