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BUSINESS BRIEFS

Budget passed in record speed

Parliament approved the state budget for 2003 in a record two days of debate, setting a deficit target of Sk57.6 billion ($1.4 billion) for next year, or 4.9 per cent of GDP, well down from this year's expected deficit of 7.7 per cent of GDP.

All 78 of the ruling coalition's MPs in the 150-seat house voted in favour. Rather than run expenditures up with new demands as in past years, MPs this year trimmed the cabinet's spending figure by Sk700 million ($16.7 million).

Top stories

Wooden toothbrushes prompt small-scale industrial revival in Bratislava Photo

To begin with, young enthusiast Roman Kovács just wanted to change his local environment for the better, and to help people.

Roman Kovács wants to renew production of wooden toothbrushes in Bratislava.

Blog: HR Marketing: Not everybody can be Google!

It is important to know who your target audience is and the position you aspire to achieve as an employer on the market.

Illustrative stock photo

The idea of Slovakia

What does this country stand for? Slovaks could – and should – shout a little louder about what they have achieved, and where they want to go.

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Amazon chose Slovakia for its top returns centre Photo

The online retainer lures its future workers by wages and benefits.