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ECONOMIC BRIEFS

Cabinet nixes minimum wage increase

In its November 3 session, the new Slovak Cabinet discussed and passed a proposal to cancel the former Slovak Cabinet's draft law increasing the minimum wage. The issue will be settled later in connection with the 1999 state budget draft, the Cabinet's communiqué reads.

The former cabinet of Vladimír Mečiar approved a bill that revised the minimum wage law on October 20. This bill increased the minimum wage from 3,000 to 4,000 Sk ($90 to $110) per month, or 23.50 Sk per hour, as of January 1999. The increase would also have influenced minimum wage tariffs, maximum and minimum premiums, and the maximum welfare benefits of the unemployed. The huge increase in the minimum wage earned harsh criticism from the former opposition camp.

Brigita Schmögnerová, the new Finance Minister, told journalists that if any increase was approved by the government, it would likely fall into the range of 3,600 to 3,800 Sk.

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Austrian natural gas station close to Slovak border exploded Video

The incident, which claimed one fatality and at least 18 injuries, also created an emergency in a Slovak village close to the Austrian border.

The explosion of Austrian natural gas station in Baumgarten, December 12.

Blog: Environmental sustainability is the future for sustainability in business

A great example of how you can make a difference by sharing your passion with others: Ivana Maleš, co-founder of the Institute for Circular Economy, describes her journey from a blogger and promoter of the zero…

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Developers in Bratislava withdraw applications for important investment statutes for their projects

J&T Real Estate and HB Reavis declare continuation in their projects without the statutes.

New development projects are going to change the skyline of Bratislava.

PM Fico before Smer congress: I don’t want to run for president

At the party congress, vice-chairman of the ruling party, Marek Maďarič, has been replaced by Richard Raši. Otherwise, no major changes have taken place.

L-R: PM Robert Fico, outgoing Žilina governor adn Smer vice-chair Juraj Blanár, Culture Minister and resigned vice-chair Marke Maďarič, and his successor in party position, Košice Mayor Richard Raši at Decemebr 9 congress.