Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

Real wages fall in most sectors in September

The average nominal monthly wage in Slovakia in September increased 11% year-on-year in industry and retail businesses, 2.3% in construction, 5.1% in wholesale, and 9.2% in transportation, read a report released by the Slovak Statistics Bureau on November 5.

However, when wages are adjusted with regard to the development in consumer prices, the report showed that real wages in September were lower in all monitored sectors - 1.7% lower in industry and retail businesses, 9.2% lower in construction, 5.7% lower in wholesale, and 1.3% lower in transportation.

In September, the growth in employment in retail businesses was 5.2%, while in wholesale it was 2.1% on an annualised basis. Downward trends in employment continued in industry, where it dropped 2.7%, and in the construction industry, which reported an 11.8% fall from last year.

Top stories

12 places where you can see the works of one of the best medieval wood carvers Photo

The works of the renowned Master Paul are not limited just to Levoča.

St Geirge Curch in Spišská Sobota

Heatwaves to continue in Slovakia over the following days

More than 40 people collapsed due to hot weather on Thursday.

Jourová: Fico not fully informed on all EC’s activities on double standards

European Commission President Jean-Claude Juncker will meet with Fico to discuss double quality standards of foods on July 27 in Brussels.

European Commissioner for Justice, Consumers and Gender Equality Věra Jourová

Foreigners: Events in Bratislava Video

Tips for performances and other events in the capital between July 21 and July 30, including concerts, parties, festivals, classical music, inline skating, exhibitions and more.