Spectator on facebook

Spectator on facebook

Šramko: SP deficit not threatening euro adoption

The deficit that Sociálna Poisťovňa (social insurance provider) is running at the moment doesn't threaten the adoption of the euro in Slovakia, Slovak central bank (NBS) governor Ivan Šramko said following the Government session on September 12.

He is not concerned about the prudence of citizens' savings being in the second pension pillar either. From the NBS' perspective, it's important that the current system as established makes the pension system secure. Fluctuations in the yields of savings in the second pillar are natural, according to Šramko, and the weaker efficiency of individual pension management companies (DSSes) in comparison with others has already been dealt with in legislation.

Every change in the second pension pillar will now mean bigger problems for the future, he said. That's why there is no sense in making it voluntary. This system forces the government to economically manage the persistent shortfall and to try to post lower deficits, he says. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships. He allegedly did not expect it and was easy with the idea he would not win.

Ballet legend Sergei Polunin will be guest of SND

The world-renowned personality of contemporary ballet will present two choreographies at the Slovak National Theatre in September.

Sergei Polunin

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.