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ECONOMIC BRIEFS

NBS forex reserves reach $3.5bn

The National Bank of Slovakia's (NBS) forex reserves reached a 1997 high, hitting the magic limit of $3.5 billion in November, NBS officials reported. The amount is enough to cover 3.7 months of Slovak imports, as opposed to the 3.1 months the NBS was able to cover in July.

Top stories

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo