BRATISLAVA, Oct 27 (Reuters) - Here are news stories, press
reports and events to watch which may affect Slovak financial
markets on Monday.
PRODUCER PRICES
The Statistics Office will publish September producer price
data. The market expects PPI at +0.1 percent on the month and
+6.3 percent on an annual basis.
GOVERNMENT COUNCIL ON ECONOMY
The government's Economic and Social Council will debate a
report on economic and fiscal developments in the first three
quarters of 2008 and the outlook for the rest of the year.
CBANKER TELLS GOVT TO HAVE BUDGET CUTS READY
Slovak central bank Governor Ivan Sramko called on the
government to have spending cuts ready from early 2009 to ensure
it meets its fiscal deficit goal if budget revenues fall short
of the plan.
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SLOVAKIA APPROVES FULL BANK DEPOSITS INSURANCE
Slovak lawmakers approved on Friday a government proposal to
expand insurance to the full amount of bank deposits after the
global financial crisis pushed some European Union members to
take similar steps.
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C.BANK FOREX RESERVES EASE TO $17.2 BLN
The Slovak central bank's (NBS) foreign currency reserves
edged down to $17.242 billion as of Oct. 22, from $17.878
billion on Oct. 15, the bank said on Friday.
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PRESS DIGEST
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PENSION CHANGES
The parliament has approved a government proposal to open
the private pension system. The measure will create a window for
people to opt out from the private pension funds and return to
the pay-as-you-go scheme lasting from Nov. 15 until the end of
June 2009.
Hospodarske Noviny, page 1
MAN CUTS PRODUCTION IN SLOVAKIA
German truck maker is reducing production in its parts unit
in Slovakia. The Slovak factory has already laid off some 11
people out of total 300 workforce.
Hospodarske Noviny, page 15
CHEAPER GRAIN, BREAD PRICES STABLE
Prices of bakery products are not declining despite lower
cost of grain after strong harvest. Bakers argue grain quality
is lower, while analysts said product prices are not declining
because other costs, such as energies, have increased.
Sme, page 1
Reuters has not verified the media reports, nor does it
vouch for their accuracy
News editor of the day: Peter Laca on +421 2 5341 8402; fax:
+421 2 5341 8403
E-mail: editorial@reuters.sk,
martin.santa@thomsonreuters.com
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