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ECONOMIC BRIEFS

Euro will replace D-mark in crown's basket from next January

The new Euro will replace the Deutschemark in the Slovak crown's currency basket from the beginning of next year, the NBS announced on May 15. The crown currently trades against a 60/40% mark/dollar basket. "The NBS's decision to replace the mark with the Euro in the Slovak crown currency basket is a reaction to integration and globalization trends in the European Union," the NBS said in a statement. Trading in Euros will begin next year, with the actual currency set to appear in 2002 when the participating countries will withdraw their respective banknotes and coins.

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Bratislava councillors want gambling regulation, not ban

Seventeen councillors do not agree with total prohibition of gambling in the capital, they want to continue in its strict regulation.

Unemployment rate keeps decreasing

Positive development of Slovakia’s economy seen behind the decrease.

European Investment Bank supported Slovakia with €918 million in 2016

2016 was a successful year for the EIB Group in Slovakia, said EIB Vice-President Vazil Hudák.

Vazil Hudák

Slovak film won Crystal Bear at Berlinale

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

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