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Welcome
to our Hotel Network!
Your non stop hotel reservation guide for Hotels in
Slovakia. We
searched multiple suppliers for the best Room Rate available. Often
GDS (Global Distribution System) suppliers have different room rates, due
to the fact that they individually buy blocks of rooms from hotel chains.
Check
first our Last Minute &
Hot Deals where we put a Montly update of all known LAST MINUTES! of
all Hotel Reservation Suppliers. This to get & let you informed about
all known Discounted deals in Europe!!!
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In 1918 the
Slovaks joined the closely related Czechs to form Czechoslovakia. Following
the chaos of World War II, Czechoslovakia became a Communist nation within
Soviet-ruled Eastern Europe. Soviet influence collapsed in 1989 and
Czechoslovakia once more became free. The Slovaks and the Czechs agreed to
separate peacefully on 1 January 1993. Historic, political, and geographic
factors have caused Slovakia to experience more difficulty in developing a
modern market economy than some of its Central European neighbors.
Slovakia
has mastered much of the difficult transition from a centrally planned
economy to a modern market economy. The DZURINDA government made excellent
progress in 2001 in macroeconomic stabilization and structural reform. Major
privatizations are nearly complete, the banking sector is almost completely
in foreign hands, and foreign investment has picked up. Slovakia's economy
exceeded expectations in 2001, despite recession in key export markets.
Revival of domestic demand, partly due to a rise in real wages, offset
slowing export growth to help drive the economy to its strongest expansion
since 1998. Solid domestic demand is expected to boost economic growth to
3.4% in 2002, and about 4% in 2003. Unemployment, rising to 19.8% at the end
of 2001, remained the economy's Achilles' heel. The government faces other
strong challenges in 2002, especially the maintenance of fiscal balance
ahead of the September 2002 parliamentary election, cutting budget and
current account deficits, and privatization of the Slovak energy and power
monopolies.
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