Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Fitch confirms rating for Slovakia

INTERNATIONAL rating agency Fitch Ratings has confirmed the rating of Slovakia’s long-term liabilities in both domestic and foreign currency at A+ and its short-term liabilities at F1, with a stable outlook.

INTERNATIONAL rating agency Fitch Ratings has confirmed the rating of Slovakia’s long-term liabilities in both domestic and foreign currency at A+ and its short-term liabilities at F1, with a stable outlook.

It also confirmed Slovakia’s cap rating at AAA, the TASR newswire reported. Fitch explained its confirmation of the rating by noting that since the beginning of the economic crisis in 2008-2009, the Slovak economy has been among the strongest in the eurozone, as well as in central and eastern Europe. Economic growth for 2012, at 2 percent, was also in line with the agency’s expectations, in spite of much worse development in the eurozone as a whole. However, the continuing recession in the eurozone will slow economic growth in Slovakia to about 1.2 percent this year, according to Fitch.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How to translate famous anti-war sonnets into English? Photo

Queen Elisabeth II appreciates the hundred-year-old Slovak poetry, since still topical today.

Pavol Országh Hviezdoslav

Kuciak did not even have a computer as a child and he grew up to be an analyst

A village boy who angered Marian Kocner. A profile of Ján Kuciak, who recently received the White Crow award in memoriam.

Ján Kuciak

UPDATED: Lajčák considers resignation if the migration compact is rejected

The foreign affairs minister also admitted to some disputes with PM Robert Fico.

Foreign Affairs Minister Miroslav Lajčák

Czechs chose Sagan as celebrity of the century

The Slovak cyclist defeated Czech singer and icon Karel Gott, Marta Kubišová and famous actor Zdeněk Svěrák.

Peter Sagan rejoices after his victory at TdF, July 8