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IN SHORT BUSINESS

Budget deficit at 3.8 percent in 2004

PUBLIC finances are expected to end the year with a Sk50.2 billion (€1.3 billion) deficit, or 3.8 percent of gross domestic product (GDP), the Slovak Finance Ministry announced November 24.

The ministry also announced continuous economic growth for Slovakia in its report on macroeconomics and public finance for the first three quarters of 2004.

Finance Minister Ivan Mikloš says real wage growth, domestic consumption and low interest rates have created good macroeconomic conditions for public finance, the TASR news agency wrote.

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).