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IN SHORT BUSINESS

Deficit projected to hit target

THE PUBLIC deficit should fall below the government's target of 3.9 percent of GDP by the end of the year (excluding the debt caused by the pension reform).

Finance Minister Ivan Mikloš said November 12 that the deficit would reach Sk50.2 billion (€1.255 billion), or 3.8 percent of GDP, according to the news wire TASR.

According to the minister, the relatively high economic growth, rising wages and consumption, along with low interest rates represent good macroeconomic fundamentals for the development of public finances.

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.