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

Košice

News digest: Slovakia has passed the peak of the second wave, health minister says

Polish doctors will help take swabs in Slovakia this weekend. People who have had COVID can just show their positive test result.

17 h
Rapid testing in Košice

Nationwide COVID-19 testing – and criticism – starts again

Longer ‘screening’ different to October operation.

24 h
Ján Sýkora is an easy-going ice-hockey player who has got a great sense of humour.

Fashion brands mean nothing to me. Professional hockey player about his life in central Slovakia

In an entertaining interview, the down-to-earth ice hockey player, Ján Sýkora, talks about being a busy bee with a poor memory.

21. jan

Old-age pension scheme gains three new features

Brand new parental bonus raises concerns.

21. jan