Spectator on facebook

Spectator on facebook

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

New legislation protects creditors from unfair mergers

Fraudulent mergers were a legal business model enabling unfair businesses to get rid of debts

Tightening conditions when merging companies will increase the red tape of lawful mergers and prolong this procedure.

Blog: How long until a robot takes your job?

Are robots really taking over? What are the benefits and what are the risks?

Illustrative stock photo

EMA will go to Amsterdam, not Bratislava

The Slovak capital finished fourth in first round of vote for the seat of the prestigious European Medicines Agency

EMA will move from London due to Brexit. It will go to Amsterdam.

They reported corruption at the Foreign Ministry. Now they receive an award

The tenth year of the White Crow award, celebrating young people and activists who break prejudices and go against the tide.

White Crow award laureates