Zilina has highest debt-to-income ratio among Slovak cities and towns

Zilina tops the list of Slovakia's cities and towns when it comes to the debt-to-income ratio, standing at 149 percent as of the end of 2010, the Institute for Economic and Social Reforms (INEKO) announced on Tuesday. The calculation includes Zilina City Hall's EUR 50m loan from the state that was used towards the purchase of land for the KIA car plant in the nearby village of Teplicka nad Vahom. If this loan were disregarded, the debt-to-income ratio for Zilina would shrink to 49.5 percent, INEKO said.