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ECONOMIC BRIEFS

Central bank forex reserves fall to $2.94 billion as of Oct 7

The Slovak central bank said on October 9 that its foreign currency reserves fell to $2,944.9 million as of October 7 from $3,180.0 million as of September 29. Overall, Slovak banking sector reserves fell from $7,703.3 billion to $7,274.9 in the same period. The central bank, which had been using its reserves to defend the Slovak curreny, decided to cancel the fluctuation band of the crown on October 1 citing concern with falling hard currency reserves.

Top stories

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo

Russians win the Tatry Ice Master 2018 Video

Ice-sculptors worked with a massive 50 tonnes of ice on the weekend of January 12-14; their sculptures remain on display.

The ice scupltures at Hrebienok, Tatry Ice Masters

The Bratislava airport has competition in Vienna

The airport in Vienna, only about 60 kilometres from the Slovak capital, gains 17 new low-cost airliner flights.

Illustrative stock photo