BUSINESS IN SHORT

Finance Ministry updates GDP forecast

THE FINANCE Ministry has revised its previous forecast for growth in the Slovak economy in 2010 to 2.8 percent, up from the 1.9 percent expected in autumn 2009, the TASR newswire reported.

THE FINANCE Ministry has revised its previous forecast for growth in the Slovak economy in 2010 to 2.8 percent, up from the 1.9 percent expected in autumn 2009, the TASR newswire reported.

“The changes in the forecast are mainly due to improvements in expectations in the external environment, improvements in indicators of economic sentiment and positive results for the third quarter (of 2009) in Slovakia and the eurozone as a whole,” said the ministry’s Financial Policy Institute (IFP).

The current outlook embraces the influence of highway construction via public-private partnership (PPP) projects, which are expected to have a positive effect on GDP growth. On the other hand, negative developments are expected on the household-demand front. “Negative risks stem primarily from developments on the domestic labour market, whereas risks are balanced in the external environment,” said IFP according to TASR.


Get daily Slovak news directly to your inbox

Top stories

Health Ministry gearing up for COVID vaccines

Mass campaign planned to get people to take jab.

Illustrative stock photo

He was almost murdered. Instead, he is to become general prosecutor

It was not clear whether the election would take place on December 3 until the very last moment.

Maroš Žilinka

Žilinka elected the next general prosecutor

He received 132 votes out of the 147 present MPs.

Maroš Žilinka

Grandson turns his blue-haired grandma into an Instagram sensation

President Zuzana Čaputová is one of her nearly 13,000 followers.

Photographer Marek Pupák takes pictures of his grandmother. He also created the blue.grandma profile on Instagram, where he posts the photos of her.