NBS: Net debt in Slovak economy up €300 million in Q4 2011

Net debt in the Slovak economy rose by €300 million in the final quarter of 2011, the central bank (NBS) reported on Wednesday, March 21.

Net debt in the Slovak economy rose by €300 million in the final quarter of 2011, the central bank (NBS) reported on Wednesday, March 21.

"This deterioration represented 1.9 percent vis-a-vis GDP for the relevant quarter," said NBS as quoted by the TASR newswire. The net debt was 0.9 percent higher quarter-on-quarter, but it fell by 1.8 percent year-on-year. Developments in the fourth quarter were mainly due to financial transactions carried out by public administration bodies. The most significant single factor was a €1.2-billion fall in deposits in Slovak banks, an increase in long-term credit of €700 million received from abroad and a rise of €600 million in issued treasury bills held by domestic financial institutions.

Meanwhile, households and non-profit institutions serving households improved their credit position by €1.2 billion during the quarter.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

The Knihotaxi runs every Friday, Saturday and Sunday in Bratislava.

‘Book Taxi’ – new service to sell old books launches

Novels need not end up in trash, says company behind scheme.


24. jun
Culture Minister Natália Milanová of OĽaNO on June 22, 2022.

New media laws could allow politicians to intervene more in output

Media ownership and funding should also become more transparent.


23. jun

News digest: Salvator pharmacy will resume its original function

Bratislava marks the 280th anniversary of Maria Theresa's coronation, what to do with unwanted books, and decommissioning a former nuclear plant might take longer than planned.


24. jun
SkryťClose ad