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NEWS FROM THE OMRI DAILY DIGEST

OECD report praises country's "astonishing" economic growth

In a report released on September 16, the Organization for Economic Cooperation and Development (OECD) says that Slovakia's quick economic growth has astonished many analysts, Slovak and international media reported. Slovakia recorded one of the best macroeconomic performances among central and eastern European countries last year, the report pointed out. The country's gross domestic product (GDP) grew by 7.4% in 1995. The inflation rate, which stood at 25.1% at the end of 1993, was reduced to 6.1% by May 1996. State budget and current account balances recorded surpluses in 1995. The unemployment rate peaked at the beginning of 1995 at 15 percent, but fell to 11.9 percent by May 1996. The report also focused on Slovakia's need to restructure its banking sector and privatized companies. It also dealt extensively with Slovakia's potential for expanding its tourism industry.

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.

Safari under High Tatras Video

Marek Stolarčík from Kežmarok filmed unique video.

Illustration stock photo

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.