Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Moody’s issues 3% target warning

THE RATING agency Moody’s has followed Slovakia’s central bank in warning that slower economic growth might put pressure on the country’s public finances, the SITA newswire reported on April 3.

THE RATING agency Moody’s has followed Slovakia’s central bank in warning that slower economic growth might put pressure on the country’s public finances, the SITA newswire reported on April 3.

Moody’s also decreased its prognosis of Slovakia’s economic growth this year from 1.4 percent to 0.9 percent, while the Finance Ministry still counts with 1.2-percent growth, SITA reported. The rating agency did not make any changes to the country’s current A2 rating.

With the current setting, however, the government might have trouble maintaining the 3-percent deficit, Moody’s noted.

“While we expect the government to take further corrective measures to close the gap created by lower-than-budgeted revenue, we believe that fiscal slippage related to the weakening economy will prevent the government from achieving its deficit target,” Moody’s commented, as quoted by SITA.

The National Bank of Slovakia (NBS) has almost halved its prediction of GDP growth for 2013. In the latest of a series of downward revisions, the NBS on March 26 cut its forecast for growth this year from 1.3 percent to 0.7 percent.

Top stories

LGBTI people in the regions: We change people’s minds

Bratislava will dress up in rainbow colours this August again, for the seventh time. This will be for the Bratislava Dúhový Pride diversity festival. But the colours of the rainbow are less bright in the regions,…

Slovakia’s LGBTI community seeks to expand their rights.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Blog: 5 things you should do on your visit to the north of Slovakia Photo

Here is a list of tips by an experienced tour guide - including things you have probably not tried before.

Bratislava growing high Photo

High-rise buildings sprouting up in Bratislava

Visualisation of the future skyline of Bratislava