Spectator on facebook

Spectator on facebook

Economic growth predicted at 4.1 percent

Slovak economic growth in 2003 should stand at around 4.1 percent, for a total GDP of Sk1.17 trillion (€28 billion), the Slovak Statistics Office (ŠÚ SR) said in its unchanged latest forecast on Thursday, news wire TASR reported.

The projection is close to that of the central bank NBS (3.9-4.4 percent) and the International Monetary Fund (4 percent).

For unemployment, however, the SU SR did revise its full-year forecast, from 17.8 to 17.2 percent.

Average headline inflation is still expected at 8.4 percent, though the year-end estimate was raised by 0.2 percentage points, to 8.9 percent.

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

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).