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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

Kysuce highway stalled due to missing money

Money is missing to finish the section of highway between Žilina and Poland, stopping the completion of the D3 highway project.

Road-blocking protest in Povina, Kysuce, demanding completion of highway bypass - February 16.

Slovak film won Generation Kplus section at Berlinale

The film Little Harbour that won the Crystal Bear – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak