Spectator on facebook

Spectator on facebook

Slovakia ranks among most miserable economies

THE BLOOMBERG newswire listed Slovakia among 20 countries with the world’s most miserable economies.

Bratislava(Source: Sme)

This means that the country appeared in the same club as Russia, Portugal and Italy. These countries struggle with various problems, like high indebtedness, low economic growth and relatively high unemployment rates, the Aktuality.sk website reported.

Though Slovakia’s economy improved its position by one place in t comparison, the so-called poverty index rose by two tenths, from 11.2 points to 11.4 points. This means that the surveyed indicators worsened.

Slovakia’s position is the worst among its neighbours, with the only exception being Ukraine. The analysts, however, say that the situation in Poland will increase as a result of the steps of its new government, as reported by Aktuality.sk.

Venezuela took the top spot as the most miserable economy, due to its off-the-charts inflation. In second place came Argentina, followed by South Africa, Greece and Ukraine, according to Bloomberg.

Top stories

Night life in Bratislava will not end

Councillors for the Old Town adopt new opening hours for pubs, night clubs and restaurants.

Cvernovka's creative talents celebrate first open day at new premises Photo

Bratislava's art and design ateliers from the old yarn-making factory open their doors on May Day.

New premises for Cvernovka

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.