Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Radičová signs EU fiscal compact

PRIME Minister Iveta Radičová signed the EU fiscal compact on March 2 together with 24 other leaders of EU member states. Great Britain and the Czech Republic are the only two EU countries that have refused to sign the treaty, the Sme daily reported.

PRIME Minister Iveta Radičová signed the EU fiscal compact on March 2 together with 24 other leaders of EU member states. Great Britain and the Czech Republic are the only two EU countries that have refused to sign the treaty, the Sme daily reported.

“The guarantee of compliance with the fiscal treaty is the system of sanctions and regular monitoring of countries,” Radičová stated, as quoted by Sme.

Radičová criticised the decision by the Czech Republic not to sign the pact, saying that political reasons rather than economic ones were behind the decision, Sme wrote.

The treaty was drawn up in a short period of time to give the EU more control over national budgets as a method to calm financial markets in the wake of the continent’s sovereign debt crisis.

Budgets prepared by national governments signatory to the treaty will be reviewed by the European Commission before they are presented to national parliaments. The treaty also introduces automatic sanctions against countries if their state debt exceeds 60 percent of GDP.

Top stories

Lack of qualified labour needs to be addressed

After visiting carmaker PSA in Trnava, PM Fico says that people do not want to work even for more than €1,300.

PSA Groupe Slovakai in Trnava

Febiofest is a chance to see festival winners and foreign guests Photo

Febiofest, in its 24th year, shows mostly Slovak films, of which nine, including the Cristal Bear winner from Berlinale, The Little Harbour, will be premiered here. All the 11 films shown in the Slovak Film Country…

Drive Your Plough Over the Bones of the Dead by Agnieszka Holland

Largest companies that help search for job or employees

Not only well-known names placed in the list of the 10 largest employment agencies in Slovakia.

Amazon will deliver packages for free

Orders have to exceed €39 to be eligible.