Real salaries in Slovakia are estimated to grow by 0.9 percent this year and by 1.1 percent in 2014, according to the latest macroeconomic prognosis released by the Finance Ministry. “After two years Slovakia will see increases in real salaries. This will, of course, have a positive effect on the domestic demand,” said Finance Minister Peter Kažimír.
In addition, while the predicted hikes are to be witnessed mainly in the private sector, the growth in real salaries in the state administration will be hampered by the on-going consolidation of public finances, added Kažimír.
Christopher George
