Spectator on facebook

Spectator on facebook

EC report: Slovakia needs to boost education and employment

Slovakia's economic growth should reach 1.8 percent in 2012 according to a report released by the European Commission on May 30, the TASR newswire reported. The Commission stated that the Slovak economy continues to be dependent on foreign demand which has resulted in lower growth in 2012. The report also mentioned several serious challenges, such as the country’s high unemployment rate (13 percent) which is expected to drop moderately only as late as in 2013. The European Commission especially pointed to youth unemployment. The report stated that Slovakia has introduced a series of measures aimed at bolstering its fiscal situation, making its pension system more sustainable, and increasing the level of transparency in state and other public commissions, TASR wrote, noting that the areas with the largest scope for improvement are reform of the labour market and the system of education and expert training.

Slovakia's economic growth should reach 1.8 percent in 2012 according to a report released by the European Commission on May 30, the TASR newswire reported. The Commission stated that the Slovak economy continues to be dependent on foreign demand which has resulted in lower growth in 2012. The report also mentioned several serious challenges, such as the country’s high unemployment rate (13 percent) which is expected to drop moderately only as late as in 2013. The European Commission especially pointed to youth unemployment.

The report stated that Slovakia has introduced a series of measures aimed at bolstering its fiscal situation, making its pension system more sustainable, and increasing the level of transparency in state and other public commissions, TASR wrote, noting that the areas with the largest scope for improvement are reform of the labour market and the system of education and expert training.

According to the EU's executive body, the tax burden on low-income employees in Slovakia is too high while only a tiny fraction of unemployed people receiving social benefits are interested in exchanging their current situation for a low-paying job. In the medium term, Slovakia's budget deficit remains too high and the country needs to improve its tax collection, according to the EC report, TASR wrote.

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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Another For a Decent Slovakia protest was also joined by farmers

People took to the streets for the eighth time.

Farmers with tractors awaited the protesting crowd at the SNP Square in Bratislava.

Coronations return to Bratislava Photo

This year Bratislava will recall the coronation of Leopold II, the younger son of Maria Theresa.

Bratislava will again enjoy re-enactment of coronation ceremony

Police detain another person in promissory notes case

Ex-director of private broadcaster TV Markíza, Pavol Rusko, was detained shortly after being heard.

Pavol Rusko

Last Week in Slovakia: Farmers staged a protest by driving across the country Audio

Listen to all the headlines from The Slovak Spectator's news podcast.

Farmers also met President Andrej Kiska in Bratislava