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Measures to counteract effects crisis in the Slovak Republic and their impact on T&CI Association of Textile and Clothing Industry of SR Bratislava 18.6.2009 The Slovak Republic minor and ultra open economy export share on GDP accounts for 83% high share of automobile and electro technical industry on product export structure high vulnerability of economy to decline of foreign demand Bratislava 18.6.2009 Crisis Impacts on the Slovak Economy I Q 2009 data Slovak economy: decline of GDP by 5,6 %, unemployment rate amounts to 10,3 %, drop of export by 28,6 % Industries: fall of production in automobile industry by 41,6 %, metallurgy by 33,5%, engineering by o 32 %, industry employment decreased by 38 thous. persons TCI: fall of production by 16 %; decrease of employees by 5 thous. persons (the same number as in 2008 in total) Bratislava 18.6.2009 Measures taken by the government (Crisis Response Packages) macro economy policy fiscal policy finance market policy labour market policy business environment wages and employment policy tax and contribution policy Bratislava 18.6.2009 Activities of ATOP Slovakia Mission aimed at sector job maintenance – document of the Conference of sector social partners, February 2009 appeals for searching measures to alleviate crisis impacts on the sector addressed to the government, employers and trade unions Bratislava 18.6.2009 Activities of ATOP Slovakia Mission aimed at sector job maintenance appeals for searching measures to alleviate crisis impacts on the sector • • • • • more effective use of structural funds education and training use of employees on the labour market domestic market protection (prevent illegal imports) support of national producers Bratislava 18.6.2009 Activities of ATOP Slovakia Working meeting of sector manufacturers (ATOP member and non member companies representatives), April 2009 Conclusion Crisis situation requires more resolute measures on governmental level temporary applicable measures Bratislava 18.6.2009 Activities of ATOP Slovakia Recommendations crisis version of Labour Code and minimal wage institute decline of tax and contribution/delivery burden better access to credits harmonization of education system with sector company needs strengthening of state role in energy pricing, public tender execution and protection of domestic market Bratislava 18.6.2009 Activities of ATOP Slovakia Working groups of ATOP are dealing with these recommendations and the recommendations will be resubmitted during next meetings with state administrations Bratislava 18.6.2009 Thank you Bratislava 18.6.2009
