Spectator on facebook

Spectator on facebook

Mikloš makes further state subsidy cuts

Finance Minister Ivan Mikloš reduced the proposed state contribution to construction savings accounts in 2003, as well as the state’s subsidy for housing mortgages, in response to the central bank’s November interest rate cut.

Reasoning bank loans would now be cheaper following the 50 basis point cut, Mikloš reduced the ceiling for monthly state constructions savings account contributions from Sk4,000 this year to Sk3,000 ($95 to $73), and dropped the mortgage subsidy from 4.5 per cent of the principal annually to 2.5 per cent.

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

Top stories

Lack of experts challenges ICT sector

To maintain the competitiveness, the Slovak government must support digitising the economy and take a positive stance towards the ICT sector, according to experts.

Illustrative stock photo

Kia negotiations stuck

Trade unions have asked for a higher increase in salaries and are ready to strike.

Most cars produced in Slovakia head for export.

Roma civil patrols will continue

The Interior Ministry allocated €10 million for the project.

Roma patrols in Veľká Lomnica.

Our exit from the EU will not weaken our links

The UK has no intention of undermining the stability of the EU, nor do we want to become more distant to our European neighbours, including those here in Slovakia, the ambassador writes.

Flags displayed on a tourist stall, backdropped by the Houses of Parliament and Elizabeth Tower containing the bell know as Big Ben, in London.