BUSINESS BRIEFS

Banks cut interest rates

SEVERAL retail banks in Slovakia have decided to partially offset the cancellation of the state subsidy on interest rates on mortgages. Slovenská sporiteľňa and OTP banks are lowering their interest rates, making loans more accessible to those seeking to buy homes, reported the daily SME.

The state has subsidised mortgages since 2000, paying part of the interest for borrowers. But now borrowers, including those who took mortgages before the cancelling of the interest rate subsidy, must make higher monthly payments.

Some banks made mortgages cheaper in December after the National Bank of Slovakia decreased its key interest rates.

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News digest: Security Council will meet to discuss nationwide testing

Overview of news from Monday, October 19, 2020.

PM Igor Matovič announcing some details about nationwide testing on October 18.

PM wants to test everyone, Kotleba already positive in neo-Nazism

Nationwide testing is less utopian than the blackout but it is driven by the same ambition.

PM Igor Matovič shows the antigen testing kit that should be used in the nationwide testing project in Slovakia.

Matovič keeps falling. The effect of the dispute with its coalition partner is hard to guess

The senior coalition party was defeated by ex-PM Pellegrini’s movement, the Focus poll shows.

PM Igor Matovič

UPDATED: Nationwide testing will be secured by the army

Foreigners living in Slovakia will be able to get tested too.

Illustrative stock photo