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ECONOMIC BRIEFS

IMF sees window for top technology

According to the International Monetary Fund (IMF), the former Communist countries of central and eastern Europe (CEE) and Russia exhibit significant economic strength, especially in human capital. The IMF predicts an increasing opportunity for businesses to expand services and allow for the speedy introduction of the highest quality technologies. This is taken as a guarantee that economic growth in these countries could be as dynamic and successful as in East Asian countries. The period of transformation from a controlled economy to the free market has been characterized by slow growth, which should speed up to four percent next year.

The main insufficiency currently existing in CEE countries is, the IMF said, the weak banking system, compounded by a quickly aging and slowly growing population. IMF experts advise holding down public spending, controlling budget deficits and undertaking job market reforms.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).