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Moody’s confirms Slovakia's A1 rating

MOODY’S Investors Service confirmed Slovakia’s rating of A1 with regard to its foreign obligations and domestic currency on May 17 and added that the outlook is stable.

MOODY’S Investors Service confirmed Slovakia’s rating of A1 with regard to its foreign obligations and domestic currency on May 17 and added that the outlook is stable.

The SITA newswire reported that Moody’s announcement came in reaction to plans by the government of Iveta Radičová to take several measures towards fiscal consolidation, such as reducing public sector wage costs by 10 percent in 2011, limiting waste in public procurement, freezing public investments and increasing the overall effectiveness of public sector expenditure.


Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).