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BUSINESS BRIEFS

OECD reminds Slovakia of long road

THE ORGANISATION for Economic Cooperation and Development (OECD) has published a report criticising excess Slovak government spending and stalled reforms in the health care, pension and social security systems.

OECD expert Val Koromzay also noted Slovakia's high trade and fiscal deficits, but said the organisation was not expecting the current government, with three months to go before national elections, to take radical action to address the problems.

"I would like to bring our warnings to the attention of all political parties so they know what they have to concentrate on after elections," Koromzay said.

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