Spectator on facebook

Spectator on facebook

Improved economy is visible on labour market

SLOVAK GDP grew by 0.6 percent over the previous quarter, according to he National Bank of Slovakia (NBS), but the positive trend is threatened by stagnation within Eurozone.

SLOVAK GDP grew by 0.6 percent over the previous quarter, according to he National Bank of Slovakia (NBS), but the positive trend is threatened by stagnation within Eurozone.

“The rate of economy growth has been above 0.5 percent threshold in last three quarters which seemed to be unreachable between the beginning of 2012 and third quarter of 2013,” said NBS analysts, as quoted by the TASR newswire on August 14.

The growth is mirrored even by the fact that employers are willing to hire new people, as there have been 11,000 more employed people in the second quarter.

“The employment rate in the second quarter accelerated and q-o-q increase of 11,000 employed persons could be compared just to the end of 2010 when the employment rate was recovering from the crisis,” says NBS report, as quoted by TASR. “The fact remains that while GDP exceeds pre-crisis level by more than 5 percent; employment is 2 percent below its pre-crisis peak.”

The NBS warned of stagnation in the eurozone, and weak German economic sentiments.

“Export of Slovak goods has been already affected by those tendencies,” said NBS analysts.

Compiled by Roman Cuprik 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

Institutions can be quickly destroyed, but they are hard to build

Head of the To Dá Rozum intiative, Renáta Hall, talks about the impacts of a dispute between the academy of sciences and the Education Ministry.

Renáta Hall

Spectacular Slovakia #3: Unexpected hiking (Enjoy Bratislava's greenery) Audio

In Slovakia, you can hike in the capital city. Listen to the latest episode of our travel podcast to find out more.

The Financial Administration’s head resigns from post

František Imrecze says his decision was spontaneous.

František Imrecze

People will gather to support imprisoned Ukrainian filmmaker

The open letter in support of Sentsov has been signed by more than 2,800 people.

People hold posters to support Ukrainian filmmaker Oleg Sentsov, who is currently on hunger strike in a Russian jail to demand the release of the other Ukrainian hostages taken by the Kremlin, in front of the Embassy of the Russian Federation in Kiev on August 21, 2018.