New Slovak government wins confidence vote in parliament

Slovakia's newly formed government won a parliamentary confidence vote on Tuesday as the legislature approved its program manifesto including a relaxation of budget targets and moderate cuts in taxes for companies and small businessmen. The cabinet, led by incumbent Prime Minister Robert Fico, is made up by four center and center parties, an arrangement forced by an inconclusive March election and a threat of instability ahead of the country's European Union presidency in the second half of this year. The government plans to achieve a balanced budget by the end of its term in 2020, two years later than previously planned for the euro zone country but still in line with the currency club's rules.

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