Spectator on facebook

Spectator on facebook


NBS foresees no devaluation

According to Karol Mrva, director of the National Bank of Slovakia's (NBS) hard currency department, the central bank will not devalue the crown. "The NBS does not contemplate a devaluation of the Slovak currency," Mrva said. "The NBS just began using the Sk fluctuation spread (+/-5 percent)."

He continued: "Although hard currency reserves in the commercial banking sector declined $400 million since the beginning of this year, NBS reserves grew $200 million to $3.65 billion as of October 8. These reserves cover 3.7 - 3.8 months of Slovak imports, and are at a high enough level to maintain the current Sk exchange rate. In the coming months, growth in the money supply is expected to slow down, resulting in reduced imports and a decrease in the pace of foreign trade deficit growth."

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

Austria launches random checks close to Slovakia’s borders

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

Illustrative stock photo

Unemployment rate continues to decline

The still steeper fall in unemployment could be curbed by the type of jobseekers, analysts opine.

Carmakers have already complained about the lack of qualified labour.

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.