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Economy

Pellegrini: Gov't Okays Compromise Budget, No Cuts in Social Benefits

Pellegrini: Gov't Okays Compromise Budget, No Cuts in Social Benefits

Bratislava, October 14 (TASR) – The 2020 state budget draft greenlighted by the Government is the result of a compromise, Prime Minister Peter Pellegrini (Smer-SD) stated on Monday. According to Pellegrini, the draft reflects on the slowdown of the economy and attempts to introduce austerity cuts in Government processes in order

Statistics Office: Inflation in Slovakia at 2.9 percent in September

Statistics Office: Inflation in Slovakia at 2.9 percent in September

Bratislava, October 14 (TASR) – Year-on-year inflation in Slovakia amounted to 2.9 percent in September, with core inflation standing at 2.6 percent and net inflation at 2 percent, the Slovak Statistics Office reported on Monday. In September 2019 month-on-month cumulative inflation was influenced by core inflation by 0.19

NKU: Budgetary Targets Unrealistic, Government Has to Save

NKU: Budgetary Targets Unrealistic, Government Has to Save

Bratislava, October 11 (TASR) – The Supreme Audit Office (NKU) warned the Government about problems with meeting the state-budget targets and the need to prevent the general government deficit and gross debt from increasing, according to NKU’s report on the state of public finance in the first half of 2019.

Bakers: Minimum Wage Increase to Hit Food Sector's Stability

Bakers: Minimum Wage Increase to Hit Food Sector's Stability

Bratislava, October 3 (TASR) – Bakers view the minimum wage increase from €520 to €580 per month approved by the Government on Wednesday (October 2) as a reckless intervention in the stability of the food sector, the Slovak Association of Bakers, Pastry Cooks and Pasta-makers (SZCPP) stated on Thursday. According to

Pellegrini: Cabinet Passes Highest-ever Minimum Wage of €580 per Month

Pellegrini: Cabinet Passes Highest-ever Minimum Wage of €580 per Month

Bratislava, October 2 (TASR) – The Government has approved an increase in the minimum wage from €520 to a new high of €580 per month, said Prime Minister Peter Pellegrini following the Cabinet session on Wednesday. However, the increase wasn’t adopted unanimously. Pellegrini noted that ministers representing the Slovak National

Danko: Group of Those Able to Benefit from Holiday Vouchers to Grow

Danko: Group of Those Able to Benefit from Holiday Vouchers to Grow

Bratislava, October 1 (TASR) – The group of people receiving holiday vouchers will be expanded in the future not only by employees, but also their children, parents and grandparents, Parliamentary Chairman Andrej Danko (Slovak National Party-SNS) told a news conference following his talks with representatives of the Slovak Self-employed Association (SZZ)

U.S. Steel Kosice: Kosice Governor's Procedure Is Unfair and Offensive

U.S. Steel Kosice: Kosice Governor's Procedure Is Unfair and Offensive

Kosice, September 24 (TASR) – Kosice-based steelworks U.S. Steel objected on Tuesday to the statement made by Kosice governor Rastislav Trnka concerning the offer of Kosice self-governing region (KSK) to buy this factory for one euro, with the company management calling Trnka’s statement in the media unprofessional and expressing