AMCHAM BLOG

Blog: Slovakia through the European lenses

Head of Economic Analyses Section at EC Representation shares interesting insights from the 2019 edition of EC’s Country Report on Slovakia and highlights the priorities of EU’s upcoming budgeting period.

Illustrative stock photoIllustrative stock photo (Source: AP/SITA)

With the current EU budgeting period ending next year, the priorities of the upcoming budgeting period define EU’s trajectory for the near future. In this context, the 2019 edition of European Commission’s Country Report on Slovakia is of crucial importance as it points out areas where Slovakia lags behind as well as the potential overlaps with the budget’s priorities. Lívia Vašáková, Head of Economic Analyses Section at the European Commission Representation, told us more about the report and its implications.

What are the main findings of the report?
Slovakia’s economic performance has been impressive in recent years. Following the 2008-2009 crisis the economy has seen a solid recovery with growth rates above 3 percent thus above those of many of its EU counterparts. Moreover, it has been a job-rich recovery. The unemployment rate in Slovakia is now at a historical low; the labor market is as dynamic as ever and swift wage increases have supported household income and reduced poverty. The challenge is to ensure that growth remains strong in the medium and long term and that economic convergence picks up pace. The positive economic momentum offers the opportunity to make further progress in the structural reforms agenda. Slovakia is lagging behind in most EU comparisons in features that would be crucial for future growth such as quality of institutions; preparedness of an individual for changes (education, R&D, innovation); smoothening regional differences and quality of environment. At the same time, it also faces other challenges such as ageing, automation, robotization and digitalization.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

Reconstruction work on the Monument of Liberation and Victory, unveiled in 1955 in the Dargov mountain pass, which commemorates the liberation of eastern Slovakia from Nazism.

Unusual mousetrap and Dubček's glasses: Slovakia treasures on display in America

Look through event tips, set out on an easy hike and read short culture stories.


24. sep

News digest: Opening of Bratislava bypass postponed

Interior minister stays, Pavarotti from Slovakia celebrates his 70th birthday and Slovak food producer wins its fourth Great Taste prize.


24. sep
Bratislava Mayor Matúš Vallo speaks to foreigners at [fjúžn] festival's "Ask the Mayor" event.

Foreigner’s community has a big voice, but it needs to be more organised

Bratislava Mayor Matúš Vallo addressed the questions and concerns of foreigners in Bratislava during a special Q&A.


23. sep
The new Bratislava sculpture is made of coloured bronze, its height is almost five metres, and it weighs two tons.

Donkey, dog, cat and a rooster: Four friends find a new home in Bratislava

A 'Town Musicians of Bremen' statue has been unveiled in the city.


23. sep
Skryť Close ad