While salaries will increase for some, real salaries will decrease for others

Analysts urge people to keep track of their financial situation and budget.

The National Bank of Slovakia (NBS) in Bratislava. The National Bank of Slovakia (NBS) in Bratislava. (Source: TASR)

High inflation, more expensive mortgages and economic prospects are getting worse. All of this has been reflected in the financial situation of ever more households in Slovakia in recent months. The pressure on raising salaries is increasing because it could compensate for increasing expenses.

SkryťRemove ad
Article continues after video advertisement
SkryťRemove ad
Article continues after video advertisement

As a result, a relatively large number of households will have a "positive change in cash flow", the National Bank of Slovakia’s (NBS) Financial Stability Department head Marek Ličák concluded.

It means that even though people will pay more for food, gas or electricity, their salaries will also rise. If higher incomes combine with savings, the financial situation of some people will improve compared to the past.

How it is possible?

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

We are likely to perceive some animals as more charismatic than others and we may not even know why.

Some animals appear charismatic to us without knowing why

Slovak scientists focused on the bias in animal protection.


4. feb
Actress Vica Kerekes portrays chambermaid Liza in the film "Slúžka" (Chambermaid).

Weekend: First Slovak movie to portray queer couple airs

Hike up to the calavary, learn more about love and get ready to watch the comet.


3. feb
A march against hatred in Bratislava on October 17, 2022.

Aggression is on the rise, say more than half of Slovaks

Women perceive the increase in aggression more than men.


3. feb
Former interior minister Robert Kaliňák

News digest: Former three-time interior minister charged again

First Slovak movie to portray queer couple airs, people feel aggressiveness is on the rise. Learn more in today's digest.


3. feb
SkryťClose ad