Economy booms in second quarter

Data released by the Statistical Office yesterday showed a seven per cent jump in real wages year-on-year in the second quarter of 2002, the highest quarterly rise in five years, and a 4.0 per cent rise in GDP, the highest since 1998 elections.

Because the growth was based on high consumer and state spending (up 5.9 and 7.7 per cent, respectively), and because corporate investment increased only 0.1 per cent from a year ago, economists said they expected the growth would not last.

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

Get daily Slovak news directly to your inbox

Top stories

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov

Storm transforms into Gale. More judges and an influential businessman detained

The police raid related to corruption in Bratislava courts.

Businessman Zoroslav Kollár (l) was brought to NAKA.

Senate voted STU rector down. Police called to the uni as well

The session of the Academic Senate proposed that Rector Fikar be dismissed.

Miroslav Fikar