Spectator on facebook

Spectator on facebook

BUSINESS BRIEFS

State cuts mortgage support

MORTGAGES will be more expensive from January 2005 because the state will give up its support for mortgage loan interest rates. State support of mortgages has been an important factor in encouraging the real estate market in Slovakia, according to the daily Pravda.

Finance Minister Ivan Mikloš considers interest rates to be low enough to withdraw the state support. The government also wants to provide special financial products to assist the less wealthy in the purchase or construction of their own homes. According to analysts, banks will not be able to drop interest rates to compensate for the withdrawal of state support. They will attract customers by reducing administration costs.

Top stories

Government ignores anticorruption demands Photo

Protesters gave the government two weeks to fulfil their demands.

Blog: We can always count on the nerds…

Brands need to focus on doing good and that this approach is the only option if they want to stay relevant, credible and even profitable, says Thomas Kolster.

Thomas Kolster speaking

Drivers in Bratislava should prepare for worse traffic

Dissatisfied taxi drivers will go on a protest ride from Petržalka to Lamač on Wednesday.

Taxi drivers protested against Uber already in 2015.

Blog: Underground economy flourishes in the queues

A foreigners' real experience at the foreigners’ police department in Bratislava.

Foreign investors said they would welcome less bureaucracy in Slovakia.