Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

S&P confirms Slovakia’s rating

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

RATINGS agency Standard & Poor’s has confirmed Slovakia’s A/A-1 credit rating, with a stable outlook. The agency said it trusts that the Slovak government will keep its obligation to squeeze the 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 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 propel the economy towards parity with other eurozone states.

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 deficits might result in the downgrading of the rating, the agency warned.

Top stories

Infertility in men is increasing with those in their 40s better off then those in their 20s

Treatment of infertility can cost tens, or even several thousand euros. Only part of the cost is covered by health insurance companies.

To be fertile, a man has to have 15 million sperms per milligram of ejaculate, of which 4 million must be healthy.

Parties only protect their market share

Rent seeking behavior and a code of loyalty are not the ways to operate a successful democratic political party.

Interior Minister Robert Kaliňák

The art of baking Bratislava rolls Photo

Vienna has Sacher torte, Budapest has Somlói galuska and Bratislava has rolls

Ján Šimunek loves Bratislava rolls, especially those filled with poppy seed.

Fifth ice cathedral open to visitors Photo

The ice cathedral in the High Tatras will be open during the whole winter season.