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C/A deficit on par with 2001

The current account deficit rose a massive Sk15.3 billion in May to hit Sk36.3 billion for the first five months of 2002, putting Slovakia on track to beat the record Sk84.8 billion deficit set last year.

The deficit, which was over 8 per cent of GDP last year, has been cited by international economic observers as a major problem facing the government emerging from September elections.

Top stories

Germans will distribute cars from Nitra’s JRL plant

The state-run freight carrier Cargo did not succeed in its bid, but is still discussing the distribution of suborders with the German firm.

Jaguar Land Rover’s construction site

Ministry: Law against puppy farms affects honest breeders

The recently passed law, clamping down on puppy farms will have serious consequences for honest dog breeders and state employees.

Illustrative stock photo.

Mihál leaving SaS

Behind his decision is disagreement with the stances of party chair Richard Sulík.

Jozef Mihál (l) and Richard Sulík (r)

Office space expected to grow

The growing economy and falling unemployment rate create a good environment for the growth of companies already established in Slovakia, but also for the arrival of new ones.

The Zuckermandel project