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BUSINESS BRIEFS

S&P improves Slovakia's rating

STANDARD & Poor's (S&P) improved Slovakia's rating for loans in foreign currency from BBB/A-3 to BBB+/A-2, the state run TASR news agency reported.

The agency also confirmed the country's rating for loans in local currency at the A-/A-2 level with a stable outlook.

S&P loans analyst Kristel Richard said that Slovakia's loan ability could improve in the coming two years if the general cabinet deficit continues to decrease and if there are further economic reforms, for instance in the railway sector.

S&P anticipates that Slovakia will join the eurozone in 2009.

Top stories

Chinese are closer to taking over Košice steelworks

The sale may be completed early next year, according to reports.

U.S. Steel Košice

Third anti-corruption march drew thousands Photo

The only demand that has been met to date is the abrogation of Vladimír Mečiar’s amnesties by parliament.

The anti-corruption march

Slovak water slalom racers start championship with a victory Video

The single canoe slalom team can boast with several records.

l-r: Alexander Slafkovský, Matej Beňuš and Michal Martikán

Blog: In Slovakia, tradition is key

The year round, the calendar is filled to the brim with traditional habits, happenings that seem to go back centuries.

Traditional "vinobranie" event in Pezinok.