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ECONOMIC BRIEF

On July 1 NBS starts daily monitoring of hard currency position

The NBS Bank Council stated on June 4 that monetary development in the first quarter of 1997 was favorable. The monetary policy of the NBS complied with its 1997 Monetary Program, aimed at the reduction of loans provided by commercial banks. The Bank Council also approved a change in the monitoring of the hard currency position of banks for monetary purposes. From July 1 on, the position will be monitored on a daily basis, and not once every ten days as it currently is. The NBS extended VÚB's license to offer mortgages.

Top stories

Kysuce highway stalled due to missing money

Money is missing to finish the section of highway between Žilina and Poland, stopping the completion of the D3 highway project.

Road-blocking protest in Povina, Kysuce, demanding completion of highway bypass - February 16.

Slovak film won Generation Kplus section at Berlinale

The film Little Harbour that won the Crystal Bear – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak