Coalition Clinches Deal On 2005 Budget

November 2004
Emerging Europe Monitor: Central Europe;Nov2004, Vol. 11 Issue 11, p6
Country Report
Country Report
The article focuses on the economic development in Slovakia. Slovakia's ruling coalition has agreed upon the details of the 2005 fiscal package, which will limit the public finance deficit to 3.8&percent; of Gross Domestic Product. Economy Minister Pavel Rusko has indicated that the government has upped its forecasts for dividend revenue from stateowned companies including gas firm SPP, Slovak Telecom and energy distributors by SKK2. U.S. appliance manufacturer Whirlpool opted earlier this year to build a EUR130mn white goods and cooker making plant in Poland rather than Slovakia because of the high price being demanded by Slovak landowners.


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