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IN SHORTS

FinMin wants SPP money for home debt

THE FINANCE Ministry has recommended that some Sk50 billion ($1.1 billion) from the $2.7 billion sale of a minority stake in gas utility SPP be used to pay down domestic rather than foreign state debt.

The ministry justified the proposal, which flies in the face of recommendations from the central bank and the International Monetary Fund, by the higher interest rates (and thus higher costs) on domestic debt, and on its expectation that the crown will strengthen.

The central bank and economic analysts warned, however, that if the money is not used to pay down foreign debt, the decision in itself could create pressure on the crown to weaken.

Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár