Spectator on facebook

Spectator on facebook

IN SHORT BUSINESS

Pension reform on track

JANUARY 1, 2005 will mark the start of the pension reform in Slovakia, when citizens will be able to assign part of their pension insurance payments to their personal accounts in private asset management companies, the SITA news wire reported on December 16.

The news comes after the parliament's passage of the pension savings law, which introduces the pension system's capitalization pillar. Capitalization pillar funds will be the private property of citizens and will be inheritable in the event of the policyholder's death. Revenues in the capitalization pillar will not be taxed.

Top stories

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Austria launches random checks close to Slovakia’s borders

Refugees are using new smuggling routes, according to the Austrian minister.

Illustrative stock photo

Unemployment rate continues to decline

The still steeper fall in unemployment could be curbed by the type of jobseekers, analysts opine.

Carmakers have already complained about the lack of qualified labour.

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.