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ECONOMIC BRIEFS

Annual money supply up 9% in April

The National Bank of Slovakia (NBS) said on May 28 that the M2 aggregate, the device by which the central bank measures money supply, grew 9.0% year-on-year, slightly down compared with 9.2% in March. The overall year-on-year money supply in April was 446.8 billion Sk, compared to 411.2 billion in April 1997. The NBS's full-year target for M2 expansion in 1998 had been set at 9.4%. M2 measures currency, demand and time deposits, savings deposits and foreign currency deposits.

Top stories

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

Fee has a negative impact

Practice shows that municipalities will require investors to pay the fee for development from their own budgets and at the same time to also cover the so-called induced investments.

Some municipalities want to re-think the fee.

Kysuce inhabitants block busy road in protest

The blockade caused traffic collapse.

Discovery made hard mining work more efficient

Gunpowder was used to blow up the rock for the first time in the Upper Bieber adit for the first time 390 years ago.