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ING, ČSOB gain reference status

ING Bank Slovakia and Československá Obchodná Banka have been conferred the status of reference banks, National Bank of Slovakia (NBS) officials announced. The NBS introduced the status of "reference bank" for the most active commercial banks on the Slovak interbank money market in August and limited the number to eight. According to NBS officials, reference banks are selected according to three criteria: the portion of traded deposits, the volume of credit lines with other commercial banks, and the maintenance of an agreed-upon exchange rate spread.

While awarding the title to ING Bank Slovakia and ČSOB, the NBS cancelled Poštová banka's (Post Bank) status as a reference bank. The other six reference banks are: Všeobecna Úverová Banka (The General Credit Bank - VÚB), Slovenská Sporiteľňa (The Slovak Savings Bank), Investična a Rozvojová Banka (Investment and Development Bank - IRB), the Austrian-owned Tatra Banka, Poľnobanka, and Istrobanka. NBS representatives said it is probable that in the next year, reference banks will be permitted trade with treasury bills, or also some money derivatives such as the Forward Rate Agreement.

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How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

Slovakia vies for medicines agency

What chances does the country have at winning the seat of the prestigious European Medicines Agency that needs to relocate from London?

Illustrative stock photo

Vote-buying scandal lands village mayor in court

Some Roma claiming the mayor of Gemerská Poloma, Miroslav Michalka was buying votes, have changed their testimonies.

Stanislav Kučerák (blue shirt) is a key witness in the vote-buying case.

British embassy opens condolence book

The book will be opened for two days.

Floral tributes are laid out in Manchester, England, on May 23, 2017, the day after the suicide attack at an Ariana Grande concert that left 22 people dead as it ended on May 22 night.