Coalition Council acts to increase Slovakia’s minimum wage and transform support for enterprises

The minimum wage in Slovakia will increase by 3 percent at the beginning of next year based on agreement between the leaders of the four governing coalition parties, the SITA newswire reported. The increase in the minimum wage was strongly opposed by employers and representatives of local governments also expressed their disapproved.

The minimum wage in Slovakia will increase by 3 percent at the beginning of next year based on agreement between the leaders of the four governing coalition parties, the SITA newswire reported. The increase in the minimum wage was strongly opposed by employers and representatives of local governments also expressed their disapproved.

Prime Minister Iveta Radičová announced after the Coalition Council meeting on October 11 that the minimum wage will go up in compliance with the current law, by three percent. A tripartite meeting between the government, employers, and trade unions held last week did not find support for the government's proposal to raise the minimum wage from €307.70 to €317.00. Representatives of the unions clashed with representatives of the employers over the appropriate amount of the increase.
Government support to small and medium-sized businesses will be transformed, Radičová told the media. The leaders of the four ruling parties discussed several issues in this area, including the future of the Agency for Development of Small and Medium Enterprises (NADSME) where suspicions of large-scale embezzlement have surfaced.

Economy Minister Juraj Miškov (SaS) who was charged with shaping a plan for the agency's dismantlement and transfer of its duties and obligations to other institutions by October 15 presented the Coalition Council with a proposal to merge several agencies with a similar mission. He said he had tabled a working version of the material for the coalition leaders who gave the green light to the proposal which will now go to the government.

Radičová said she considers Miškov’s proposal very rational and reasonable. "It is a suggestion which would merge several agencies with a similar aim into one entity while the performance, supervision and the administrative board would be under control of several ministries, which means that it would not be overseen exclusively by the Economy Ministry.”

A network of various venture capital funds associated with NADSME would cease to exist. There is also a proposal to charge Slovenská záručná a rozvojová banka (the Slovak Guaranty and Development Bank) which also specialises in supporting small and medium-size businesses with supervision over the project, the prime minister informed SITA.

Source: SITA

For more information on the controversy surrounding NADSME, please see Scandal-hit agency faces slow death . Miškov suggests to preserve the current tools of support.

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

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