Spectator on facebook

Spectator on facebook

THE QUARTER IN BUSINESS

Eurostat: Slovakia’s Q4 GDP growth highest in the EU

The gross domestic product (GDP) of the European Union increased 2.6% year-on-year in the last quarter of 2007, according to the European Union’s Statistical Office (Eurostat). In a quarterly comparison, this figure was up by 0.5 percentage points. Economic growth in the 13-strong Eurozone was 2.3% in the monitored period, up 0.4 percentage points compared with Q2.

(Source: SITA)

The gross domestic product (GDP) of the European Union increased 2.6% year-on-year in the last quarter of 2007, according to the European Union’s Statistical Office (Eurostat). In a quarterly comparison, this figure was up by 0.5 percentage points. Economic growth in the 13-strong Eurozone was 2.3% in the monitored period, up 0.4 percentage points compared with Q2.

By comparison, the US economy posted a 2.5% improvement year-on-year and 0.2 percentage points quarter-on-quarter.

Meanwhile, the Slovak economy strengthened by a record-breaking 14.1% year-on-year, the highest growth among all EU countries. The Q4 figure boosted 2007 growth over 10%, and was ascribed mainly to businesses stocking up on cigarettes ahead of a planned tax increase.

Compared to the third quarter of this year, the Slovak GDP was up 3.1 percentage points, which was also the greatest improvement among the 12 countries for which Eurostat had data available.

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