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[Mikulas DZURINDA]; Slovak National Party or SNS ; Social Democratic Party of Slovakia or SSDS ; SMER [Robert FICO] Political pressure groups and leaders: Association of Employers of Slovakia; Association of Towns and Villages or ZMOS; Christian Social Union; Confederation of Trade Unions or KOZ; Metal Workers Unions or KOVO and METALURG; Party of Entrepreneurs and Businessmen of Slovakia International organization participation: Australia Group, BIS, BSEC (observer), CCC, CE, CEI, CERN, EAPC, EBRD, ECE, EU (applicant), FAO, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat (nonsignatory user), Interpol, IOC, IOM, ISO, ITU, NAM (guest), NSG, OPCW, OSCE, PCA, PFP, UN, UNCTAD, UNDOF, UNESCO, UNIDO, UNTSO, UPU, WEU (associate partner), WFTU, WHO, WIPO, WMO, WToO, WTrO, ZC Diplomatic representation in the US: chief of mission: Ambassador Martin BUTORA chancery: (temporary) Suite 250, 2201 Wisconsin Avenue NW, Washington, DC 20007 telephone: (202) 965-5161 FAX: (202) 965-5166 Diplomatic representation from the US: chief of mission: Ambassador (vacant); Charge d'Affaires Douglas HENGEL embassy: Hviezdoslavovo Namestie 4, 81102 Bratislava mailing address: use embassy street address telephone: (7) 5443-0861, 5443-3338 FAX: (7) 5441-5148 Flag description: three equal horizontal bands of white (top), blue, and red superimposed with the Slovak cross in a shield centered on the hoist side; the cross is white centered on a background of red and blue @Slovakia:Economy Economy - overview: Slovakia continues the difficult transition from a centrally planned economy to a modern market economy. It started 1999 faced with a sharp slowdown in GDP growth, large budget and current account deficits, fast-growing external debt, and persisting corruption, but made considerable progress toward achieving macroeconomic stabilization later in the year. Tough austerity measures implemented in May cut the overall fiscal deficit from 6% in 1998 to under 4% of GDP, and the current account deficit was halved to an estimated 5% of GDP. Slovakia was invited by the EU in December to begin accession negotiations early in 2000. Foreign investor interest, although rising, has not yet led to actual deals; several credit rating agencies have upgraded their outlook for the country. However, Slovakia's fiscal position remains weak; inflation and unemployment remain high; and the government is only now ad
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