Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

OECD: Slovakia still lags behind

THE ORGANISATION for Economic Cooperation and Development (OECD) on March 3 urged Slovakia to step up its reform programme, as it still lags far behind the club’s best-performing members in GDP per capita terms.

THE ORGANISATION for Economic Cooperation and Development (OECD) on March 3 urged Slovakia to step up its reform programme, as it still lags far behind the club’s best-performing members in GDP per capita terms.

According to the Paris-based organisation, this is reflected in Slovakia's still low level of labour utilisation and productivity. Releasing its periodic paper “Economic Policy Reforms: Going for Growth” for 2009 on Tuesday, March 3, the OECD stated that reform efforts should go further in sectors such as education and competition.

According to the paper, education levels in Slovakia are below the OECD average. Tertiary education is of a low standard, and that has a negative knock-on effect on the output of the labour market.
The OECD advises Slovakia, among other things, to foster the integration of Roma children into the education system and to make tertiary education more attractive by offering 2-3 year occupationally-oriented programmes, the TASR newswire reported.

The OECD said that despite some progress in making economic regulation more competition-friendly, substantial impediments to competition remain, particularly in network industries and in terms of self-employment in creative fields. This, too, tends to limit productivity growth.

The so-called club of rich countries recommends facilitating the entry of new market participants and reform of the public sector in order to reduce the administrative burden on corporations.

It described as ‘worrying’ the barriers to female labour force participation, in which employment rates are very low for mothers.

The OECD also noted that labour mobility could be improved through better housing policies.

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.