ECONOMIC BRIEFS

Finance Minister receives IMF mission

Finance Minister Brigita Schmögnerová received a mission of the International Monetary Fund (IMF) led by Emmanuel Zervoudakis on November 20. The IMF has been visiting Slovakia since November 11, and Zervoudak acquainted Schmögnerová with the IMF's misgivings regarding the 1998 state budget and the provisional budget for the first quarter of 1999.

The 1999 state budget deficit, said Zervoudak, will reflect Slovakia's increased costs of debt servicing as well as zero revenues from the import surcharge that was cancelled on October 1.

The mission representatives also stressed the need to cut in half the country's current account deficit of 10 - 11%, saying that this would send positive signals abroad and would help Slovakia obtain favourable conditions for foreign loans to refinance the current account deficit.

Get daily Slovak news directly to your inbox

Top stories

News digest: Nationwide testing gained contours

The Defence Ministry reveals details on upcoming testing, removal of the STU rector was far from normal. Take a look at our latest news digest.

President Zuzana Čaputová meeting with scientists and experts on epidemiology, infectology and medicine.

Senate voted STU rector down. Police called to the uni as well

The session of the Academic Senate proposed that Rector Fikar be dismissed.

Miroslav Fikar

Dozens of people die of COVID every day. A drop not expected for at least two weeks

People who would otherwise survive may die of other serious diagnoses due to the epidemic.

Illustrative stock photo

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.