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

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)

Slovakia lures tourists

The country is attractive for visitors as a friendly and safe country with plenty of tourist draws .

Slovak mountains are attractive the year round.

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project