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Mikloš says incomes will rise

ACCORDING to Slovak Finance Minister Ivan Mikloš, real wages in Slovakia will increase by 16 percent by 2008.

In its latest outlook for the 2005 to 2008 period, the ministry also foresees a 13 percent growth in pensions.

In 2005, the Slovak economy should grow by 4.9 percent, and even faster in the following years, the Pravda daily reported.

Strong economic growth of 6.1 percent is expected in 2007.

Inflation should fall to 2 percent in 2008, according to the Finance Ministry. That figure for 2005 is expected to be 3.3 percent.

The jobless rate should be at 16.7 percent in 2008.

Compiled by Martina Jurinová from press reports
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