Oil prices end the week on the down side

DENVER (AP) -- After months of cutting oil production it appeared this week that oil producing nations had finally captured some control in the crude markets, at least until the latest batch of economic news sent oil prices falling yet again.

Benchmark crude for April delivery fell 80 cents at 44.44 pound a barrel on the New York Mercantile Exchange.

That is an 11 percent increase from Monday's open, but many oil traders say there is little chance prices will hold in the current economic environment, which has led to an anemic demand for energy.

The Commerce Department said Friday that the U.S. economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century.
Oil prices had risen for two consecutive days on government reports showing that oil imports were falling.

The Organization of Petroleum Exporting Countries appears to have stuck to production cuts of 4.2 million barrels a day. Most believe cut of 1 million barrels will be announced during the next OPEC meeting on April 15.

The General Motors reduced production 190 thousand cars

24.04.2009 15:10 – DETROIT

On Thursday the American automobil factory General Morors Corp reported to reduce of production in next three months to reduce of supply of private cars and trucks.

With closed 13 assembly planties in next 9 weeks GM reduced produktion in the North America 19O thousand cars. GM think, that restriction of production will reduce amount of seller in the USA 32 % to 525 thousand cars to the end of July.

In the closed assembly planties work 21 thousand staffs, who will be unnemployed.
According to analytics the closing of assembly planties of GM will deepen finance embarrassment.

The application of euro ecorted any radical problems

24.04.2009 18:58 – BRATISLAVA

From the application of euro als national currency in Slovakia in 1. January 2009 flowed more than 100 days.

TASR asked representative of government for application of euro Igor Barat to evaluate present experiences with new national currency in Slovakia.

According to him the application of euro in Slovakia overshooted really slick and no problems.

The 16 –days dual revolution overshooted slick, nowhere arised stess abating, long rows, exchange of cash money was continuous and everywhere was her sufficient and prices haven´t incereased relatively.

Today is euro practical actual daily reality, about which undiscuss.

The Slovakia showed, that is really advanced country, which proves to rise to this difficult historical step in a organizational and technical aspect very good.

The Treasure In Silver Lake

Today we offer you the ideal place, where you can feel beautiful and unchecked. You returned to the times, when you have eagerly watched the films about Winnetou.Today in places, where camped Winnetou you import by car, you pay the entrance fee but the beauty of Plitvice lakes remained equally unaffected. In addition, this natural treasure in Croatia is the only eight hour journey from Slovakia.
Plitvice Lakes are a cultural gem. The park is opened from early morning until evening hours and those who woke up rather, say that the area in the East or sunset is a romantic lagoon.

Although Plitvice Lakes occupy the entire length of the weekend, unless you have time to explore the surroundings, we recommend Senj. Senj is a typical Croatian village. When you are entangled among the aisles you have cared about entertainment, whether you are walking on the mole or to the lighthouse. You have quite a nice moment across Croatia.

The largest rivers of world wither

Have you already seen the Yellow River in China, the Ganga in India and Niger in Africa?

Can it be that until they decide to visit, will no longer exist in its current form. These alarming reports mediated to the world National Center for atmospheric Research (NCAR) in Colorado U.S. Scientists have found that global warming has an increasing impact on water flows. Most at risk are densely populated areas of large rivers in the subtropics, where is the danger of thirst and famine. By examining the available data from 925 rivers flows from 1948 to the year 2004 brought shocking results.
Up to one third of large rivers is directly threatened by global warming and about 500 rivers is now much weaker than the flow of water in the past.

Vojany thermal power plant to start unit 6 by end of May

Electricity generator Slovenské Elektrárne (SE) will re-launch unit 6 of its thermal power plant at Vojany in the Košice region, which caught fire on April 14, by the end of May.

The starting date for unit 5, which was more severely damaged by the fire, is not yet known. The fire broke out in a turbine in the power plant shortly after 21:00 on April 14.
 Economy Minister Ľubomír Jahnátek said at a press conference the day after the outage that units 5 and 6 had been put in “cold storage”. As many Slovak companies are operating at a reduced level at the current time there is sufficient electrical power on the Slovak market.

This is a temporary phenomenon. Of course, when industry is running at full steam we'll feel the lack of this generator.

 

Slovak economy to shrink by 0.9% in 2009

Slovakia's economy is heading for a contraction of 0.9 percent this year, claims Irish market-research consultancy Research and Markets, whose economic forecast for the country in 2009 is still considerably more upbeat than that of the Slovak central bank (NBS).

“We don't believe that Slovakia will avoid a recession and predict that the country's gross domestic product will fall by a real 0.9 percent in 2009,” Research and Markets says in its report on the Slovak banking sector in the first quarter of 2009.

The latest NBS forecast published two weeks ago forecast that Slovakia’s GDP would shrink by 2.4 percent in 2009. According to the Irish company, a reduction in foreign demand and falling consumer confidence will have a major impact on exports and household consumption. Research and Markets expects the Slovak economy to recover next year, with GDP growth of 2 percent.