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Economy

SBA: Slovak Banking Sector’s Profit Up by 23.8% Y-o-Y in 2016

SBA: Slovak Banking Sector’s Profit Up by 23.8% Y-o-Y in 2016

Bratislava, February 6 (TASR) – Slovakia’s banking sector posted a profit of €750 million at the end of 2016, up by 23.8 percent year-on-year, according to preliminary data released by the central bank (NBS) on Monday. Meanwhile, the Slovak Banking Association (SBA) noted that a significantly positive effect for

FinMin: GDP Growth Expected at 3.3 percent in 2017, Faster Rates Ahead

FinMin: GDP Growth Expected at 3.3 percent in 2017, Faster Rates Ahead

Bratislava, February 6 (TASR) – The Slovak economy is predicted to post growth of 3.3 percent this year, before growing at an even brisker clip in the years to come, TASR learnt from the latest macroeconomic prognosis released by the Finance Ministry’s Financial Policy Institute (IFP) on Monday. Compared

Holjencik Steps Down as URSO Head

Holjencik Steps Down as URSO Head

Bratislava, February 2 (TASR) – Chairman of the Office for the Regulation of Network Industries (URSO) Jozef Holjencik is stepping down from his post, Prime Minister Robert Fico (Smer-SD) said after meeting Holjencik on Thursday. “I’m able to announce that [Mr Holjencik] has notified me as prime minister that he’

FinMin: State Budget Surplus Up by 9.3 percent Y-o-Y in January

FinMin: State Budget Surplus Up by 9.3 percent Y-o-Y in January

Bratislava, February 1 (TASR) – The state budget’s incomes in January 2017 were €167.3 million (18.4 percent) higher year-on-year, the Finance Ministry announced on Wednesday. Meanwhile, the state expenditures were also up on an annual basis – by €83.5 million (9.3 percent). “The state budget thus posted

Pellegrini in Israel Signs Declaration to Cooperate in Digital Technologies

Pellegrini in Israel Signs Declaration to Cooperate in Digital Technologies

Jerusalem, February 1 (TASR correspondent) – Slovak Vice-premier for Investments and Informatisation Peter Pellegrini (Smer-SD) and Israeli Social Equality Minister Gila Gamliel signed a joint declaration to cooperate in the field of digitisation for the public sector in Jerusalem on Wednesday. “With madam minister, we signed a declaration to cooperate in

Danko Wants to Remove Holjencik from URSO Chair Post via Resolution

Danko Wants to Remove Holjencik from URSO Chair Post via Resolution

Bratislava, January 31 (TASR) – Jozef Holjencik, the director of the Office for the Regulation of Network Industries (URSO), should render an account in the House for what he’s done, Parliamentary Chairman Andrej Danko (Slovak National Party/SNS) told a news conference held on Parliament’s premises on Tuesday. Danko

NBS Keeps Latest Outlook for 2017 Growth Unchanged at 3.1 percent

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