Debt servicing to hit 83 billion Sk next year

In 1999, the debt servicing costs of the Slovak Republic will amount to 83 billion Sk ($2.3 billion). Of this figure, 64 billion Sk will be repayments of loans principals, and the remaining amount in interest. Deputy Premier for Economy Ivan Mikloš announced these figures at a meeting of the Slovak Economic Forum on November 30.

This year, net public sector debt has reached 140 billion Sk ($3.9 billion). In addition to this, an indirect debt of 100 billion Sk will mature in the next few years in the form of FNM (national privatization agency) bonds.

The total foreign debt of Slovakia is $12.2 billion (about 448 billion Sk). The corporate sector's share of this debt is 80%, of which 58% (about 200 billion Sk) are state-guaranteed loans.

Top stories

The Andy Warhol Museum in Medzilaborce, eastern Slovakia.

Weekend: A Slovak artist's song wins a UK award

CNN's story about Bratislava, a plan to create another national park, and top 10 events in Bratislava.


27. jan
Faculty of Management, Comenius University Bratislava

Study program MANAGEMENT in English language

Faculty of Management, Comenius University Bratislava, offers a program Management accredited in the English language.


27. jan
Illustrative stock photo

New car registration fees under fire

Some drivers face paying almost twice as much for registration.


25. jan
Found stone point

Precious finding near Trnava: 40,000-year-old stone point

The stone points of the spears were inserted into a wooden stick, and the joint could be reinforced with a natural adhesive and organic fiber.


23. jan
SkryťClose ad