Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

EIB official urges politicians to bury the hatchet

From comments made by the vice-president of the European Investment Bank (EIB), W. Roth, at the financial fair Finex '96:

"The opinion that foreign capital inflow means selling out one's own country is obsolete. Slovakia needs, in a relatively short period of time, to increase its productivity. With regard to a deficiency in its own resources, the government must in the coming 2-3 years secure the foreign investments necessary for restructuring the economy. Neighboring countries - the Czech Republic, Hungary and Poland - have attracted significantly more foreign investments than Slovakia."

"Slovakia' s attractiveness is being diminished by the continual controversies between the ruling party and its opposition. While there are virtually no consequential political differences between the two sides, they continue to struggle brutally, while it is not at all clear to everyone else what they're fighting about. Since 1994, the Slovak economy has been improving at a pace better than some international financial institutions predicted, and even the IMF has been mistaken in its forecasts. The main reason for this success is that Slovakia has had to rely on its own power. The Central Bank's anti-inflationary policies have pushed down the inflation rate to recurrent levels of 6 percent , significantly improving Slovakia's credibility on international financial markets."

Top stories

No fees bring higher summer roaming

EU regulation raises the volume of roaming calls and data with Slovak mobile operators .

People should pay attention on used data abroad.

Ryanair cancels some flights from and to Bratislava

The Irish low-cost airline publishes full list of cancellations

Irish budget airline Ryanair is believed to be cancelling up to 50 flights every day over the next six weeks because it "messed up" its pilots' holiday schedules.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Biggest Slovak online bookseller buys rival

Martinus.sk bought Gorila.sk's book business, its former owners kept the cafés