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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

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 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