Spectator on facebook

Spectator on facebook

Standard & Poor’s confirmed Slovakia’s rating

Rating agency Standard & Poor’s has confirmed Slovakia’s top A/A-1 credit rating and said its outlook remained stable. The agency said it trusts that the Slovak government will keep its obligation to squeeze budget deficit below 3 percent of GDP in 2013, the SITA newswire reported on August 5.

Rating agency Standard & Poor’s has confirmed Slovakia’s top A/A-1 credit rating and said its outlook remained stable. The agency said it trusts that the Slovak government will keep its obligation to squeeze budget deficit below 3 percent of GDP in 2013, the SITA newswire reported on August 5.

“The stable outlook takes into account our expectations that the government will continue in its effort towards the fiscal consolidation and stabilisation of the government debt,” the agency stated, as quoted by SITA, adding that one of the positives of the country is also a stable banking sector and low foreign debt.

Standard & Poor’s also reported that the potential of the Slovak economy to grow, as well as reforms to strengthen the competitiveness of the country and to reduce inequalities in the labour market, might push the economy towards other euro zone countries.

Moreover, better fiscal development and realisation of the reforms on sustainability, including the reform of the judiciary, together with quicker convergence towards the European average, might lead to improvement of the rating, SITA wrote.

On the other hand, higher state deficit might result in the downgrading of the rating, the agency warned.

Source: SITA

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

Teachers and scientist support anti-corruption march

They praise the activities of students who may change the current state of corruption.

Organisers of the first student protest, Karolína Farská and Dávid Straka.

Bojnice spa fears loss of thermal water due to coal mining

The spa has turned to the EP; the mine sees claims of the Bojnice spa as not expert-based and manipulating public opinion

People enjoying hot water in Bojnice spa.