Spectator on facebook

Spectator on facebook

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).

Top stories

No Slovaks among the victims of Manchester attack so far

The representatives of Slovakia have expressed their sympathy to the families of the victims.

Police guard close to the Manchester Arena in Manchester, Britain, on May 23, 2017, a day after an explosion.

It's not your Slovakia, Bystrica protesters told Kotleba

President Andrej Kiska spoke to the crowd at the protest gathering, asking Slovaks what kind of country they want to have.

Lajčák gives two versions of the Evka story

The Foreign Ministry gives opposing statements about suspicious procurement related to the Slovak Presidency over the EU Council.

Government of PM Robert Fico (left) endorses Lajčák as its official candidate.

Napoleon’s oak planted in Bratislava's Tyršovo Embankment Photo

An oak of Napoleonic legend was replanted, part of a commemoration spanning several days.

Planting "Naopoleon's oak" on May 20, 2017.