BANKING NOTES

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.

Top stories

News digest: Preparations for Bratislava Christmas markets are in full swing

Getting a jab while shopping, challenges of cycling in Bratislava and a solution for clients of failed alternative energy supplier Slovakia Energy.


18 h
Actor Noël Czuczor portrays Alfréd Wetzler in "The Auschwitz Report".

The Allies knew about Auschwitz atrocities, but they bombed the Bratislava refinery instead

A report about the atrocities written by two Slovaks who escaped the camp was ignored for weeks and months.


13. okt
Children flying kites in Žilina.

Short stories about 'unicorns' win a prize

Philip Morris has opened an interactive laboratory in Banská Bystrica, and private radio stations will say goodbye to Slovak music.


21 h
Cyclists and scooter riders wave their way on Obchodná Street.

How to cycle in the centre of Bratislava

Obchodná Street is one problematic stretch for cyclists in the capital.


14. okt
Skryť Close ad