As people have to keep tightening their belts, Slovak banks are not suffering from any crisis, with a massive hike in profits in 2011. According to a press release issued by the Slovak Banking Association (SBA) yesterday, the net income of Slovak banks for 2011 translates into an astonishing 34% year-on-year hike in profit to [...]
On 26 January 2012, the Financial Market Supervision (FMS) Unit of Národná banka Slovenska issued a Recommendation for banks on supporting the stability of the Slovak banking sector. Issued in response to identified risk factors, and focusing mainly on capital ratios and liquidity, the primary purpose of the Recommendation is to strengthen the stability and self-sufficiency [...]
Today economic daily Hospodarske Noviny published an article about the proposed sale of part of gas utility SPP. Here The Daily provides you with a translation of the article. Bratislava – Part of the shares of Slovensky plynárensky priemysel may be sold off after the elections. The minority foreign shareholders, French Gaz de France and [...]
The PSA Peugeot-Citroen Slovakia plant in Trnava is upping its workforce to deal with the introduction of a 3-shift operation and so plans to take on an additional 900 workers. The third shift is being added to deal with the production of a new model and has been in the planning for the past six [...]
The total number of working age people in Slovakia registered as unemployed in December last year saw an increase of 0.26%, bringing the figure to 13.59%. The Central Office for Labour, Social Affairs and Family announced the figures on Friday 20 January, with the total being the highest monthly total seen since July 2004, when [...]
Pretty gloomy prospects are projected for Slovakia this year according to an article in Pravda daily today, which forecasts a downturn in industrial orders, rising unemployment and weaker economic growth. The daily approached various analysts, including David Derenik from Unicredit Bank, who feels that unemployment will pose the biggest problem in Slovakia this year, referring [...]
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