Government discusses proposed growth measures

The government discussed the Economic Policy Measures to Support Economic Growth document with its partners – i.e. employers and unions – in the Solidarity and Development Council on May 15. The envisioned measures are supposed to boost employment in the most undeveloped regions of Slovakia, provide employment support for young people, streamline public administration, support expert education and improve the quality of infrastructure.

The government discussed the Economic Policy Measures to Support Economic Growth document with its partners – i.e. employers and unions – in the Solidarity and Development Council on May 15. The envisioned measures are supposed to boost employment in the most undeveloped regions of Slovakia, provide employment support for young people, streamline public administration, support expert education and improve the quality of infrastructure.

Labour Minister Ján Richter said that the proposals designed to boost economic growth and employment have more of a medium-term nature, which aligns well with employment policies drafted by the Labour Ministry that are also conceived with the medium term in mind, in comments he mad after the Solidarity and Development Council session. "It's not possible to create an employment strategy without having an economic policies strategy," Richter stated, as quoted by the TASR newswire.

According to the minister, initial measures aimed at boosting employment have already been implemented. Aside from projects to be financed from European funds, there is also a plan to give employers tax and deduction relief, provided that they give jobs to the long-term unemployed. "Along with the Finance Ministry, we're also preparing other projects for employers that have an interest in hiring the long-term unemployed," added Richter. The tax benefits are expected to come into effect in the second half of 2013.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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