A round-up of the year in business

SLOVAKIA, like other countries throughout the world, had to deal with the impacts of the global financial and economic crisis throughout 2010. While the country’s gross domestic product grew over the course of 2010, in contrast to the 4.7-percent contraction recorded in 2009, Slovakia’s relatively small and open economy, which exports a large portion of its production, suffered from lower economic activity in its main trading partners. After the June 12 parliamentary election the baton of government was passed from the populist and nationalist coalition headed by previous prime minister Robert Fico to a centre-right coalition of four parties led by Prime Minister Iveta Radičová. The new government, which has called itself a government of cooperation and responsibility, has started down a path of austerity measures to avoid the possibility that the country will face a situation similar to that of Greece or Ireland.

SLOVAKIA, like other countries throughout the world, had to deal with the impacts of the global financial and economic crisis throughout 2010. While the country’s gross domestic product grew over the course of 2010, in contrast to the 4.7-percent contraction recorded in 2009, Slovakia’s relatively small and open economy, which exports a large portion of its production, suffered from lower economic activity in its main trading partners. After the June 12 parliamentary election the baton of government was passed from the populist and nationalist coalition headed by previous prime minister Robert Fico to a centre-right coalition of four parties led by Prime Minister Iveta Radičová. The new government, which has called itself a government of cooperation and responsibility, has started down a path of austerity measures to avoid the possibility that the country will face a situation similar to that of Greece or Ireland.


The year in business:
1.January - The year in business
2.February - The year in business
3.March - The year in business
4.April - The year in business
5.May - The year in business
6.June - The year in business
7.July - The year in business
8.August - The year in business
9.September - The year in business
10.October - The year in business
11.November - The year in business
12.December - The year in business

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