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BUSINESS BRIEFS

EC makes economic recommendations

SLOVAKIA must make sure that its public finance deficit decreases on a "sustainable basis", the state-run news agency TASR wrote.

According to the updated version of the European Commission's (EC) general economic directives for EU member states for 2003 - 2005, approved on April 7, Slovakia must be cautious of budget risks resulting from the country's tax reform, which makes forecasting budget income uncertain.

Slovakia must improve its business environment, which is troubled by an unstable legislative framework and a low level of law enforcement, the EC suggested.

The country also has to continue to deal with the problems of its labour market. Slovakia's unemployment rate of about 17 percent is the second highest in the EU. The EC also recommended that Slovakia improve the quality of its education system and more strongly support science, research, and innovation.

Top stories

End of investigative show a cause for concern

Media freedom watchdogs believe the scrapping of the only investigative show on public-service television is a threat to its independence.

Jaroslav Rezník

Proxy for Roma criticises minister Kaliňák for ethnical and group discrimination

The government proxy slammed Interior Minister Robert Kaliňák for the draft law on repressing criminality in Roma settlements, for populist discrimination and preferring repression to prevention.

Roma communities, illustrative stock photo

Slovak racer Svitko finished at Dakar Video

After a serious fall in the tenth leg, Slovak motorcyclist Štefan Svitko resigned from the 40th year of the Dakar Rally due to pain in his upper body.

Štefan Svitko

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.