Spectator on facebook

Spectator on facebook

OECD: Slovakia will have EU’s best economic results

Angel Gurria, the general secretary of the Organisation for Economic Cooperation and Development (OECD), a club of the world’s industrialised countries, predicted that Slovakia would be relatively better off than other states during the ongoing financial and economic crisis, in comments made in Bratislava on February 10.

Angel Gurria, the general secretary of the Organisation for Economic Cooperation and Development (OECD), a club of the world’s industrialised countries, predicted that Slovakia would be relatively better off than other states during the ongoing financial and economic crisis, in comments made in Bratislava on February 10.

According to Gurria, who was in Bratislava to present an OECD report on Slovakia, Slovakia has proved during its 16 years of existence as an independent country that it is a viable democracy with a dynamically growing economy, the TASR newswire wrote.

Gurria believes that despite the global economic crisis having also hit Slovakia, it will still have the best economic results in Europe. One important asset, according to him, is Slovakia's successful entry to the eurozone.

Speaking at the same time, Slovak President Ivan Gašparovič praised the stance of Slovak trade unions which, according to him, have realised the gravity of the situation and won’t call for salary increases. Slovakia's main priority is to maintain employment, economic growth and social programmes. Gurria pointed out that there were several recommendations in the ‘Economic Overview Slovakia 2009’ report that he presented, such as focusing more intensively on regional differences.

According to the OECD's report, the high unemployment rates in some Slovak regions could be resolved by making it easier for people to move to find work. This involves improving housing policies, including support for the building of flats for the socially-disadvantaged. The report said that the current structure of Slovak housing is characterised by very few flats for rent, which weakens labour mobility and exacerbates high unemployment rates in the regions.

Gašparovič also expressed his belief that this economic crisis would prove the need for state control. What he called ‘the liberal right’ could no longer reject social programmes, he said, adding that what he called ‘leftist policy’ could not work without accepting the rules of the market. He also said that EU could not function as just a political union, but also had to be an economic mechanism. TASR

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

Top stories

Interior Ministry deactivates services requiring e-signature

The reason is a vulnerability in the chips that are used in Slovak ID cards

Self-governing regions have a mix of competences

Governors and regional councils decide about health care, education and road management.

Orava region under snow...

Being a caregiver was an empty life

The fatal accident of the van carrying Slovak caregivers has opened a discussion on how these women work and live. The job agencies abuse both the drivers and the caregivers, a former caregiver in Austria, Angelika…

Angelika Horňáková

European Commission does not consider the traditional family controversial

Hoaxes that have appeared on the internet in Slovak over the past two weeks

Famil,y illustrative stock photo