BUSINESS IN SHORT

Richter wants to cut unemployment

LABOUR Minister Ján Richter wants to reduce the number of jobless in Slovakia to 11.8 percent by 2016, i.e. the level of the average unemployment rate in the eurozone as recorded in December 2013, the TASR newswire reported on April 22.

LABOUR Minister Ján Richter wants to reduce the number of jobless in Slovakia to 11.8 percent by 2016, i.e. the level of the average unemployment rate in the eurozone as recorded in December 2013, the TASR newswire reported on April 22.

The registered unemployment rate in Slovakia stood at 13.28 percent in March, down by 0.21 percentage points compared to the previous month. In annual terms the number of jobless fell by 1.4 percentage points, according to the statistics of the Central Office of Labour, Social Affairs and Family (ÚPSVaR).

“I will be happy if we make it at least to the level seen in the eurozone,” Richter said, as quoted by TASR. “This is also the target that was set at Smer party’s congress. We will do our best to deliver on this objective.”

Slovakia registered the jobless rate below 12 percent in the first half of 2009, i.e. before the crisis erupted and the number of unemployed started to rise steeply, the Sme daily wrote.

One way to reach the proposed unemployment number is to reform vocational education, Richter said. According to him, the whole system should be returned to the way it was before 1989, when it was running properly. These days, Richter said, schools do not provide people with the kind education needed by the labour market, as reported by Sme.

Toward that end, the Education Ministry is working on a bill to introduce a dual education system, which would provide students with hands-on experience and work habits by enabling them to learn directly in companies.

“The deadline for submitting the bill to the governmental session is December 31, 2014,” Education Ministry spokesperson Michal Kaliňák told Sme.

Top stories

German Ambassador Thomas Götz

More focus on research would draw investment

SLOVAKIA is not doing enough to support research and development, says German Ambassador Thomas Götz, who represents the country with one of the largest number of investments in Slovakia. 

The architecture of the spa in Rajecké Teplice took its inspiration from ancient Greece.

Spa towns offer a healing experience

MUCH has been written about the difference between travellers and tourists. 

Peter Sagan triumphant in Paris

Sagan won his fourth green jersey in the Tour de France, finished 46th overall

SLOVAK cycling racer Peter Sagan won the points competition at the Tour de France 2015, earning his fourth green jersey, in his fourth ride at the legendary cycling race.

Prime Minister Robert Fico

Fico: No debt relief for Greece

PRIME Minister Robert Fico is reiterating that Slovakia would not agree with any debt relief for Greece, even as the International Monetary Fund has opined that Greek debt remains unsustainable.