Spectator on facebook

Spectator on facebook

Analyst: Slovak economy recovering fastest among V4 countries

Slovakia's economic situation can improve in 2010, even though it has experienced a deep fall in 2009, Volksbank chief analyst Vladimír Vaňo told newswire TASR.

Slovakia's economic situation can improve in 2010, even though it has experienced a deep fall in 2009, Volksbank chief analyst Vladimír Vaňo told newswire TASR.

"For the second quarter in a row, Slovakia has defended its position as an economy with one of the fastest quarter-on-quarter growth, 1.6 percent in the third quarter compared to 1.1 percent in the second,” Vaňo said. “It's encouraging confirmation that economic activity bottomed out in the first quarter of 2009 and is now recovering more quickly than economies of the neighbours.”

According to the economist, such a development is not common in the still fragile business environment in Europe, as various countries such as Hungary, Romania, Greece, Spain and Estonia are still only heading for the bottom of their economic decline, TASR wrote.

Top stories

Press freedom is bleeding across our borders

Critical media are always the first targets of populists and press freedom enemies.

I have met dozens of people possessed by Satan, exorcist claims

An exorcist can help a believer to escape their problems but not to solve them, psychiatrist Hunčík says.

Priest and exorcist Ľuboš Václavek consecrates the office of Erika Jurinová (OĽaNO).

End of investigative show a cause for concern

Media freedom watchdogs believe the scrapping of the only investigative show on public-service television is a threat to its independence.

Jaroslav Rezník

Slovakia is 26th on the Employment Flexibility Index

Higher work surcharges will push Slovakia down.