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BUSINESS BRIEFS

Rise in bankruptcies a puzzle

DESPITE economic reforms more companies than ever filed for bankruptcy in 2004. Compared with 2003, 926 more firms went bust, a 70 percent increase.

Economists cannot really explain the rise. "Bankruptcies should be dropping in numbers," Ján Tóth, chief economist of the ING Bank told the Hospodárske noviny business daily.

Interest rates are low, the demand for products and services is growing and unemployment is decreasing. International economists say that these factors should lead to faster growth and exports and therefore a lower number of bankruptcies.

Top stories

LGBTI people in the regions: We change people’s minds

Bratislava will dress up in rainbow colours this August again, for the seventh time. This will be for the Bratislava Dúhový Pride diversity festival. But the colours of the rainbow are less bright in the regions,…

Slovakia’s LGBTI community seeks to expand their rights.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Blog: 5 things you should do on your visit to the north of Slovakia Photo

Here is a list of tips by an experienced tour guide - including things you have probably not tried before.

Bratislava growing high Photo

High-rise buildings sprouting up in Bratislava

Visualisation of the future skyline of Bratislava