Spectator on facebook

Spectator on facebook

National Bank governor says Slovakia, Japan close to third loan

The National Bank of Slovakia (NBS) and the Export-Import Bank of Japan are close to signing a loan of around 20 billion yen (53.6 billion Sk) to support small and medium-sized Slovak companies, the daily Národná Obroda reported on March 27. "We are in the final stage of negotiations over the third loan from [Japan's] Exim bank and are talking about 20 billion yen," the paper quoted NBS governor Vladimír Masar as saying during a visit of leading Slovak government officials - includung Prime Minister Vladimír Mečiar - to Japan on March 24-27. Masar said the maturity of the credit should be "around 12 years," but declined to disclose any information about the loan's rate, saying only that it should be "relatively favourable." The NBS signed a 10 billion yen credit facility with the Japanese Exim Bank in April 1996. That loan held an interest rate of the Slovak discount rate - which currently stands at 8.8 percent - plus 3.25 percent and was also used to support small and medium-sized entreprises.

The National Bank of Slovakia (NBS) and the Export-Import Bank of Japan are close to signing a loan of around 20 billion yen (53.6 billion Sk) to support small and medium-sized Slovak companies, the daily Národná Obroda reported on March 27.

"We are in the final stage of negotiations over the third loan from [Japan's] Exim bank and are talking about 20 billion yen," the paper quoted NBS governor Vladimír Masar as saying during a visit of leading Slovak government officials - includung Prime Minister Vladimír Mečiar - to Japan on March 24-27. Masar said the maturity of the credit should be "around 12 years," but declined to disclose any information about the loan's rate, saying only that it should be "relatively favourable."

The NBS signed a 10 billion yen credit facility with the Japanese Exim Bank in April 1996. That loan held an interest rate of the Slovak discount rate - which currently stands at 8.8 percent - plus 3.25 percent and was also used to support small and medium-sized entreprises.

The funds were redistributed through a group of domestic commercial banks. It is still unclear whether this will also be the case for the latest credit or whether the NBS will chose a single commercial bank as the agent to distribute the funds.

Top stories

Preparation of young journalists lags

Editors and students complain about the lack of practical training at journalism schools and missing links with the realities of the media market.

International students travel to attend world leading universities. So they did in the past.

Raslavice village creates jobs; constructs wellness centre

By using eurofunds and state aid new Mayor of Raslavice Marek Rakoš thus created some 80 jobs in two years.

Fico: We are ready to discuss the 13th salary

The prime minister also presented reasons why Slovakia should be in the EU core.

PM Robert Fico

Meucci: Italy is not going through a catastrophe

Gabriele Meucci has been serving as the Italian Ambassador to Slovakia since January this year. He says that Slovakia is a haven for Italian investors but recently also for Italians coming here to work.

Italian Ambassador to Slovakia Gabriele Meucci