The NBS considers the pace of vaccination to be greater than that of GDP growth
Police have announced strict border controls for tomorrow. Ministry analysts have revised their GDP growth prognosis. US Steel employees in Košice threaten to strike.
Good night. Today’s Slovakia Tuesday, June 22, 2021 edition is ready with today’s top news in under five minutes. We hope you enjoy reading it.
Prognosis revised upwards, important vaccination
Illustrative image bank (Source: TASR)
Analysts from the Financial Policy Institute (IFP), reporting to the Ministry of Finance, revised their macroeconomic forecasts for GDP growth for this year, raising their initial forecast from 3.3% to 4.6%.
On the other hand, the economy is expected to grow by 5% in 2022, down 1.3 percentage points from previous forecasts.
Meanwhile, the National Bank of Slovakia (NBS), the country’s central bank, estimates that GDP will reach its pre-crisis level by the end of this year, with decent growth thereafter. In 2023, the Slovak economy is even expected to be at the level it could have reached had the pandemic not broken out.
NBS Governor Peter Kažimír stressed that it is not the pace of economic growth, but that of vaccination that is now the most important. Vaccination not only saves lives, but also maintains the chances for economic growth and a decent labor market. A possible failure in this area would put great pressure on health care, which would then have consequences for the development of the economy, he added.
US Steel launches strike alert
Illustrative image bank (Source: TASR)
The unions of the company US Steel Košice declared a strike alert on Tuesday, due to the lack of agreement on an amendment to the collective agreement in force.
One of the contentious subjects includes the extension of the weekly working time, proposed by the company. Currently, employees work 35.5 hours per week, which the unions want to keep. Other proposals discussed include tariff wage growth for this year and other benefits.
Negotiations will now continue with the help of a mediator.
The management of the steel plant said on Tuesday it agreed with the unions’ request to involve the mediator.
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News about the coronavirus and vaccination
- 59 out of 6,071 PCR tests carried out on June 21 came back positive, and out of 37,584 antigenic tests, 46 were positive. Six more people have died from Covid, bringing the total to 12,502.
- 1,327 people who came from Hungary to Slovakia since June 15, have submitted the e-Hranica form and are gradually being tested with PCR tests, the health ministry said. Only one has been positive so far. The ministry in particular asked Slovak fans who attended the EURO soccer match between Hungary and Portugal in Budapest to register and get tested due to fears of the spread of the Delta variant.
- Spain do not consider Slovakia, a state at high risk of infection more. The list of countries is updated every seven days, which is why the Ministry of Foreign Affairs recommends checking for updates. Learn more here.
- Members of the foreign and border police apply intensely quarantine rules at the Čunovo-Rajka border crossing June 23.
Picture of the day
The Biela Noc (White Night) festival inaugurated a space installation called TUBE by artists Numen / For Use in the former covered market in Bratislava. The installation will be on display until the end of August.
(Source: Martina Mlčúchová MMMlivephoto)
Featured article for today
While logistics real estate was once less attractive than the office or retail sectors, the Covid-19 pandemic and subsequent closings accompanied by an increase in online shopping have increased demand for logistics real estate. As a result, industrial and logistics properties were the least affected by the pandemic, and the most attractive to investors.
In other news
- Ján Herák has left parliament. He relinquished his mandate on suspicion of sexual abuse.
- The Košice Regional Court sentenced three brothers from the Paška family due to a street fight in November 2015. All three were found guilty of causing unrest and two of damage to health in addition, the court upholding a two-year suspended sentence for Branislav Paška. Maroš Paška’s sentence was conditionally extended to nine months and Martin Paška’s sentence was conditionally extended to three months.
- Kosice Airport will launch charter flight to Zadar in Croatia July 3. Air Explore airlines will be sending planes every Saturday until September 4.
- PWE Energy is building a geothermal power station near Prešov. The first phase of the project, subject to the environmental impact study, could cost 54 million euros. A similar project is being prepared in a locality near Žiar nad Hronom.
- Flixbus restores bus between Prešov and Munich June 24. The company will ship them four times a week, with stops in Slovakia at Košice, Rožňava, Rimavská Sobota, Lučenec, Zvolen, Nitra and Bratislava.
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22. June 2021 at 18:17 | Nina Hrabovská Francelová