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BUSINESS BRIEFS

World Bank lends Slovakia $23.5 million

THE WORLD Bank has approved a credit line of $23.5 million for the Slovak Republic. The finances will help the Slovak government reform the social security system. Under this system, the current one-pillar pension system will be reformed into a scheme with several financing pillars. The project also should improve the collection and administration of social security contributions and strengthen the capacities of the Ministry of Labour, Social Affairs, and Family, social security provider Sociálna Poisťovňa, and the National Labour Office. Money from the credit line will be released gradually over a five-year period ending on December 31, 2007.

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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.

Poll: Smer followed by SaS, KDH also in parliament

Had the general election taken place in mid-February, the opposition Freedom and Solidarity (SaS) would place second, and the now extra-parliamentary KDH would get nine seats.

Alojz Hlina took over at the helm of KDH

Woman who urinated on the Quran arrested, awaiting trial

Some observers believe the video might lead to increasing security risks for Slovakia.

The accused woman arrives to the court.