Spectator on facebook

Spectator on facebook

Slovak living standard rising

THE LIVING standard of Slovaks has begun to grow, despite pessimistic estimations. According to the Slovak Statistics Office, over the first quarter of 2004 the average monthly wage climbed to Sk14,541 (€364), and people bought 2.7 percent more goods for their salaries than before, the daily SME reported.

The average household consumption has grown by 3 percent. A continuous drop characterised last year’s consumption.

Daniel Kozel, an analyst with Komerční banka, said the increase was surprising as experts had assumed that the hike in electricity prices would have a more negative impact on the purchasing power of citizens.

However, Slovaks are poorer than the citizens of most countries with comparable economic growth, reads a World Bank report; the institution ranked Slovakia 40th on its world poverty chart. Among post-communist countries, only Latvians and Russians are poorer than Slovaks.

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

Top stories

12 places where you can see the works of one of the best medieval wood carvers Photo

The works of the renowned Master Paul are not limited just to Levoča.

St Geirge Curch in Spišská Sobota

Ukrainian caught beauty of Nitra in video Video

The city under Zobor is beautiful also from a bird’s perspective.

Heatwaves to continue in Slovakia over the following days

More than 40 people collapsed due to hot weather on Thursday.

Foreigners: Events around Slovakia Photo

Tips for performances and other events in the Slovak regions between July 21 and 30, including a castle festival, a parkour meeting, a hip-hop dance and music festival, a festival of minorities, a special run,…

Onyx will perform at the Legits Blast event in Banská Bystrica