Spectator on facebook

Spectator on facebook

BUSINESS BRIEFS

Unemployment falls to 1998 levels

APRIL's unemployment fell to 15.44 percent the Labour Ministry reported, the lowest figure since the end of 1998.

Martin Barto, an analyst from Slovenská sporiteľňa bank, said: "Unemployment dropped mainly thanks to new jobs with foreign investors. Slovak businesses are still restructuring and laying off workers, but foreign investors are taking on more people than [Slovak businesses] are making redundant."

Other analysts point out that changes in unemployment registration earlier in the year have kept the figures down, and say numbers can be expected to rise in the future. Today's unemployment is on a similar level to that of Spain.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).