Spectator on facebook

Spectator on facebook

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

Problematic highway stretch, Turany-Hubová, will go via Korbeľka tunnel

This variant is more environmentally friendly compared with the surface variant originally planned.

Landslide during construction of the highway near Šútovo in 2013.

400 types of Slovak seeds will be placed in the World Gene Bank at Spitsbergen Photo

Slovak Agriculture Ministry works is storing the seeds on the Svalbard archipelago.

World Gene Bank in Spitsbergen, Norway

Talent is not always enough - sport is an expensive hobby

Promising young athletes often do not have the chance to bring their talent to the next level due to lack of funds.

Slovakia remains unknown in convention business

Ten MICE events in 2017 should bring almost €6.5 million to Bratislava.

The GLOBSEC security forum is one of the regular MICE events in Slovakia since 2005.