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IN SHORT OF BUSINESS

Ministers approve World Bank grant

THE CABINET's consultation body, the Council of Economic Ministers, has recommended to the Slovak cabinet to accept a proposal for awarding a World Bank grant worth $350,000 (€322,000) to the Slovak Republic.

According to Finance Minister Ivan Mikloš, the grant will help the Slovak government to increase the effectiveness of informing the Slovak public on the sense, importance, and the context of the finalised and prepared reforms in Slovakia.

"It is the largest non-repayable assistance from the World Bank this year for any central or eastern European country, which is also a reward for the reforms in Slovakia," said Mikloš.

The project will focus on the creation of a long-term system of communication between the government and the public, as well as on drafting a communication strategy for reforms within a framework of individual ministries, should last from September 2004 to February 2006.

According to the finance minister, the Slovak government will contribute $117,000 (€108,000) towards financing the system.

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