Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Government to review contracts

THE PREVIOUS government spent more than €500 million during its last three months in office, Prime Minister Robert Fico told a press conference, adding that he viewed this as “wasting money and one of the reasons why Slovakia’s state deficit has grown”, the SITA newswire reported.

THE PREVIOUS government spent more than €500 million during its last three months in office, Prime Minister Robert Fico told a press conference, adding that he viewed this as “wasting money and one of the reasons why Slovakia’s state deficit has grown”, the SITA newswire reported.

“It is like getting a white elephant in the form of a deficit; something we would not wish to any government,” Fico stated, as quoted by SITA.

Fico said his government has information about waste at some specific ministries and that all contracts signed between October 2011, when the government of Iveta Radičová fell, and March 2012 will be reviewed, including contracts for goods, construction work and services.

The state budget deficit rose to €1.155 billion in the first quarter of 2012. At the end of February the deficit was €846 million and the deficit at the end of March was €500 million higher than in March 2011. State revenue at the end of March had dropped by 10.3 percent year-on-year to €2.468 billion and expenditures rose by 6.3 percent year-on-year to €3.623 billion, SITA wrote.

Top stories

Šumiac breaks sweat record: first sauna to be revived

The sauna built in Šumiac by miller Michal Demo after returning from Russian captivity was the first one not just in Slovakia but in the entire former Czechoslovakia. Now it can be saved and re-used.

The construction of first Slovak sauna in Šumiac

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between August 18 and August 27, as well as regular services in different languages, training for foreigners in English and highlights of the year.

Pivobrana - Beer Festival

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Agrokomplex opens its gates Photo

This year’s exhibition has more discussions with experts and a family programme.