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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

Press freedom is bleeding across our borders

Critical media are always the first targets of populists and press freedom enemies.

I have met dozens of people possessed by Satan, exorcist claims

An exorcist can help a believer to escape their problems but not to solve them, psychiatrist Hunčík says.

Priest and exorcist Ľuboš Václavek consecrates the office of Erika Jurinová (OĽaNO).

End of investigative show a cause for concern

Media freedom watchdogs believe the scrapping of the only investigative show on public-service television is a threat to its independence.

Jaroslav Rezník

Slovakia is 26th on the Employment Flexibility Index

Higher work surcharges will push Slovakia down.