Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Moody’s lowers outlook for banks

MOODY’S Investors Service changed its outlook for Slovakia’s banking system from stable to negative, citing weaker economic growth and quality of assets in the banking sector, in its most recent rating released on March 27.

MOODY’S Investors Service changed its outlook for Slovakia’s banking system from stable to negative, citing weaker economic growth and quality of assets in the banking sector, in its most recent rating released on March 27.

Moody’s expects that the economic downturn within the European Union will put pressure on asset quality and profits in Slovakia’s banking sector, the SITA newswire wrote, while noting that these factors are somewhat mitigated by expectations that the sector will maintain good liquidity and adequate capitalisation.

The rating agency wrote that it expects growth in Slovakia’s GDP to decelerate to about 1.7 percent in 2012 from 3.1 percent in 2011 and 4 percent in 2010. Despite profit growth in the banking sector over the last two years, Moody’s expects profits will now fall because of the weakened business environment.

Top stories

Wooden toothbrushes prompt small-scale industrial revival in Bratislava Photo

To begin with, young enthusiast Roman Kovács just wanted to change his local environment for the better, and to help people.

Roman Kovács wants to renew production of wooden toothbrushes in Bratislava.

Blog: HR Marketing: Not everybody can be Google!

It is important to know who your target audience is and the position you aspire to achieve as an employer on the market.

Illustrative stock photo

The idea of Slovakia

What does this country stand for? Slovaks could – and should – shout a little louder about what they have achieved, and where they want to go.

D1 highway, illutsrative stock photo

Amazon chose Slovakia for its top returns centre Photo

The online retainer lures its future workers by wages and benefits.