Small shadow economy

Slovakia has the smallest shadow economy among the EU candidate countries, at 18.3 percent of GDP, according to 2001-2002 figures from the Slovak National Office of Society Development (NSLR). Only the Czech Republic has similar figures, with Estonia and Latvia at almost 40 percent.

There were sharp differences between individual parts of the country. In areas of Bratislava, the informal economy represents as little as 3.7 percent of GDP, whereas in Rimská Sobota, the proportion is as high as 35.5 percent.

The NSLR suggests that a reorganisation of the social system may help to reduce cash-in-hand work, as unemployment benefits would be linked to previous official income.

Compiled by Conrad Toft from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

Testing is impossible to carry out as planned, president says

President Zuzana Čaputová asked the government to reconsider measures for people who do not get tested, many will not get a chance.

President Zuzana Čaputová met with the representatives of the armed forces.

The big test is upon us. What are we to do?

For a foreigner living in Slovakia, there is yet another concern.

Health care professionals still lacking ahead of Saturday's testing

Government avoids mobilisation for now, PM offers an extra bonus to health care professionals who can serve the whole weekend.

Dolný Kubín

News digest: Who will take the swabs?

The government offers hundreds of euros to health care staff for testing. Curfew ends on Saturday for some. Take a look at testing sites and more.

PM Igor Matovič helped with testing in Tvrdošín.