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ECONOMIC BRIEFS

NBS wants to change GDP

The National Bank of Slovakia's (NBS) Bank Council approved its Monetary Development report for 1996 and an update of its 1997 Monetary Program, central bank officials announced on May 19. In the report, the NBS said that Slovakia's GDP structure is very unfavorable. Justifying its claim, the central bank wrote that the high share and growth in government spending (also in the area of investments) as well as its support of private consumption by wage growth, which exceeds the growth in labor productivity are combining to stimulate the nation's trade deficit.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).