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ECONOMIC BRIEFS

Five banks fail to meet capital adequacy targets

At the end of September 1998, five Slovak commercial banks failed to meet the 8% limit for capital adequacy set by the central bank. At the end of 1997, four banks did not meet the limit. On aggregate, the capital adequacy of banks in Slovakia went down 0.9% from December 1997 to 9.12%. The National Bank of Slovakia (NBS) released these data in its Q1-Q3 Monetary Report on December 16.

At the end of September, 25 banks, two branches of foreign banks, and nine representations of foreign banks operated in Slovakia.

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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.