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BUSINESS BRIEFS

Mikloš recommends budget restrictions

THE COUNCIL of Economic Ministers, headed by Deputy PM Ivan Mikloš, on April 15 recommended that cabinet approve spending cuts and income-side measures to prevent the state budget from missing its deficit target by an feared Sk26 billion. However, cabinet ministers have largely resisted the suggestions. The cabinet is to discuss the proposal at its session on April 24.

The Finance Ministry earlier said that inflated income expectations in the 2002 state budget plan, and unforeseen expenditures such as a pension rise, could increase the planned year-end deficit from 3.5 per cent of GDP to 5.5 per cent.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).