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BUSINESS BRIEFS

Study: EU entry benefits to arrive late

A STUDY called A Development Prognosis for Slovakia until 2010, done by the Slovak Academy of Sciences, has warned that the Slovak economy will not start to improve dramatically until a decade after the country's acceptance to the European Union. The report suggests that the gross domestic product (GDP) will grow only 29 per cent from 2000 to 2010, and that the costs associated with integration will initially outweigh the benefits. The Academy predicts that unemployment and an increasing share of retired people against wage earners will trouble the country over the current decade, while differences in regional standards of living will widen unless new regional elected governments take concerted action. However, the study argues, Slovakia will find it easier to deal with these problems from within the EU than from without.

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