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.

Top stories

Why did we have to wait ten years for the verdict in the bulletin-board case?

The case is still not concluded. The Supreme Court will have to deal with the appeal of ex-ministers; the case of embezzlement by the non-licensed banking institution of Jozef Majský has also become protracted.

Ex-minister Janušek, sentenced October 18.

Sentenced!

It is definitely good news that at least one emblematic scandal did not end in vain.

Minister Igor Štefanov was sacked over a scandal.

Do you want a Sagan for your Lego collection? Photo

The post is very popular on Facebook.

Peter Sagan

Refurbishment of Trnavské Mýto has started

The facelift of the underpass crossing should be completed by summer. Fate of nearby Istropolis still not known

Reconstruction of Trnavské Mýto underpass started.