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BUSINESS BRIEFS

Personal loans increase

TOTAL loans to people and firms rose Sk29 billion to Sk333 billion ($675 million to $7.74 billion) from September 2001 to September 2002, although economic analysts warn the amount is still not enough to release the full potential of the Slovak economy.

Loans to individuals have increased from 6 per cent of the overall total five years ago to about 20 per cent today, largely because individuals often show greater payment discipline than firms.

Top stories

Kysuce highway stalled due to missing money

Money is missing to finish the section of highway between Žilina and Poland, stopping the completion of the D3 highway project.

Road-blocking protest in Povina, Kysuce, demanding completion of highway bypass - February 16.

Slovak film won Generation Kplus section at Berlinale

The film Little Harbour that won the Crystal Bear – beating movies from many other countries - is the work of (mostly) Slovak women.

Director of Little Harbour, Iveta Grófová, with the Cristal Bear

State insulation falls behind expectations, ministry widens support

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the insulation programme.

Only 134 homeowners in the first round and 62 in the second applied for a subsidy via the state insulation programme. Illustration stock photo

US philosopher with Slovak roots, Michael Novak, dies

The man who advised politicians and even presidents Gerald Ford and James Carter died on February 17, aged 83.

Michael Novak