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.

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More aggressive COVID strain probably dominant in Slovakia. It is not necessarily bad news

Virologists report they have found that the B.1.1.7 strain, first detected in the UK, is dominant in the samples from Trenčín.

21 h
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News digest: Slovakia will receive more than 4 million vaccines

Schools will continue with distance education. Curfew will be applied on January 25 and 26 too.

20 h
Gabriel Šípoš

I receive more hate mail than I used to, says outgoing transparency watchdog director

Gabriel Šípoš leaves Transparency International Slovakia after 11 years. Slovakia has gone a long way in transparency, he says.

22 h