Slovakia to borrow hefty sum abroad

SLOVAKIA plans to borrow at least €1 billion (Sk39 billion) in the first half of 2006, the SME daily reported.

According to Tomáš Kapusta from the state agency for the management of debt and liquidity (ARDAL), Slovakia wants to gain a greater investor base abroad for Slovak securities before adopting the euro. By borrowing, the country will be in a position to easily place its new issues of securities on the European markets in 2009, the date planned for adopting the euro.

ARDAL thinks that borrowing money abroad will cost the state less than issuing bonds on the domestic market.

ARDAL is not ignoring the domestic market, however. It plans to issue Sk70 billion (€1.8 billion) in bonds on the domestic market because, according to Kapusta, “there is a lack of investment opportunities”.

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

Get daily Slovak news directly to your inbox

Top stories

People with negative tests can go to hairdresser or outdoor terraces

Those with a negative test result will have to follow rules introduced on October 15.

Companies fear drop in demand for their products and services the most

International chambers of commerce asked companies about their current situation as well as expectations.

Companies implemented anti-coronavirus measures.

News digest: The Gale targets corruption, cabinet officially prolongs curfew

Slovakia learned about biggest corporate taxpayers, the president signed laws changing the minimum wage and 13th pensions. Read the latest news overview.

Mobile testing units were built in the Hviezdoslavovo Square in Bratislava.

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov