Spectator on facebook

Spectator on facebook

Slovaks would rather spend than save

IN THE YEAR ahead Slovaks should have more cash as real wages are estimated to grow by as much as 3.5 percent. They are, however, expected to spend rather than save most of the money, reported the Národná Obroda daily.

The rate of savings has been falling for years now, while consumption is on the rise. Moreover, as much as four-fifths of the population do not consider it suitable to save at present. This is because low interest rates do not make saving worthwhile.

Even if the inflation rate drops to 3.5 percent this year, interest rates are expected to fall even lower, the daily concluded.

Top stories

Refurbishment of Trnavské Mýto has started

The facelift of the underpass crossing should be completed by summer. Fate of nearby Istropolis still not known

Reconstruction of Trnavské Mýto underpass started.

Europe will continue fighting dual quality products

The recent Bratislava summit raised some suggestions on solving the problem, but it will be a long process.

Yeme grocery store in Bratislava.

Historically first ex-ministers were sentenced for the bulletin-board tender

Former construction ministers of the SNS party have received years in prison for the scandal surrounding the infamous bulletin-board tender. The other three defendants, ministry officers, have been acquitted.

L-R: Marian Janušek is ianugurated as replacing Igor Štefanov in post of construction minister, April 2009.

Quidditch becomes reality in Slovakia as first teams emerge Video

The wizard sport, fighting for its status in the real sports world, has won the hearts of some Slovaks.