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.

Topic: Economics


Top stories

Garth: We need a deal that will benefit both

“When I talk to the Brits living in Slovakia, they are quite relaxed about things,” UK Ambassador to Slovakia Andrew Garth says about the Brexit-related concerns.

UK Ambassador to Slovakia Andrew Garth

“Natural police” to protect nature and animals

Those who commit crimes against the environment should watch out.

Illustrative stock photo

Regional authority stops money for school that warned against fascists

Though there is no obvious link between the criticism and the decision to scrap the subsidy, there are some indications.

Marian Kotleba

Eight Tatra peaks in 27 hours

The man from Košice ended up before his goal due to health problems.

Richard Zvolánek