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CORPORATE NEWS

NBS sees room for lower long rates

The National Bank of Slovakia (NBS) said on June 11 that it saw room for the continuing decline of long-term interbank interest rates, which had already fallen by around six percent over the past month. "The interest rate curve is not yet well proportioned," said Peter Andresič, head of the NBS open market operations department. "Further downward movements at the longer end of the rate curve may be expected." Longer-term maturities have been declining steadily since mid-May after the Finance Ministry repeatedly rejected all bids in the State bond auctions. "Further movements of interest rates will now mainly depend on the ministry's actions in covering the state budget," Andresič said.

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