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ECONOMIC BRIEFS

Almost 30 foreign banks or branches in Svk.

According to the NBS Monetary Development report [THE ONE FOR 1996 OR THE 1997 UPDATE?], there are 29 banks and branches of foreign banks in Slovakia as of April 1, 1997. Of them, 24 were commercial banks and 14 had at least partial foreign ownership. The banking sector employed 25,581 people, the report noted. Registered capital in the sector was valued at 39.452 billion Sk, of which 60 percent was held by Slovak shareholders. Insurance companies in Slovakia had registered capita worth 4.73 billion Sk and employed 6,140 people as of April 1, according to the report.

Top stories

How did Communism happen in Czechoslovakia?

For the 40 years, Czechs and Slovaks would celebrate February 25 as Victorious February, even though the enthusiasm of most of those who supported Communists in 1948 would very quickly evaporate.

Prime Minister Klement Gottwald (right) swears an oath into the hands of President Edvard Benes on February 27, 1948 at the Prague Castle.

Cemetery with a remarkable creative concept Photo

The shapes of tombstones were prescribed until 1997

Vrakuňa Cemetery in Bratislava

Being young is harder than it used to be

The failure of older generations to sympathise with youth means politics are primarily a contest of who can hand out more gifts to old people.

Young Slovaks have problems finding proper jobs.

Historian: After 1948, Czechoslovakia was paralysed with fear

On February 25, Czechs and Slovaks mark 70 years since the rise of Communism in their common state. Historian Jan Pešek talks about the coup and its aftermath.

Demonstration in Prague, Wenceslas' Square, on February 28, 1948.