Business

Slovaks fear job loss the most Business in short Locked

AS MANY as 58 percent of Slovaks are afraid of losing their jobs, according to the results of a survey published by the GfK agency on May 14. The second most common fear concerns health (52 percent), followed by the fear of winding up in desperate financial straits, the TASR newswire reported. 20 May 2013 Compiled by Spectator staff The Slovak Spectator

Over 300 employees face layoffs Business in short Locked

UP TO 316 employees of the Galand shoe manufacturer based in Snina, in eastern Slovakia, are facing the loss of their jobs after the company reported planned layoffs at the local labour office in Humenné for May and June 2013, the SITA newswire reported. 20 May 2013 Compiled by Spectator staff The Slovak Spectator

Fitch confirms rating for Slovakia Business in short Locked

INTERNATIONAL rating agency Fitch Ratings has confirmed the rating of Slovakia’s long-term liabilities in both domestic and foreign currency at A+ and its short-term liabilities at F1, with a stable outlook. 20 May 2013 Compiled by Spectator staff The Slovak Spectator

Recycling Fund to end Business in short Locked

SLOVAKIA’s Recycling Fund should soon become history. Environment Minister Peter Žiga proposed to scrap it in his draft amendment to the law on waste, in which he also wants to prevent waste disposal facilities from purchasing scrap metal from individuals and to end the depositing of plastics, glass, paper and metal into landfills, the SITA newswire reported. 20 May 2013 Compiled by Spectator staff The Slovak Spectator

Changes will also affect the disabled Locked

THE AMENDMENT to the law on employment services, which became valid on May 1, includes changes that could markedly affect workplaces for disabled people which enjoy the support of the state. The revised legislation reduces the level of support which goes towards establishment of such sheltered workplaces, meaning that in practice they can apply for support but are not guaranteed to receive a subsidy. 20 May 2013 Radka Minarechová The Slovak Spectator

New rules to support employment The Labour Ministry amends several aspects of its labour market policy Locked

SLOVAKIA’S unemployment rate, hovering just below 15 percent, is the highest it has been in nine years. Predictions by experts for improvement this year are not encouraging. The Labour Ministry has therefore prepared several changes to the law on employment services, which will affect the aid that labour offices provide to preserve existing jobs, and is to provide the unemployed with better access to jobs. Nevertheless, the opposition suggests that the changes will do nothing to solve the high unemployment rate. 20 May 2013 Radka Minarechová The Slovak Spectator

Economy still growing, but only just Locked

THOUGH growing at a slightly slower pace than it did in the first three months of the previous year, Slovakia’s economy in the first quarter of 2013 managed to avoid recession, unlike some of its neighbours, including France – the eurozone’s second biggest economy. While, the Slovak economy grew only slightly faster in the first quarter of 2013 than during the last three months of 2012, climbing from 0.1 percent to 0.3 percent, when compared to its performance in the same period last year, Slovakia’s economy posted 0.6 percent growth, down from 0.7 percent, according to a flash estimate of the statistics authority released on May 15. 20 May 2013 Beata Balogová The Slovak Spectator

D1 highway completion delayed Business in short A RECENT landslide near Šútov in the Martin district will considerably delay the completion of the D1 highway, the Pravda daily wrote in its May 7 issue. 13 May 2013 Compiled by Spectator staff The Slovak Spectator

New EU tax to impact pensions Business in short THE NEW tax on financial transactions that the European Union plans to introduce might reduce the pensions of over one million of pension savers by tens of percent annually, the Hospodárske Noviny daily wrote in its May 7 issue. 13 May 2013 Compiled by Spectator staff The Slovak Spectator

Slovaks say corruption is widespread Business in short BRIBERY and corruption are widespread in Slovakia, at least according to the perceptions of 84 percent of respondents in a poll carried out by global accountancy firm Ernst & Young. In Europe only Slovenia, Croatia, Ukraine and Greece are perceived as having a higher degree of corruption than Slovakia, according to the company’s press release. 13 May 2013 Compiled by Spectator staff The Slovak Spectator

Families might receive less money from state Government targets social policy in savings drive THE NEED to reduce public spending is now so great that the current government, which describes itself as “socially-oriented”, is proposing cuts to family allowances in order to save money. The cabinet says the changes are intended to combat abuses of the benefit system and has promised that the restrictions will only affect those with higher incomes. 13 May 2013 Radka Minarechová The Slovak Spectator

Finance minister hails 1 percent THE OPPOSITION has collected 40 signatures to launch an appeal to the Constitutional Court against a change to the law governing the court’s own operation which the ruling Smer party passed via a fast-tracked proceeding on April 30. Smer justified its sudden move by saying that it was necessitated by the need to resolve the ongoing deadlock at the court in the case of Slovakia’s next general prosecutor. A series of objections against the court’s 13 judges has left only one of them not subject to claims of bias by either general-prosecutor-elect Jozef Čentéš or President Ivan Gašparovič, who has been refusing to appoint Čentéš for nearly two years since he was chosen as general prosecutor by parliament. 13 May 2013 Beata Balogová The Slovak Spectator

Smer's pet project runs into delays THE PET project of the government of Robert Fico to reintroduce a unitary health insurance system, which has already put private health insurers operating on the market on alert, is falling behind its original schedule. The so-called transformation law, essential for one of the most discussed plans of the Fico administration, should have already come into effect on May 1. Yet state officials say the delay is due to efforts to devise a watertight law that is resistant to eventual arbitration, which the private insurers say would follow in the event of their expropriation by the state. Meanwhile, the Association of Health Insurers (ZZP), which groups the country’s two private health insurers, Dôvera and Union, suggested that the government should use the delay to reconsider its plan. 9 May 2013 Beata Balogová The Slovak Spectator

Economic sentiment improves Business in short THE MOOD in the Slovak economy improved again in April, according to the indicator of economic sentiment measured by the Statistics Office, which went up month-on-month by 2.2 points to 92.6 points, the SITA newswire reported. 6 May 2013 Compiled by Spectator staff The Slovak Spectator

Health-care sector debt rises Business in short HEALTH CARE remains one of the most problematic sectors in the national economy. The sector’s debt has risen year-on-year by €62.8 million to €213.3 million, the SITA newswire reported, quoting a document about health-care sector debt, which the cabinet acknowledged on April 30. 6 May 2013 Compiled by Spectator staff The Slovak Spectator

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