Rating agency forecasts reducing the debt for Slovakia

The rating agency expects economic growth for Slovakia in the next three years – at the level of about three percent annually.

The British Jaguar Land Rover (JLR) company comes to Nitra among foreign investments.The British Jaguar Land Rover (JLR) company comes to Nitra among foreign investments. (Source: Sme )

Standard and Poor’s rating agency confirmed a rating of A+ for Slovakia on January 27, with a stable outlook. It forecasts fast economic growth for the country, reducing the debt and continuing to attract the interest of investors, the Finance Ministry informed the TASR newswire.

S&P in its evaluation expects the economic growth in Slovakia between 2017 and 2020 to be at about three percent a year. It also positively appraises the relatively low external debt of the country and expects a gradual decrease of the public debt.

Apart from stable economic growth, the cabinet measures to improve tax collection have contributed to this development, the ministry added.

“Slovakia remains an attractive country for foreign investments,” the ministry stated, as quoted by the Sme daily, “while the continuing construction of the Jaguar Land Rover plant near Nitra should bring along, as expected, more foreign investments of suppliers, amounting to about €100 million,” the ministry informed, adding that these investments will result in more new jobs.

The Slovak banking sector also remains stable and well-capitalised, and the share of unpaid loans is at an acceptable level.

“However, the structural problems – especially regional disparities, an aging population and continued long-term unemployment are currently limiting the potential increase in Slovakia’s rating according to S&P,” the Finance Ministry wrote.

Top stories

PM Eduard Heger

Coalition finds a compromise. Non-vaccinated will not pay for tests for work, school or shops

Hundreds of people protested against the amendment that the parliament advanced to the second reading.


10 h
Dancers perform in the streets of Trenčín, spotlighting the architecture of the city.

Slovakia will open a new institute, this time in Jerusalem

Culture, sports and travel stories rounded up in one place.


23. júl
The Office of the Public Defender of Rights flies the rainbow flag to mark the Bratislava Pride in 2021.

The pandemic has made it clear that we must stand together

International friends and partners of Slovakia celebrate Bratislava Pride.


23 h

Bratislava Pride will take place online

It will be streamed on July 24 and accompanied by numerous music performances.


22. júl