Economy

NBS Keeps Latest Outlook for 2017 Growth Unchanged at 3.1 percent

Bratislava, January 31 (TASR) – The Slovak economy is expected to grow by 3.1 percent this year before picking up momentum and posting growth of 4.2 percent next year and 4.6 percent in 2019, TASR learnt from the updated mid-term forecast that Slovakia’s central bank (NBS) released on Tuesday.

The prognosis remained the same as in December, even after NBS took the latest information into account. This included, most notably, GDP growth composition in the third quarter of 2016 and a range of domestic and foreign monthly indicators, as well as expectations regarding commodity prices and currency exchange rates.

Inflation is expected to grow in tandem, as consumer prices are forecast to rise by 1.2 percent this year, by 1.8 percent in 2018 and by 1.9 percent in 2019.

NBS also envisages a stronger influence of economic developments on job creation, which is expected to propel growth in employment by 1.6 percent. The unemployment rate could shrink to 7.3 percent as of the end of 2019.

Bratislava Transport Museum Opens Exhibition to Mark 110 Years of Vienna Tramway

The Slovak Technical Museum - the Transport Museum in Bratislava on Thursday opened an exhibition to mark 110 years since the launch of the Vienna Tramway.

Takac: Police Launch Criminal Investigation, Infested Wood Being Extracted Urgently

The police have already launched a criminal investigation regarding the failure to address the bark-beetle infestation in Banska Bystrica region, Agriculture and Rural Development Minister Richard Takac, who filed a criminal complaint in this connection in May, told a news conference on Monday.

SPPK: If Farmers Aren't Taken Seriously, They Will Be Seen in Streets More Often

If farmers' demands are not taken seriously, they will be seen in the streets more often, Slovak Agriculture and Food Chamber chairman Emil Macho told a news conference held in front of the Parliament's building on Thursday.

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