Spectator on facebook

Spectator on facebook

NBS saves Sk2 billion

A reduction in interest rates of 1.5 percentage points by the National Bank of Slovakia (NBS) at the end of last year will save the government several billion crowns in this year's budget, according to the Finance Ministry.

"In interest on state loans we will pay about Sk2.5 billion (€61 million) less than predicted before the change in interest rate," Jozef Mach from the ministry's press office told the financial daily Hospodárske noviny.

The strong crown has also meant savings, as some dollar and euro loans have been refinanced in loans from Slovak financial institutions.

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

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