Spectator on facebook

Spectator on facebook

S&P: Slovakia’s rating confirmed as A+

The well-established rating agency, confirmed the long-term rating for the country, with a stable outlook.

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

Standard & Poor’s (S&P) announced the results of the credit rating as cited by the Slovak Finance Ministry, the TASR newswire wrote on July 28.

The agency is mostly concerned with the stable and relatively fast economic growth of the country, which should achieve a level of about 3.5 percent annually in the upcoming period – also thanks to the increasing consumption of Slovak households, the growing loan activities of banks and stable private capital investments.

S&P has also positively evaluated the low debt burden of the public sector, sustainable public finances, the stable volume of foreign investments and the well-capitalised banking sector with a low incidence of troublesome credits (5%). According to its estimates, the Slovak public debt should decline to about 48 percent of GDP by 2020.

The risks threatening economic development include, as cited by Standard & Poor’s, mainly the aging of the population, regional disparities and the issue of long-term unemployment.

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.

Topic: Economics


Top stories

We will not allow Ján and Martina to be forgotten

Statement from Slovak journalists half a year after the murder of Ján Kuciak and Martina Kušnírová

Illustrative stock photo

Yuri Dojc: I did not want to live under occupation

Slovakia is not even close to what I remember from my life here, says the Canadian-Slovak photographer.

Yuri Dojc today: "A reflection of an older man in the mirror with glimpse of an attractive woman , who is my wife"

Our emigrants’ stories: lessons in humanity

Slovaks who fled the 1968 occupation tell us what it means to be a refugee.

Pictures from The Gift pantomime show. Milan Sladek wrote it in the Swedish Goteborg in 1969 as a metaphor of Czechoslovakia's cohabitation with the Soviet Union.

We were on the run, but we were welcomed Photo

Slovak-Swiss writer Irena Brežná was forced to emigrate but found a way to fill her life with meaning in a foreign land.

Irena Brežná arrives to Switzerland.