Spectator on facebook

Spectator on facebook

European Commission: Slovak economy will grow fast

THE EUROPEAN Commission expects economic growth of around five percent in Slovakia in 2005 and 2006, the Pravda daily reported.

Prospects are not as favourable for the 12 countries using the common currency - the euro. The Commission now estimates that economic growth in the Eurozone will be 1.6 percent this year, down from the 2 percent originally expected.

Slovakia's economic growth should continue to be driven by household consumption, which is positively influenced by real income growth and a decrease in inflation.

In 2004, household expenditures rose by 7.5 percent. This year's growth in household consumption is expected to slow to 4 percent, and in 2006, it is expected to be 3 percent.

The European Commission expects Slovakia's foreign trade balance to remain negative.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

We should not wait until we start lowering our voices when talking about the mighty

The girl with seven names saw the first public execution in Korea aged seven.

Hyeonseo Lee

Slovak tennis player knocks out Sharapova Video

Magdaléna Rybáriková improves her position in the WTA ranking.

Magdaléna Rybáriková

Soldier detained for theft in the ammunition depot

The theft in the ammunition depot was not used for arming extremists or terrorism.

Ammunition, illustrative stock photo

Dozens of kites filled the sky above Nitra Photo

A sunny day lured Nitrans to fly their kites of all colours and shapes

The Fifth Šarkaniáda or Kiteade took place in Nitra.