Economic recovery is picking up in the Slovak Republic, but regional disparities and high unemployment must be addressed to ensure balanced inclusive growth over the long-term, according to the latest OECD Economic Survey of the Slovak Republic.
The international community continues making progress toward greater cooperation to ensure effective information exchange in tax matters. The Global Forum on Transparency and Exchange of Information for Tax Purposes issued today 12 new reports that highlight action being taken by jurisdictions to implement the international standard for exchange of information on request.
The Slovak Republic has become the 27th member of the OECD Development Assistance Committee (DAC), the leading international forum for bilateral providers of development co-operation.
As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.
The Slovak Republic recovered strongly from the global economic crisis and is weathering well the storm that has struck its main European trading partners. The challenges going forward will be restoring public finances while driving down unemployment and fostering long-term inclusive growth, says the latest Economic Survey.
20/06/2012 - The Slovak Republic must urgently meet its obligations under the Convention it signed 12 years ago and introduce an effective corporate liability regime so that Slovak companies are held accountable for the bribery of foreign public officials in cross-border business deals, says a new OECD report.
29/03/2012 - Slovak Republic should help preschool teachers improve their skills, says OECD, and should encourage preschool teachers to keep improving their qualifications throughout their career and attract more young people, especially men, to the profession
As the Slovak Republic strives to increase productivity and competitiveness in the recovery from the financial crisis, the OECD Environmental Performance Review of the Slovak Republic recommends that it strengthen environmental policies.
“The introduction of corporate liability into the Slovak Republic’s legislation is a very welcome development,” Mr. Gurría commented. “It sends a strong message of commitment to the fight against corruption and helps create a level playing field for firms competing internationally.”
The OECD Working Group on Bribery sharply criticised the Slovak Republic’s failure to bring its anti-bribery law on corporate liability into line with its international obligations under the OECD Anti-Bribery Convention.