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BUSINESS IN SHORT

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

End of investigative show a cause for concern

Media freedom watchdogs believe the scrapping of the only investigative show on public-service television is a threat to its independence.

Jaroslav Rezník

Proxy for Roma criticises minister Kaliňák for ethnical and group discrimination

The government proxy slammed Interior Minister Robert Kaliňák for the draft law on repressing criminality in Roma settlements, for populist discrimination and preferring repression to prevention.

Roma communities, illustrative stock photo

Slovak racer Svitko finished at Dakar Video

After a serious fall in the tenth leg, Slovak motorcyclist Štefan Svitko resigned from the 40th year of the Dakar Rally due to pain in his upper body.

Štefan Svitko

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.