Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

New minimum wage rules come into effect

From next year, the minimum wage in Slovakia will be set according to new rules. This stems from a new law on minimum wage that is to come into effect on February 1, 2008.

From next year, the minimum wage in Slovakia will be set according to new rules. This stems from a new law on minimum wage that is to come into effect on February 1, 2008.

According to the new law, employers will have to negotiate with union representatives, with those negotiations starting by April 1 at the latest. If they fail to reach an agreement, the minimum wage will be increased by the growth rate of the average monthly nominal wage in Slovakia every year as of January 1, news wire SITA reported.

According to the law, the expected development of consumer prices, employment, average monthly wage, as well as subsistence level growth, must be taken into consideration in negotiations on minimum wage growth. This will occur for the first time as of January 1, 2009. The current minimum wage, which was increased to Sk8,100 last October, will thus stay valid until the end of this year.

In the past, the minimum wage was increased at the end of July each year. If no agreement on its increase was reached, the Cabinet set the new level, without restriction. The last change was in October, when the minimum wage rose from Sk7,600 to Sk8,100.

Compiled by Spectator staff from press reports

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.