Spectator on facebook

Spectator on facebook

Economy ministry says public banks to be strengthened

The Slovak economy is the best off in terms of economic growth among central European countries, said Vojtech Ferencz from the Economy Ministry on Thursday, March 5. Ferencz was speaking at a meeting of the Crisis Monitoring committee which he chairs and the TASR newswire was informed about the outcome of the meeting by Darius Bosjak from the ministry’s press department. “We concluded that private banks in Slovakia drain financial means from the market, restrict business development, and therefore the Monitoring Committee will request the further strengthening of Eximbank and the Slovak Guarantee and Development Bank on the market,” said Ferencz.

The Slovak economy is the best off in terms of economic growth among central European countries, said Vojtech Ferencz from the Economy Ministry on Thursday, March 5. Ferencz was speaking at a meeting of the Crisis Monitoring committee which he chairs and the TASR newswire was informed about the outcome of the meeting by Darius Bosjak from the ministry’s press department.

“We concluded that private banks in Slovakia drain financial means from the market, restrict business development, and therefore the Monitoring Committee will request the further strengthening of Eximbank and the Slovak Guarantee and Development Bank on the market,” said Ferencz.

He also said that the Committee supports the so-called ‘scrapyard contribution’ for those who want to get rid of their old cars and buy new ones. The government would provide subsidies to individuals who scrap cars that are more than 10 years old and purchase a new vehicle.

According to the Office of Labour, Social Affairs and Family, the highest number of job vacancies are registered in Bratislava region. The Economy Ministry will begin publishing a page on its website called Crisis in Slovakia, on which it will answer the most-frequently asked questions regarding the crisis, and will also present anti-crisis measures approved by the Slovak government.

The Monitoring Committee was established in line with government measures adopted to tackle the global financial crisis. Its task is to map the impacts of the crisis on small and medium-sized businesses, especially with regard to employment, efficiency, demand and export, and also to monitor individual economic sectors in order to identify groups that could be affected most by the crisis. 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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Czech PM files lawsuit against Slovakia at ECHR

Czech Premier Andrej Babiš sues his homeland in the European Court for Human Rights in connection with records proving his collaboration with the communist-era secret police.

Andrej Babiš

Revitalised industrial building offers work, entertainment and housing

Mlynica is an excellent example of successful conversion of unused industrial building.

Mlynica

Youngest Slovak village is a "communist dream come true” Photo

Dedina Mládeže (The Youth Village) was a mere experiment during the communist era. Now, the still inhabited village has morphed into an open-air museum.

Dedina Mládeže

What are the reasons behind low wages in Slovakia?

The average wage costs per Slovak employee accounts for only 44 percent of the EU average.