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Gurria: Slovakia Showing Will for Discipline, Good Signal to Markets

Bratislava, November 25 (TASR) - Slovakia is on the right path towards consolidating its public finances, Organisation for Economic Co-operation and Development (OECD) Secretary-General Angel Gurria told Slovak Premier Iveta Radicova (SDKU-DS) at a meeting in Bratislava on Thursday. Gurria visited Slovakia into order to hand an OECD report on Slovakia's development to… read more

Expert Forecasts of Slovakia\'s GDP in 2010 Lower Than in November

Bratislava, November 25 (TASR) - Estimates made by bank analysts concerning Slovakia's economic growth in November, as collected and released by Slovakia's central bank (NBS), were slightly less optimistic than they were a month earlier, TASR learnt on Thursday. The experts predicted that the country's GDP will grow by 4 percent in fixed prices in 2010, which is 0.1 percentage… read more

Stanek: Government\'s Plans to Squeeze Deficit Under 3% Unrealistic

Bratislava, November 24 (TASR) - The Slovak Government's resolve to squeeze the state deficit under 3 percent of GDP by 2013 is unrealistic, Slovak Academy of Sciences (SAV) economist Peter Stanek said at the 'Marcroeconomics by New Rules' conference in Bratislava on Wednesday. "The years 2011 and 2012 won't bring recovery of the budgetary balance – quite the contrary.… read more

Radicova: Slovakia Approves Irish Bailout and Offers Four Suggestions

Bratislava, November 24 (TASR) - Slovakia is ready to provide a loan to Ireland within the European Financial Safety Framework (EFSF), but has four suggestions for managing the situation, Prime Minister Iveta Radicova (SDKU-DS) said at a press conference on Wednesday. Firstly, "we insist ... that proceeding in this way can't be a long-term solution," said Radicova. If… read more

IMF Praises Slovakia\'s Public-finance Consolidation Package

Bratislava, November 23 (TASR) - The Government's goal of reducing Slovakia's public-finance deficit below 5 percent of GDP in 2011 and its related consolidation package is well set, according to a report by the International Monetary Fund (IMF) out on Tuesday. IMF representatives visited Slovakia back in October. In order to cut this year's estimated 8-percent… read more

IMF: Government Should Concentrate on Reform of Public Finances

Bratislava, November 23 (TASR) - Slovakia should prepare reforms of institutions operating in the sphere of public finances next year. These should include the drawing-up of new rules, the setting-up of a fiscal council that would oversee their observance, and the introduction of medium-term expenditure ceilings, International Monetary Fund (IMF) analysts have recommended.… read more

Radicova Stresses Importance of V4 Partners in Energy Matters

Bratislava, November 22 (TASR) - Countries belong to the Visegrad Four grouping alongside Slovakia - the Czech Republic, Poland and Hungary - are key partners for Slovakia when it comes to energy issues, Prime Minister Iveta Radicova told a conference on energy security in Bratislava on Monday. "Apart from the V4 countries, this also concerns our other immediate neighbours… read more

Radicova: Next Cabinet Session to Set Conditions for Help to Ireland

Bratislava, November 22 (TASR) - Slovakia will help Ireland in its current financial woes, Slovak Prime Minister Iveta Radicova said on Monday, pointing out that Slovakia committed itself to such possible assistance during the tenure of the former government, TASR learnt on the same day. "The Slovak Government will adopt a principle-based stance towards the issue at its… read more

Personnel Numbers in State Institutions to Drop by 3 percent in 2011

Bratislava, November 22 (TASR) - The number of employees in state institutions is set to go down by nearly 3 percent next year, with the Labour, Social Affairs and the Family Ministry and the Finance Ministry reducing staff levels the most, according to an Economic Policy Institute (IHP) analysis released on Monday. In line with the Government-approved draft of the public… read more

Balaz: Euro Will Face Constatnt Crises Without Central Finance Authority

Bratislava, November 21 (TASR) - The euro will face constant crises without a central authority responsible for the state budgets of eurozone-member states, said Slovak Academy of Sciences (SAV) analyst Vladimir Balaz on Sunday. "The euro has one basic problem that no other world currency has. Every other world currency stands on two feet. One is its central bank, and… read more

Turkish Foreign Affairs Minister Appreciated Slovakia\'s Economic Results

Bratislava/Lisbon, November 20 (TASR) - Mutual co-operation on bilateral as well as multi-lateral level was the topic of discussion between Slovak Foreign Affairs Minister Mikulas Dzurinda and his Turkish counterpart Ahmet Davutoglu, TASR learned from Ministry's spokesman Juraj Tomaga. Both politicians agreed that Slovakia and Turkey co-operate exceptionally in the economic… read more

Radicova: Unions Should Talk First and Strike Later

Bratislava, November 19 (TASR) - The leaders of the KOVO trade union have a right to announce a strike alert, but it's much better to deal with problems at the negotiating table, Prime Minister Iveta Radicova said on Friday in response to the union's stated plans earlier in the day. KOVO chairman Emil Machyna said earlier on Friday that his union has decided to announce… read more

Tvaroska: Public Finance Deficit Will Be Kept at 4.9% Next Year

Bratislava, November 18 (TASR) - The parliamentary committee for finance on Thursday recommended that the House should pass the State Budget Act for 2011. In line with general expectations, coalition MPs (enjoying a majority) voted in favour, while opposition lawmakers were against. Parliament is set to vote on next year's state budget at its December session,… read more

Unemployment Rate Down Slightly to 12.29% in October

Bratislava, November 18 (TASR) - The number of jobless Slovaks contracted slightly in October when compared to the previous month, TASR learnt on Thursday. The unemployment rate in October fell by 0.13 percentage points on the month to 12.29 percent, said the Centre for Labour, Social Affairs and the Family. According to the latest figures, as many as 374,200 people… read more

AmCham Presents Miklos With Proposals for Improving Business

Bratislava, November 18 (TASR) - Profits from selling shares in companies should be tax-free, and the system of fines for breaking accounting and tax-paying rules should undergo changes, according to key proposals presented by the American Trade Chamber (AmCham) at a meeting with Finance Minister Ivan Miklos on Thursday. "We need to look into this in detail and assess… read more

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