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.

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Threats have worked. People queued for COVID testing before the official start

The nationwide testing in Slovakia started with four districts in the north. Here is a report from the first day in Orava.

Bardejov

News digest: Testing is go, several MPs positive

Slovakia-style lockdown starts tomorrow. Take a look at the latest development in our news digest.

Disinfecting the testing site in Trstená, Orava.

No test, no work. Employees will have to take paid or unpaid leave

Those who will be quarantined with a positive test result will be entitled to pandemic sick leave.

Illustrative stock photo

Autumn holidays change, art schools close too

The ministry will contribute to schools to buy computers and other equipment for distance learning.

Illustrative stock photo