ECONOMIC BRIEFS

Kozlík: Slovak economy is stable

According to Finance Minister Sergej Kozlík, the Slovak economy is chugging along just fine, though lower-than-expected revenues from corporate income taxes have affected the budget.

"The development of the Slovak economy is stable," Kozlík said. "We expect 5-6 percent GDP growth and a 7 percent rise in real wages this year. The lower revenue from corporate income taxes is being partially compensated by higher value-added tax revenues."

"We expect to keep the planned budget deficit," the finance minister continued. "Slovakia does not have problems with the volume of the state debt, but with its financing. Slovak banks are not able to cover the debt with one, five, or ten-year securities.

That is why we want to offer state securities to citizens and corporations, and we are thinking about offering a certain amount on foreign markets as well." (See story on page 1).

Get daily Slovak news directly to your inbox

Top stories

News digest: The Gale targets corruption, cabinet officially prolongs curfew

Slovakia learned about biggest corporate taxpayers, the president signed laws changing the minimum wage and 13th pensions. Read the latest news overview.

Mobile testing units were built in the Hviezdoslavovo Square in Bratislava.

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov

Storm transforms into Gale. More judges and an influential businessman detained

The police raid related to corruption in Bratislava courts.

Businessman Zoroslav Kollár (l) was brought to NAKA.