ECONOMIC BRIEFS

Forex reserves fall to $7.0442 billion

Slovakia's total foreign exchange reserves dropped by $9.6 million to $7.0442 billion between November 11 and November 18, reported the central bank on November 20. The decline was due mostly to a $50.3 million fall in the exchange reserves of commercial banks to $4.0924 billion.

Slovakia's total foreign exchange reserves reached a record high of $8.0078 billion on September 16, 1998. The growth was attributed to the pre-election expectations of banks and their clients, who kept payments from foreign countries on their foreign exchange accounts or converted Slovak crowns into foreign currencies.

Get daily Slovak news directly to your inbox

Top stories

How a Catholic charity became a voice for migrants in Slovakia

Religious organisations have added leverage in changing perceptions of foreigners and migrants, says Caritas Slovakia.

Caritas Slovakia's ‘World Without “the Other” – Migration Myths’ campaign educates Slovaks on migration in a fun and artistic way.

Secret votes and public lies

There are uncanny echoes today of Slovakia’s agonies over its choice of chief prosecutor ten years ago.

Dobroslav Trnka (left) and Jozef Čentéš (right), the candidate who was eventually selected by MPs in 2011, never got to take up the post because the then president, Ivan Gašparovič refused to appoint him for reasons that were never clearly explained.

Which are the largest law firms in Slovakia?

For the first time, the ranking also provides an overview in partial categories of law.