Cabinet meets to discuss finances

A meeting between economic ministers and financial experts to consider problems regarding fiscal policy, payment settlements, insolvency and the restructuring of commercial banks began September 5 in Piešťany.

The government is contemplating using 30bn Sk in bank-created depreciation reserves, as well as resources from the state budget and those of indebted companies to solve excessive liability problems in those companies. Government ministers proposed using the banks' depreciation reserves to repay the debts of companies operating in necessary and promising fields.

They also recommended that the law on liquidation be amended because, according to Prime Minister Vladimír Mečiar, approximately 20% of Slovak companies are on the brink of bankruptcy.

Get daily Slovak news directly to your inbox

Top stories

UPDATED: Nationwide testing for COVID-19 is on

Long queues have formed in front of most testing points since early morning. Some drive-through sites closed in Bratislava

Testing in Trenčín, western Slovakia

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov

Afraid of testing? Minimise your risk of infection with these test day tips

Coughing is the most dangerous part of the testing process.

Zborov, the Bardejov district

The big test is upon us. What are we to do?

For a foreigner living in Slovakia, there is yet another concern.