Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

NBS reduces its GDP-growth forecast

THE NATIONAL Bank of Slovakia (NBS), the country’s central bank, has lowered its forecast for Slovakia’s economic growth in 2012. Last December the bank predicted GDP would rise by 2.3 percent this year but now forecasts growth of only 2.1 percent, the SITA newswire reported.

THE NATIONAL Bank of Slovakia (NBS), the country’s central bank, has lowered its forecast for Slovakia’s economic growth in 2012. Last December the bank predicted GDP would rise by 2.3 percent this year but now forecasts growth of only 2.1 percent, the SITA newswire reported.

The governor of the NBS, Jozef Makúch, told a press conference on March 27 that the bank’s prediction was prepared when uncertainty on financial markets was no longer growing but that foreign demand was gradually falling. He added that the mid-term prognosis was positively influenced by good Slovak economic growth in the last quarter of 2011 and negatively influenced by labour market conditions.

Makúch added that the bank’s new prediction still has several risk factors such as the need for continued fiscal consolidation by the government that has an unclear economic impact and by potential tightening of lending conditions in Europe that could impact on foreign demand and investments in Slovakia, SITA wrote.

The NBS forecasts that the Slovak economy will grow by 3.1 percent in 2013 and by 4.2 percent in 2014.

Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4