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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."

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General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

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Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

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GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

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