OECD chief praises Slovakia's willingness to impose fiscal discipline

Slovakia is on the right path to consolidating its public finances, Organisation for Economic Co-operation and Development (OECD) Secretary-General Angel Gurría told Slovak Prime Minister Iveta Radičová at a meeting in Bratislava on Thursday, November 25.

Slovakia is on the right path to consolidating its public finances, Organisation for Economic Co-operation and Development (OECD) Secretary-General Angel Gurría told Slovak Prime Minister Iveta Radičová at a meeting in Bratislava on Thursday, November 25.

"Slovakia is carrying out the right measures. It's moving forward with fiscal consolidation, is displaying strong willpower to observe fiscal discipline and is carrying out reforms. These steps make Slovakia different, sending out a signal to the markets that the country is open for business, is doing business, and is a good place for business," Gurría said, as quoted by the TASR newswire. According to him, the latest analysis shows that Slovakia has made significant progress. "I want to stress that you can rely on the OECD. We will work with you, and for you, so that we can continue Slovakia's success story together," he stated.

"We know the challenges cited in the OECD analysis: resolving unemployment, primarily its long-term form; reforming the public pension system; supporting the employment of young people, education and research," said Radičová. The prime minister noted that the OECD praised Slovakia for launching a programme relating to green jobs that should lead to the creation of 30,000 new jobs over the next three years.

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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