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ECONOMIC BRIEFS

Labour Office to run out of funds before end of year

The National Labout Office (NÚP) predicts that it will run out of funds to pay unemployment benefits before the end of the year.

NÚP Director Jaroslav Sumny told a news conference on June 30 that the office expects to pay out 1.8 billion crowns in jobless benefits in 1999 (on forecasts of 18% unemployment), leaving the fund a full billion crowns short.

If the NÚP runs out of money, the government is obliged by law to extend it a loan.

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The Bratislava airport has competition in Vienna

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Illustrative stock photo

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Social partners agree upon a compromise solution.

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Giving a voice to those unheard

The Sme daily celebrates 25 years since its founding. It is of immense importance that it remains independent and free, writes its editor-in-chief.