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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

My five-year-old daughter will almost certainly encounter a Weinstein too

It’s not that I thought sexually harassing women was okay, it’s more that I accepted that was just part of how things worked. Unfortunate, yes, but also standard.

Harvey Weinstein

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico