Legislative and Policy Update: January 2017



SLOVAK REPUBLIC


EUROPEAN UNION

 AIRPORT: M. R. Stefanik Airport in Bratislava handeled 1,756,808 passengers in 2016, which represents an annual increase of 12.3%. This is the highest number over the past eight years. Also, there were 1,335,007 passengers on regular flights last year, which is an increase of 24%. For more information click here. (REF: SITA Slovak AM 10/01/2017)

 BANKRUPTCIES: According to CRIF - Slovak Credit Bureau, Slovak courts declared 177 personal bankruptcies over the fourth quarter of 2016. The total number reached 731 bankruptcies throughout 2016. Compared to 2015 this is an increase of 22.45%. An amendment to the Bankruptcy Act which becomes effective on March 1, 2017, will make the personal bankruptcy in Slovakia more affordable for borrowers. For more information click here. (REF: SITA Slovak AM 10/01/2017)

 BRAIN DRAIN: According to the Ministry of Finance of the Slovak Republic, Slovakia is facing a significant brain drain, in addition to the demographic crisis. Data shows that the number of people living in Slovakia decreased by 300,000 over the past 15 years. More than half of those who left Slovakia were younger than 30. Each year the number of inhabitants continues to fall. For more information click here. (REF: SITA Slovak AM 10/01/2017)

BUDGET: According to the Ministry of Finance of the Slovak Republic, in 2016 the state posted a deficit that was almost 1 billion EUR lower than projected in the approved state budget. The economic performance of the state improved comparing it to the previous year. For more information click here. (REF: SITA Slovak AM 03/01/2017)

BUSINESS: On January 11, 2017, the Cabinet took into consideration the report on the state of the business environment in Slovakia. For more information click here. (REF: www.rokovania.sk 11/01/2017)

DUAL EDUCATION: According to the Ministry of Education of the Slovak Republic interest of companies in dual education is growing. In the school year 2015/2016, 422 pupils started the first grade within the dual education system for the first time ever. The number of pupils in the school year 2016/2017 increased to 971. Most agreements were signed with employers in mechanical engineering, electrical engineering, trade, and services. For more information click here. (REF: SITA Slovak AM 31/01/2017)

ECONOMY: More than one million vehicles were produced in Slovakia in 2016. The share of car production in total industrial output in Slovakia reached 44%, while the automotive industry contributed 35% to Slovakia’s industrial exports. For more information click here. (REF: SITA Slovak AM 18/01/2017).

EDUCATION: The Ministry of Education of the Slovak Republic allocated 50 million EUR to support projects enhancing the inclusiveness of education in primary schools. Primary schools can use the funding for creation of jobs for teaching assistants, pedagogical assistants, or for inclusive teams. These specialists can help in activities that ensure equal opportunities in the educational process. For more information click here. (REF: SITA Slovak AM 11/01/2017)

EDUCATION: The success rate of fifth graders from the low-income environment reached only 24% in mathematics. The average success rate in the math test was significantly higher, at the level of 62.3%. Similar results were also achieved in the test of the Slovak language. Low-income students achieved 28% success rate, while the average was 63.1%. Fifth graders, who filled out assignments in Test 5 electronically, were more successful than their peers with the paper version. For more information click here. (REF: SITA Slovak AM 24/01/2017).

ELECTIONS: On January 11, 2017, the Cabinet approved the proposal for single-round election of governors of self-governing countries and regional elections on the same date as the mayoral elections. For more information click here. (REF: www.rokovania.sk 11/01/2017).

EMPLOYMENT: According to the Central Office of Labor, Social Affairs and Family, companies operating in Slovakia do not plan collective layoffs for the first time since the crisis. The economic growth in Europe generated a sufficient number of orders for most factories. For more information click here. (REF: SITA Slovak AM 03/01/2017)

ENERGY: On January 11, 2017, the Cabinet approved the draft amendment to the Nuclear Act, which is to implement the new Euratom directives establishing new safety standards for protection against the dangers of ionizing radiation. The Nuclear Regulatory Authority is likely to have stronger powers. For more information click here. (REF: SITA Slovak AM 12/01/2017)

ENVIRONMENT: According to the Environmental Performance Index, which is the most comprehensive index in the world, Slovakia has the 24th best environment of 180 countries. Slovakia achieves the best results in biodiversity and biotopes, while the biggest challenge is the air quality. According to the Institute for Environmental Policy, which was established in July 2017 as an analytical unit of the Ministry of Environment of the Slovak Republic, the major environmental challenges in Slovakia are waste management, air quality and the loss of forests.  For more information click here. (REF: SITA Slovak AM 10/01/2017)

GOVERNMENT: On January 11, 2017, the Cabinet approved the Plan of the Government of the Slovak Republic for 2017. For more information click here. (REF: www.rokovania.sk 11/01/2017)

HEALTH CARE: According to the amendment to the Health Insurance Act, from January 1, 2017 the rate of health insurance premiums that the state pays for its insureds has dropped to 3.78% of the assessment base. For more information click here. (REF: SITA Slovak AM 03/01/2017)

HUMAN CAPITAL: Among a hundred of countries around the world, Slovakia ranked 37th in the ability to retain and attract talented people onto the labor market. This results from the Global Talent Competitiveness Index (GTCI), which compares countries and assesses their ability to grow, attract, and particularly retain talented people on the labor market. For more information click here. (REF: SITA Slovak AM 17/01/2017).

INVESTMENT: From January 1, 2017, the contribution rate to the second pension pillar goes up from 4% to 4.25% of employee's gross wage, respectively the assessment base of a selfemployed person. The rate to the second pillar will also be increased by 0.25% on an annual basis from this year until 2024, when it is scheduled to reach 6% of the assessment base. For more information click here. (REF: SITA Slovak AM 02/01/2017)

INVESTMENT: According to the Ministry of Economy of the Slovak Republic, in 2016, there were twenty-nine also R&D investment projects worth 930 million EUR in Slovakia, which created 7,500 jobs. For more information click here. (REF: SITA Slovak AM 03/01/2017)

INVESTMENT: The company Enviral, part of Envien Group, plans to build a plant in Leopoldov and employ 100 people. The new investment in production of second generation biofuels will be one of the first factories of its kind in Europe. So far, second generation biofuels are made from corn and rapeseed but now they will be generated from biowaste. For more information click here. (REF: SITA Slovak AM 10/01/2017)

INVESTMENT: The company Solcany Properties plans to build a plant in the municipality of Solcany in Topolcany district that will make and process plastics for the automotive industry. The value of the investment stands at 6 million EUR and the company plans to employ 58 to 215 people. For more information click here. (REF: SITA Slovak AM 26/01/2017).

JUDICIARY: According to the amendment to the Law on Judges and Lay Judges, which was submitted for interdepartmental review, there should be greater transparency, as well as more flexible filling of judicial posts. The amendment introduces a collective public selection procedure and proposes introducing collective public job contests. For more information click here. (REF: SITA Slovak AM 11/01/2017)

LABOR: Continued economic growth in Slovakia causes that employment continues to grow strongly and the Slovak economy is beginning to have visible problems with filling vacancies with skilled workforce. It is expected that the unemployment rate could get below 8.5% in 2017. For more information click here. (REF: SITA Slovak AM 04/01/2017)

LABOR: According to the Ministry of Economy of the Slovak Republic, the EU funds in the value of 215 million EUR helped open 2,530 jobs. Young unemployed people up to 29 years filled half of the positions. For more information click here. (REF: SITA Slovak AM 11/01/2017)

LABOR: According to the Central Office for Labor, Social Affairs, and Family, at the end of 2016, 35,100 foreigners officially worked in Slovakia. Compared to the late December 2015, their number increased by 9,600. The most numerous group of foreigners on the Slovak labor market are the citizens of Romania. For more information click here. (REF: SITA Slovak AM 27/01/2017).

MEDIA: According to the amendment to the Law on Broadcasting and Retransmission approved in 2016, Slovak radio stations have to broadcast more Slovak music as of January 1, 2017. Slovak music in commercial radio stations increases from 20% to 25%. For public-service broadcasters, the portion increases from 30% to 35%. For more information click here. (REF: SITA Slovak AM 02/01/2017)

OECD: The Organization for Economic Cooperation and Development (OECD) will carry out an audit of the entire anticorruption legislation in Slovakia. For more information click here. (REF: SITA Slovak AM 17/01/2017).

RATING: Rating agency S&P has affirmed Slovakia’s credit rating at A+ with stable outlook. It forecasts quick economic growth, debt reduction, and persisting interest of investors in the upcoming years. S&P predicts Slovakia’s economic growth between 2017 and 2020 at some 3% annually. The agency positively evaluates a relatively low debt of the country and anticipates its gradual reduction. For more information click here. (REF: SITA Slovak AM 30/01/2017)

REAL ESTATE: According to the survey conducted by Cushman & Wakefield, it is expected that by the end of 2017, 8.1 million square meters of shopping space wil be built in Europe. In 2017, two new shopping malls, one in Banská Bystrica and one in Prešov, should be built and open. They should offer 35,000 square meters. For more information click here. (REF: SITA Slovak AM 03/01/2017)

SOCIAL: On January 11, 2017, the Cabinet approved the amendment to Law on Stay of Aliens which primarly transposes the EU directives. For more information click here. (REF: www.rokovania.sk 11/01/2017).

SURVEY: According to the Pulse of Economy 2016 survey prepared by KPMG, more than two-thirds of Slovak managers consider direct contacts within the business network as the most important source of information for their business. Print media, remain an important source of information too. In the CEE region, more than 50% rely on on-line media and specialized databases. For more information click here. (REF: SITA Slovak AM 04/01/2017)

TAXES: According to the amendment to the Income Tax Act approved in November 2016, from January 1, 2017, the corporate tax is 21% and the portion that the sole proprietors can deduct from their tax base without the need to keep accounting books is higher. According to the amendment the tax licenses will be canceled in 2018. For more information click here. (REF: SITA Slovak AM 02/01/2017)

TAXES: The Ministry of Finance of the Slovak Republic continues in the implementation of the action plan to combat tax fraud. The amendment to the Tax Code regulates injunctions by introducing a so-called super-securing order to make it an effective tool for ensuring compliance with obligations of tax entities. The emphasis will be put on its early issuance and subsequent enforcement in debt recovery proceedings. For more information click here. (REF: SITA Slovak AM 05/01/2017)

TOURISM: The Ministry of Transport and Construction of the Slovak Republic plans to improve the conditions for tourism business, while it would pay special attention to promotion of spas. For more information click here. (REF: SITA Slovak AM 25/01/2017).

TRADE: According to the Statistics Office of the Slovak Republic, Slovakia’s foreign trade achieved a surplus of 286.7 million EUR in November 2016. In November 2016 goods in the value of 6.656 billion EUR were exported from Slovakia and imports totaled 6.369 billion EUR. Exports grew by 4% and imports by 5.5%. Cumulatively for eleven months of last year, the preliminary trade surplus reached 3.79 billion EUR. Over the same period of the previous year, this represents an increase of the surplus by 387 million EUR. For more information click here. (REF: SITA Slovak AM 10/01/2017)

TRAFFIC: The Ministry of Transport and Construction of the Slovak Republic introduced a new website which informs about traffic accidents, current delays on roads, as well as railways, airports and bicycle paths. It also brings information about the weather and road maintenance works. The national traffic information system is available at www.odoprave.info. For more information click here. (REF: SITA Slovak AM 11/01/2017)

TRANSPORT: On January 11, 2017, the Cabinet approved the objectives of the Strategic Plan for the Development of Transport until 2030. The document identifies key bottlenecks in transport infrastructure, public passenger and non-motorized transport, as well as operation, maintenance, and traffic organization. The European Commission conditioned access to EU funds in transport in the programming period 2014-2020 by existence of comprehensive plans for the development of transport infrastructure, including plans for sustainable development of urban, suburban, and regional transport. For more information click here. (REF: SITA Slovak AM 12/01/2017)

UNEMPLOYMENT: On January 11, 2017, the Cabinet approved the amendment to the Law on Employment Services. As of May 1, 2017, if an unemployed person repeatedly ends the employment mediated by a labor office within one month, they will not be able to return to the register of job seekers for six months. The opportunity of gainful activity for individuals registered as unemployed at labor offices should also be limited. At present a registered unemployed person is able to earn gross monthly income of 148.57 EUR without being excluded from register of the unemployed. The Ministry of Labor, Social Affairs, and Family wants to ban the registered unemployed from work under an employment contract and limit work based on work performance agreement to a maximum of 40 days a year. For more information click here. (REF: SITA Slovak AM 12/01/2017)

UNEMPLOYMENT: According to the Central Office for Labor, Social Affairs, and Family, labor offices in Slovakia registered 61,900 people without a job for more than four years at the end of 2016. Year-on-year their number decreased by 11,200 people. Currently, 22.4% of all unemployed job for more than four years. For more information click here. (REF: SITA Slovak AM 27/01/2017)

UNEMPLOYMENT: According to the Central Office for Labor, Social Affairs, and Family more than a quarter of registered unemployed in Slovakia were young people under the age of 29 at the end of 2016. For more information click here. (REF: SITA Slovak AM 26/01/2017).

UNEMPLOYMENT: Registered unemployment rate in Slovakia stood at 8.76% at the end of December 2016, reaching the lowest level since December 2008 when it stood at 8.39%. For more information click here. (REF: SITA Slovak AM 23/01/2017).


BUSINESS: On January 10, 2017, the European Commission took action to promote Occupational Safety and Health in the EU. Investment in occupational health and safety improves people's lives by preventing accidents and work-related illness. The new initiative aims to better protect workers against work-related cancer and to help businesses, in particular SME's and micro-enterprises, in their efforts to comply with the existing legislative framework. For more information click here. (REF: IP/17/2)

DATA PROTECTION: The European Commission is proposing new legislation to ensure stronger privacy in electronic communications, while opening up new business opportunities.

The measures presented aim to update current rules, extending their scope to all electronic communication providers. They also aim to create new possibilities to process communication data and reinforce trust and security in the Digital Single Market. For more information click here. (REF: IP/17/16)

DIGITAL: On January 10, 2017, the European Commission proposed legal solutions to unleash EU's data economy, as part of its Digital Single Market strategy presented in May 2015. For more information click here. (REF: IP/17/5)

ECONOMY: On January 26, 2017, the European Commission reported on the delivery and progress of key initiatives of its 2015 Action Plan, one year after adopting its Circular Economy Package. For more information click here. (REF: IP/17/104)

 

ECONOMY: On January 10, 2017, the European Commission presented an ambitious and balanced package of measures that will make it easier for companies and professionals to provide services to a potential customer base of 500 million people in the EU. A fresh boost to the services sector will benefit consumers, jobseekers and businesses, and will generate economic growth across Europe. For more information click here. (REF: IP/17/23)

EDUCATION: On January 26, 2017, the European Commission published the Erasmus+ Annual Report for 2015 showing that the EU's education and training programme is celebrating its 30th anniversary. In 2015, Erasmus+ enabled 678,000 Europeans to study, train, work and volunteer abroad. In the same year, the EU invested 2.1 billion EUR in over 19,600 projects involving 69,000 organisations. Results also show that the programme is well on track to meet its target of supporting 4 million people between 2014 and 2020. For more information click here. (REF: IP/17/82)

ENVIRONMENT: On January 10, 2017, the European Commission registered 'Ban Glyphosate' European Citizens' Initiative. The European Commission decided to register a European Citizens Initiative inviting the Commission to propose to Member States a ban on glyphosate, to reform the pesticide approval procedure, and to set EU-wide mandatory reduction targets for pesticide use. For more information click here. (REF: IP/17/28)

EU: According to Eurostat, the statistical office of the European Union, euro area annual inflation is expected to be 1.8% in January 2017, up from 1.1% in December 2016. For more information click here. (REF: STAT/17/191)

EU: According to Eurostat, the statistical office of the European Union, seasonally adjusted GDP rose by 0.5% in the euro area and by 0.6% in the EU28 during the fourth quarter of 2016, compared with the previous quarter. In the third quarter of 2016, GDP had grown by 0.4% in the euro area and by 0.5% in the EU28. For more information click here. (REF: STAT/17/190)

EU: According to Eurostat, the statistical office of the European Union, the euro area seasonally-adjusted unemployment rate was 9.6% in December 2016, down from 9.7% in November 2016 and down from 10.5% in December 2015. This is the lowest rate recorded in the euro area since May 2009. The EU28 unemployment rate was 8.2% in December 2016, stable compared to November 2016 and down from 9.0% in December 2015. This remains the lowest rate recorded in the EU28 since February 2009. For more information click here. (REF: STAT/17/186)

EU: On January 30, 2017, Eurostat, the statistical office of the European Union, published information on contingent liabilities and non-performing loans of government for the year 2015. These data have been provided by the EU Member States in the context of the reinforcement of European economic and fiscal governance. For more information click here. (REF: STAT/17/166)

EU: According to Eurostat, the statistical office of the European Union, in the euro area, household income per capita increased by 0.2% in the third quarter of 2016, after an increase of also 0.2% in the previous quarter. Household real consumption per capita increased by 0.3% in the third quarter of 2016, after an increase of 0.1% in the second quarter of 2016. For more information click here. (REF: STAT/17/157)

EU: On January 25, 2017, the European Commission recommended the European Council to allow Member States to maintain the temporary controls currently in place at certain internal Schengen borders in Austria, Germany, Denmark, Sweden and Norway for a further period of three months. For more information click here. (REF: IP/17/124)

EU: On January 24, 2017, the European Commission published its third EU Citizenship Report taking stock of progress since 2014 and further presenting actions to ensure citizens can fully enjoy their rights when working, travelling, studying or participating in elections. Europeans are more than ever aware of their status as citizens of the European Union. Four out of five Europeans cherish, in particular, the right to free movement that allows them to live, work, study and do business anywhere in the EU. However, a lack of awareness means EU citizens do not fully exercise their right to vote in European and local elections and many are unaware of their right to consular protection from other Member States' embassies. For more information click here. (REF: IP/17/118)

EU: According to Eurostat, the statistical office of the European Union, in the third quarter of 2016, the seasonally adjusted general government deficit to GDP ratio stood at 1.7% in the euro area, an increase compared with 1.5% in the second quarter of 2016. In the EU28, the deficit to GDP ratio stood at 1.9%, a slight increase compared with 1.8% in the previous quarter. For more information click here. (REF: STAT/17/126)

EU: At the end of the third quarter of 2016, the government debt to GDP ratio in the euro area stood at 90.1%, compared with 91.2% at the end of the second quarter of 2016. In the EU28, the ratio decreased from 84.2% to 83.3%. Compared with the third quarter of 2015, the government debt to GDP ratio fell in both the euro area and the EU28. For more information click here. (REF: STAT/17/125)

EU: According to Eurostat, the statistical office of the European Union, house prices, as measured by the House Price Index, rose by 3.4% in the euro area and by 4.3% in the EU in the third quarter of 2016 compared with the same quarter of the previous year. For more information click here. (REF: STAT/17/101)

EU: According to Eurostat, the statistical office of the European Union, the EU28 seasonally adjusted current account of the balance of payments recorded a surplus of 15.8 billion EUR in November 2016, compared with surpluses of 15.0 billion EUR in October 2016 and 10.1 billion EUR in November 2015. For more information click here. (REF: STAT/17/100)

EU: According to Eurostat, the statistical office of the European Union, in November 2016 compared with October 2016, seasonally adjusted production in the construction sector increased by 0.4% in both the euro area and the EU28. In October 2016, production in construction grew by 0.4% in the euro area andby 0.3% in the EU28. For more information click here. (REF: STAT/17/89)

EU: According to Eurostat, the statistical office of the European Union, euro area annual inflation was 1.1% in December 2016, up from 0.6% in November. In December 2015 the rate was 0.2%. European Union annual inflation was 1.2% in December 2016, up from 0.6% in November. A year earlier the rate was 0.2%. For more information click here. (REF: STAT/17/88)

EU: According to Eurostat, the statistical office of the European Union, the household saving rate in the euro area was 12.6% in the third quarter of 2016, stable compared with the second quarter of 2016. The household investment rate in the euro area was 8.5% in the third quarter of 2016, compared with 8.6% in the previous quarter. For more information click here. (REF: STAT/17/61)

EU: According to Eurostat, the statistical office of the European Union, in November 2016 compared with October 2016, seasonally adjusted industrial production rose by 1.5% in the euro area and by 1.6% in the EU28. In October 2016 industrial production rose by 0.1% in the euro area, while it fell by 0.1% in the EU28. For more information click here. (REF: STAT/17/51)

EU: According to Eurostat, the statistical office of the European Union, in November 2016, compared with October 2016, industrial producer prices rose by 0.3% in both the euro area and the EU28. In October 2016 prices increased by 0.8% in the euro area and by 1.0% in the EU28. In November 2016, compared with November 2015, industrial producer prices rose by 0.1% in the euro area and by 0.7% in the EU28. For more information click here. (REF: STAT/17/10)

EU: According to Eurostat, the statistical office of the European Union, euro area annual inflation is expected to be 1.1% in December 2016, up from 0.6% in November 2016. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in December, followed by services, food, alcohol & tobacco and non-energy industrial goods. For more information click here. (REF: STAT/17/7)

FDI: Net foreign direct investment stocks held by the European Union in the rest of the world amounted to 6 894 billion EUR at the end of 2015, up by 14.9% compared with the end of 2014. Meanwhile, investment stocks held by the rest of the world in the EU rose even more strongly to 5 842 billion EUR at the end of 2015. However, the EU maintained a net investment position of slightly above 1 000 billion EUR in comparison to the rest of the world. For more information click here. (REF: STAT/17/50)

SECURITY: On January 19, 2017, the European Commission presented two implementation reports on the EU-US Terrorist Finance Tracking Programme Agreement and EU-US Passenger Name Records Agreement. For more information click here. (REF: IP/17/99)

SOCIAL: On January 23, 2017, the European Commission took a further step towards establishing a European Pillar of Social Rights with a high level conference in Brussels. For more information click here. (REF: IP/17/114)

TAXES: On January 3, 2017, the European Commission presented new rules to ensure that Member States have all the information they need on tax rulings given to multinational companies in other EU countries. As of January 1, 2017, Member States are obliged to automatically exchange information on all new cross-border tax rulings that they issue. This will be done through a central depository, accessible to all EU countries. For more information click here. (REF: IP/16/4494)

TOURISM: In 2016, the number of nights spent in tourist accommodation establishments in the European Union is expected to have reached more than 2.8 billion nights, up by 2.0% compared with 2015. Since 2009, there has been a steady increase in the number of nights spent in tourist accommodation establishments in the EU, notably driven by the rise in the nights spent by non-residents of the Member State. For more information click here. (REF: STAT/17/138)

TRADE: On January 27, 2017, a World Trade Organisation declared as illegal the Russian anti-dumping duties that hinder exports of Italian and German light commercial vehicles. The panel ruled that Russia failed to observe a number of WTO rules when introducing the anti-dumping duties in 2013. For more information click here. (REF: IP/17/151)

TRADE: The European Union surplus in trade in services fell in 2015 for the second year in a row. It stood at 145.9 billion EUR, compared with 170.4 billion EUR in 2014 and a peak of 177.7 billion EUR in 2013. This is the result of EU imports of services from the rest of the world growing faster than exports. For more information click here. (REF: STAT/17/70)

TRADE: According to Eurostat, the statistical office of the European Union, the first estimate for euro area exports of goods to the rest of the world in November 2016 was 184.2 billion EUR, an increase of 6% compared with November 2015. Imports from the rest of the world stood at 158.3 billion EUR, a rise of 5% compared with November 2015. As a result, the euro area recorded a 25.9 billion EUR surplus in trade in goods with the rest of the world in November 2016, compared with +22.9 billion EUR in November 2015. Intra-euro area trade rose to 154.0 billion EUR in November 2016, up by 5% compared with November 2015. For more information click here. (REF: STAT/17/67)

TRADE: According to Eurostat, the statistical office of the European Union, in November 2016 compared with October 2016, the seasonally adjusted volume of retail trade fell by 0.4% in the euro area and by 0.1% in the EU28. In October the retail trade volume increased by 1.4% in the euro area and by 1.3% in the EU28. For more information click here. (REF: STAT/17/67)

TTIP: On January 17, 2017, Trade Commissioner and United States Trade Representative had published a joint assessment of the progress made in the negotiations for a Transatlantic Trade and Investment Partnership since negotiations started in July 2013. For more information click here. (REF: IP/17/49)

UNEMPLOYMENT: According to Eurostat, the statistical office of the European Union, the euro area seasonally-adjusted unemployment rate was 9.8% in November 2016, stable compared to October 2016 and down from 10.5% in November 2015. This is the lowest rate recorded in the euro area since July 2009. The EU28 unemployment rate was 8.3% in November 2016, down from 8.4% in October 2016 and from 9.0% in November 2015. This is the lowest rate recorded in the EU28 since February 2009. For more information click here. (REF: STAT/17/27)

UNEMPLOYMENT: On January 5, 2017, the European Commission published an evaluation report of investments under the European Social Fund during the 2007-2013 period, with specific reports for each Member State. The report shows that by the end of 2014, at least 9.4 million European residents found a job with support from the Fund. 8.7 million people gained a qualification or  certificate. Other positive results, such as increased skills levels, were reported by 13.7 million participants. For more information click here. (REF: IP/16/3984)



 
 
 

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