Public sector salary hikes on Cabinet meeting agenda

Public sector salary hikes on Cabinet meeting agenda

Salaries in the state and public service sector should go up by 3 percent as of July 1, following collective agreements concluded last year. This according to the relevant draft government regulations set to be discussed by the Cabinet at its regular session on Wednesday. There is also a proposal from the economy ministry that the Government should support several planned investments in large private firms that will result in greater employment. Also on the agenda is dealing with a financial stability report submitted to the session by Slovakia's central bank (NBS), stating that banks and insurance companies in Slovakia have indicated positive developments in profitability and have sufficient capital.

Jonathan McCormick, Photo: TASR

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