Spectator on facebook

Spectator on facebook

Public debt at 15.7 percent of GDP in 2006

Public debt totalled 15.7 percent of GDP in 2006, while the figure for the EU as a whole reached 62.5 percent, according to data from the European Central Bank (ECB) published on July 9.

Public debt totalled 15.7 percent of GDP in 2006, while the figure for the EU as a whole reached 62.5 percent, according to data from the European Central Bank (ECB) published on July 9.

Along with other countries in Central and Eastern Europe, Slovakia has a relatively low ratio of debt, including mortgages. At the same time, the ECB data shows that year-on-year percentage debt increases between 2001-06 in new EU-member states were significantly higher than in the EU15. While the average year-on-year debt increase in the EU25 in the first half of 2006 was 9 percent, the figure for Slovakia was 51 percent, while Slovenia recorded 69 percent. The rise in credit in Slovakia is largely due to improved living standards, the construction boom, and a wider range of credit on offer. TASR

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

Top stories

Quidditch becomes reality in Slovakia as first teams emerge Video

The wizard sport, fighting for its status in the real sports world, has won the hearts of some Slovaks.

Top stories from Last Week in Slovakia Video

Voters’ indifference affects regional votes - Can Slovaks be lured back from Britain? - Petit Press majority owner dies

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between October 20 and October 29, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

International Halloween Party

Babiš did not re-write the past

Constitutional Court decided in favour of National Memory Institute which included Andrej Babiš in its list of communist secret service confindants.

Slovak-born Czech Finance Minister Andrej Babiš