Spectator on facebook

Spectator on facebook

BUSINESS BRIEFS

Grey economy at 15% of GDP

Eurostat, the European Union statistics agency, estimates Slovakia's 'shadow' or 'grey' economy represents 15% of the country's official GDP. Other studies have suggested the figure is as high as 17%.

Illegal labour is thought to be widespread in the business sector. Many employers and employment experts point to generous unemployment benefits, a relatively high minimum wage and high employer taxes as reasons for a burgeoning shadow economy.

The same agency also puts health sector bribes at Sk12 billion ($248 million) a year, or about $46 for each Slovak resident.

The EU warned in a recently released annual report on the country that corruption was widespread in many sectors and urged the government to take more steps to combat graft and increase transparency.

Top stories

It’s not easy being an ‘alien’ in Slovakia

Are Slovaks scared of foreigners? The stories of those who are trying to make their homes here suggest that ignorance and bureaucratic inertia, rather than fear, cause more problems.

Dealing with state offices may be difficult and time-demanding.

What has remained here after Stoka, Propeller or Cvernovka? Photo

The book BA!! Places of Living Culture 1989-2016 brings authentic accounts about 38 independent cultural spots in Bratislava.

Blaho Uhlár, founder of the Stoka theatre, in front of the theatre in 2006.

Nu Dance festival changes date and the finale coincides with International Dance Day

The festival of contemporary dance has not just moved in time but also from the stage to the streets, encouraging public participation.

Renan Martins: Let Me Die in My Footsteps

(W)Rapping up two worlds in one music

The Fjúžn festival annually presents interesting musical projects from people who cross borders, literally or symbolically. This year, the headliner of the main festival concert on April 22 will be the French-Iraqi…

The Iraqi-French band Aiwa