NBS issues another fiscal warning

The central bank has warned the government that unless it takes immediate action to curb the fiscal deficit it will be forced to again raise interest rates to prevent dramatic currency developments.

The National Bank of Slovakia sounded the warning as it corrected its economic outlook for 2002, raising the expected current account deficit from 7.9 to 8.3 per cent of GDP (compared to 8.8 per cent in 2001) and fiscal deficit from 3.6 to 4.5 per cent of GDP. End-year inflation and GDP growth stayed unchanged at 3.5-4.9 per cent and 3.5-3.8 per cent respectively.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Rescuers searched for Polish hikers in the High Tatras almost two days.

Polish hikers made bad decisions in the Tatras, a rescuer says

Three Poles died in the High Tatras in the second week of January.

13. jan
EC President Ursula von der Leyen speaking at the 2021 World Economic Forum in Davos, taking place online.

The Davos crowd might consider meeting online from here on out

With a little luck, even the caviar companies will survive.

13 h
The almost 200-year-old statue of St Ján Nepomucký, which was stolen 30 years ago by an unknown perpetrator from a pedestal near the old linden trees at the end of Horný Badín in the Krupina district, was replaced with a replica at the end of 2021.

Weekend: Slovak artist made it to Hollywood

Bratislava is collecting Christmas trees, Hriňová invites people to swim in the freezing water. Here is the latest travel/culture roundup.

14. jan
Istropolis gets prepared for demolition.

Bratislava's Istropolis will be demolished soon

Developer gets permission to tear it down; architectural experts claim Bratislava would lose an iconic building.

14. jan
Skryť Close ad