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Central bank says business environment is slowly improving

Current developments in Slovakia's industrial production imply a real improvement in the Slovak economy, states the Slovak central bank (NBS) in its most recent monthly economic review, the TASR newswire reported.

Current developments in Slovakia's industrial production imply a real improvement in the Slovak economy, states the Slovak central bank (NBS) in its most recent monthly economic review, the TASR newswire reported.

But the NBS says the revival will be gradual rather than a rapid.

“These results indicate that we can't expect a rapid revival of activity, but a gradual renewal,” said the NBS analysts as quoted by TASR. A certain drop in production is expected at the end of this year due to the end of the car scrapping programme in Germany and other EU countries. On the other hand, a slight improvement in export-orientated economies is also anticipated. TASR

Compiled by Zuzana Vilikovská from press reports
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