BUSINESS BRIEFS

Job creation stimulus passed

Parliament has passed a job-creation package freeing employers from paying five months of social fund dues on the salaries of long-term unemployed people or recent graduates.

Slovakia has one of the highest unemployment rates in Europe at just under 20%. During its term the government has introduced a public works programme designed to bring levels of joblessness down.

However economists say illegal employment is commonplace because of the relatively high costs for employers when taking on staff.

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