Spectator on facebook

Spectator on facebook

Slovak economic outlook rating improved

STANDARD & POOR’s rating agency confirmed on August 1 an A rating for Slovakia and improved its rating outlook from stable to positive.

STANDARD & POOR’s rating agency confirmed on August 1 an A rating for Slovakia and improved its rating outlook from stable to positive.

The revised outlook reflects the agency’s view that Slovakia’s fiscal consolidation will be aided by more balanced economic growth. The change indicates a “one-in-three” chance of a rating upgrade within two years if the country’s fiscal and economic performance outperforms expectations, according to the Hospodárske Noviny daily.

The agency predicts that Slovakia’s GDP will expand an average 2.8 percent in 2014-2017, driven by increasing domestic demand, improved tax revenues and decreasing public debt.

Prime Minister Robert Fico said in response that the rating justifies the ruling Smer party’s plan to introduce a package of measures costing approximately €250 million, according to Hospodárske noviny.

Compiled by Spectator staff from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Man who abducted the president’s son speaks out

The testimony of the former secret service agent could be of importance in a court process against the ex-spy boss.

Former SIS director Ivan Lexa

Press freedom is bleeding across our borders

Critical media are always the first targets of populists and press freedom enemies.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký