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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

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.

Focus Poll: Government loses support

Extremist party led by Marian Kotleba would have come third

The ruling coalition (L-R: SNS-Andrej Danko, Smer-Robert Fico. Most-Híd-Béla Bugár) would have problems forming a cabinet.

Bratislava bus station is moving into Bottova Centrum Photo

If the temporary station gets all the construction approvals, it may start operation on October 1.

The future temporary bus station on Bottova Street in Bratislava