Slovaks' standard of living rose fastest in Visegrad Group

The standard of living in Slovakia grew at the fastest pace among the Visegrad Four countries (Slovakia, the Czech Republic, Poland and Hungary) since 1993, Poštová Banka analyst Eva Sadovská said on November 13, the TASR newswire reported. "After the dissolution of Czechoslovakia (in 1993), Slovaks' standard of living in terms of gross domestic product was substantially worse than in the Czech Republic. While Slovaks were at slightly over 50 percent of the EU average, the same indicator was nearly 70 percent in the Czech Republic," she told TASR.

The standard of living in Slovakia grew at the fastest pace among the Visegrad Four countries (Slovakia, the Czech Republic, Poland and Hungary) since 1993, Poštová Banka analyst Eva Sadovská said on November 13, the TASR newswire reported.

"After the dissolution of Czechoslovakia (in 1993), Slovaks' standard of living in terms of gross domestic product was substantially worse than in the Czech Republic. While Slovaks were at slightly over 50 percent of the EU average, the same indicator was nearly 70 percent in the Czech Republic," she told TASR.

"However, Slovaks are ever closer to the EU average and were at 72 percent of the EU's average standard of living in 2008 and 2009," she said, noting that Slovaks have surged by over 20 percentage points over the past 13 years.

The standard of living in Poland has gone up by 14 points, while Hungary and the Czech Republic have improved by 10 and 7 points, respectively, said Sadovská. The highest standard of living remains in the Czech Republic – 80 percent of the EU average. Slovakia ranks second at 72 percent, followed by Hungary (63 percent) and Poland (61 percent).

Source: 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.

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