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ECONOMIC BRIEFS

Merrill Lynch analyzes this year

The international investment bank Merrill Lynch offered this preview of the Slovak crown's (Sk) development in 1997: "The exchange rate of the Slovak crown will most likely weaken this year, within the set fluctuation spread, by 4 percent from the $/DEM benchmark. It is not likely, though, that the Sk's rate will move outside the fluctuation band of +,- 7 percent noting the Central Bank's willingness to support theSk's stability. However, mainly long-term investors should take into consideration the growing deficit in the current payments' account, which could support the weakening of the exchange rate during the year. The current account deficit could grow from an estimated 10 percent of GDP in 1996 to 12 percent of GDP in 1997."

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

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

Austria launches random checks close to Slovakia’s borders

Refugees are using new smuggling routes, according to the Austrian minister.

Illustrative stock photo

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between September 22 and October 1, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

The Distinguished Gentleman’s Ride 2017