Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

70% of jobless without work for over a year

Of the over 510,000 unemployed people in Slovakia (19.19% of the labour force) at the end of July, almost 70% have been without a job for longer than a year. Labour Minister Peter Magvaši said on September 6 that generous social benefits allowances do not motivate people to seek jobs.

Cabinet recently passed a draft amendment to the welfare system which would lower the maximum unemployment benefit from 5,400 Slovak crowns to 4,500, and shorten the time for receiving benefits from 12 to 9 months.

Magvaši added that the government would also seek to battle rising unemployment by removing tax and bureaucratic barriers for tradesmen and small entrepreneurs. In this way, he said, the cabinet hoped to increase the number of self-employed people from the current 220,000 to 400,000.

This year, unemployment has risen sharply on the shoulders of the industrial and construction sectors, where 40,000 people combined have lost their jobs in 1999.

Top stories

Night life in Bratislava will not end

Councillors for the Old Town adopt new opening hours for pubs, night clubs and restaurants.

Cvernovka's creative talents celebrate first open day at new premises Photo

Bratislava's art and design ateliers from the old yarn-making factory open their doors on May Day.

New premises for Cvernovka

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.