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BUSINESS BRIEFS

SPP money to go to domestic debt

THE FINANCE Ministry has decided to use Sk50 billion ($1.07 billion) from the sale of a stake in the SPP gas utility to pay down domestic rather than foreign debt despite objections from the central bank, and despite the fact that Sk36.3 million in foreign debt (eurobonds) matures in May 2003.

Over Sk36 billion of the money will go to cover last year's fiscal deficit, while Sk15.6 billion will be used to pay off state paper that matures this year.

Top stories

Jourová: Fico not fully informed on all EC’s activities on double standards

European Commission President Jean-Claude Juncker will meet with Fico to discuss double quality standards of foods on July 27 in Brussels.

European Commissioner for Justice, Consumers and Gender Equality Věra Jourová

Heatwaves to continue in Slovakia over the following days

More than 40 people collapsed due to hot weather on Thursday.

Foreigners: Events in Bratislava Video

Tips for performances and other events in the capital between July 21 and July 30, including concerts, parties, festivals, classical music, inline skating, exhibitions and more.

Analysis: Slovakia lacks competitive tourism

Neither Slovakia nor the Czech Republic are countries in which tourism could be viewed as the bedrock of their economies, an analysis by UniCredit Bank finds.

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