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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

Chinese are closer to taking over Košice steelworks

The sale may be completed early next year, according to reports.

U.S. Steel Košice

Third anti-corruption march drew thousands Photo

The only demand that has been met to date is the abrogation of Vladimír Mečiar’s amnesties by parliament.

The anti-corruption march

Slovak water slalom racers start championship with a victory Video

The single canoe slalom team can boast with several records.

l-r: Alexander Slafkovský, Matej Beňuš and Michal Martikán

Blog: In Slovakia, tradition is key

The year round, the calendar is filled to the brim with traditional habits, happenings that seem to go back centuries.

Traditional "vinobranie" event in Pezinok.