Companies' debts down

Net bank debts of Slovak companies represent 23 percent of the country's GDP, a figure much higher than in the Czech Republic, 15 percent, and in Hungary, 6 percent. The amount of receivables of Slovak firms at the end of the first half of 1995 was 263.4 billion Sk, while the amount of payables stood at 340 billion Sk. The difference, 76.6 billion Sk, is 32.6 percent less than at the year's beginning. Meanwhile, interbusiness debt is estimated to be 100-110 billion Sk, with over half of companies unable to meet their financial obligations.

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