Foreign workers in Slovakia seek the most economical accommodation

Foreigners coming to Slovakia to work for the manufacturing industry try to live as economically as possible. They often do not arrive with their families and only work for a short period of time.

“They live in various rooming houses, in former guest houses and similar properties where as many workers as possible can live for the cheapest,” Ján Palenčár, head of the National Association of Real Estate Agencies in Slovakia (NARKS), told the TASR newswire.

For details click: https://spectator.sme.sk/c/20730589/foreign-workers-in-slovakia-seek-the-most-economical-accommodation.html

Slovakia’s tax system improves

Though the system of paying taxes in Slovakia has not changed much compared with last year, its evaluation has improved in the overall ranking.

The country ranked 49th out of 190 countries surveyed in the Paying Taxes 2018 study issued by the World Bank and consulting company PwC, moving up by seven positions. Compared with the other countries in the Visegrad Group (V4) region, it scored the best, the SITA newswire reported.

The only obstacle to better tax system evaluation is high taxes and payroll tax burden, especially in connection with labour, PwC informed.

For details click: https://spectator.sme.sk/c/20706272/slovakias-tax-system-improves.html

Uber Paid Hackers to Delete Stolen Data on 57 Million People

Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security officer and one of his deputies for their roles in keeping the hack under wraps, which included a $100,000 payment to the attackers.

For details click: https://www.bloomberg.com/news/articles/2017-11-21/uber-concealed-cyberattack-that-exposed-57-million-people-s-data

Trump Slams Unfair Trade With Japan, Defends TPP Pullout

President Donald Trump told a gathering of business leaders in Tokyo that Japan has an unfair advantage on trade and that he intends to fix that imbalance by making it easier to do business in the U.S.

“For the last many decades, Japan has been winning. You do know that,” he said Monday. “Right now our trade with Japan is not fair and it isn’t open.”

Trump laid out his complaints about how Japan treats the U.S. unfairly in his eyes, noting that few American cars are sold in Japan and making a plea for Japanese automakers to build more in the U.S.

For details click: https://www.bloomberg.com/news/articles/2017-11-06/trump-complains-of-unfair-trade-with-japan-defends-tpp-pullout

The economy should rise at nearly 4 percent

The survey of analysts carried out in October by the National Bank of Slovakia (NBS), the country’s central bank, showed GDP growth at 3.3 percent by the end of this year.

Bank analysts have not changed their estimate compared to the previous month, the TASR newswire wrote on October 25.

GDP growth should accelerate next year. Analysts predict GDP growth in fixed prices to achieve 3.9 percent, while their forecasts have not changed from September in this respect, either.

For details click: https://spectator.sme.sk/c/20681082/the-economy-should-rise-at-nearly-4-percent.html

Fico wants state airline company

A national airline could start with one or two aircraft that would regularly serve the Bratislava-Poprad-Košice route, said Prime Minister Robert Fico on the RTVS’ radio discussion programme, Sobotné dialógy (Saturday dialogues). This way he approved the idea pursued by his coalition partner, the Slovak National Party (SNS) of Andrej Danko.

For details click: https://spectator.sme.sk/c/20676649/fico-wants-state-airline-company.html

Japan’s Young Workers Get a Lift, and Its Leaders Profit

Many younger Japanese workers have never known the security of lifetime employment that was common to older generations. Their plight has become a source of economic anxiety in Japan. Now, though, their prospects are looking up thanks to Japan’s modestly — but steadily — growing economy. On the campaign trail, Prime Minister Shinzo Abe has been pointing to rising wages for lower-income workers as part of a broader trumpeting of his economic record. He is hoping that signs of spreading prosperity will help win his governing coalition a renewed majority in Parliament, extending its five-year hold on power.

For details click: https://www.nytimes.com/2017/10/19/business/japan-workers-election-economy.html?rref=collection%2Fsectioncollection%2Fbusiness&action=click&contentCollection=business&region=rank&module=package&version=highlights&contentPlacement=1&pgtype=sectionfront

The Death of Liberalism in Japan

Last month, when Prime Minister Shinzo Abe of Japan dissolved Parliament and called a snap election for Oct. 22, he seemed to be making the decision from a position of strength. The opposition was in disarray, and his popularity ratings were picking up again, his hawkishness apparently vindicated by North Korea’s mounting belligerence.

In fact, the decision was a sign of weakness — of Mr. Abe’s political weakness and also, more problematically for the country, of a crisis of representativeness in Japanese politics. Whatever the outcome of the election on Sunday, a gap is growing between voters’ policy preferences and the new conservative two-party system that seems to be emerging as the liberal-left opposition is shoved aside.

For details click:  https://www.nytimes.com/2017/10/15/opinion/liberalism-japan-election.html?action=click&pgtype=Homepage&clickSource=story-heading&module=opinion-c-col-right-region&region=opinion-c-col-right-region&WT.nav=opinion-c-col-right-region

Catalans Call Time Out on Independence Bid, Seek Spain Talks

Catalan President Carles Puigdemont said that he’ll seek talks with the government in Madrid over the future of his region in Spain, rowing back from an immediate declaration of independence that threatened to turn a constitutional crisis into an economic one.

Addressing the regional parliament in Barcelona on Tuesday evening after days of tension in Catalonia, Puigdemont said the result of an Oct. 1 referendum had given him the mandate to pursue independence, but he would hold off for “weeks” for dialogue on the way forward with Prime Minister Mariano Rajoy’s administration.

For details click:  https://www.bloomberg.com/news/articles/2017-10-10/catalan-president-steps-back-from-independence-to-seek-talks

Slovak jobseekers have better English than Czechs and Hungarians

Slovaks in general have a better knowledge of English than Czechs and Hungarians, with a larger number of Slovaks reaching the B1 proficiency level, a joint study of TrackTest.eu and Profesia.sk has revealed.

“Around 30,000 job applicants from three countries – Slovakia, the Czech Republic and Hungary – who stated in their CVs that they had a knowledge of English participated in the tests carried out between 2015-17,” Nikola Richterová from THE Profesia.sk website told the TASR newswire.

For details click: https://spectator.sme.sk/c/20664199/slovak-jobseekers-have-better-english-than-czechs-and-hungarians.html