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ECONOMIC BRIEFS

Forex reserves up by $853 million

Slovakia's hard currency reserves reached $6.539 billion on July 31, a $853 million increase compared to the end of 1996. NBS reserves were $2.937 billion, a $536 million drop compared to the beginning of 1997. The commercial banks' reserves were $3.602 billion, $1.390 billion up from the beginning of 1997. In July only, the reserves of commercial banks increased by $1.444 billion.

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