EU Economic and Financial Affairs Commissioner Olli Rehn said that yesterday's decision of Slovakla's parliament not to provide loan to Greece under the European Financial Stability Facility was a breach of the commitment undertaken by Slovakia but it will not have a negative impact on the Greek loan and rescue plan. Analysts commented that the decision will probably have a long-term negative impact on Slovakia by increasing the political mistrust towards the country. It is expected that the EU finance ministers will discuss the actions of Slovakia at their next meeting in September. The Slovak parliament rejected participation in the loan facility despite the preliminary agreement, signed by the previous finance minister. |
German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more
Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more
France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more