BUSINESS IN SHORT

Many Slovaks live on debt or savings

AS MANY as 42 percent of Slovakia’s households save regularly, around 34 percent of consumers makes ends meet financially and 23 percent take on debt or live off their savings, the Hospodárske Noviny daily reported on August 26, citing the results of a survey by the Slovak Statistics Office.

AS MANY as 42 percent of Slovakia’s households save regularly, around 34 percent of consumers makes ends meet financially and 23 percent take on debt or live off their savings, the Hospodárske Noviny daily reported on August 26, citing the results of a survey by the Slovak Statistics Office.

When consumers were asked whether they would manage to save some money in the near future, the Consumer Barometer survey found that only a third of respondents answered positively. No fewer than 64 percent said they did not expect to be able to save anything in the course of the next year.

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