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Slovaks' Standard of Living Rising Fastest in Visegrad Four Group
Sunday 14 November 2010 Zoom in | Print page
Bratislava, November 14 (TASR) - The standard of living in Slovakia is growing at the fastest pace among the Visegrad Four countries (Slovakia, the Czech Republic, Poland and Hungary), Postova Banka analyst Eva Sadovska has said.
"After the dissolution of Czechoslovakia (in 1993), Slovaks' standard of living in terms of gross domestic product was substantially worse than in the Czech Republic. While Slovaks were at slightly over 50 percent of the EU average, the same indicator was nearly 70 percent in the Czech Republic," she said.
"However, Slovaks are ever closer to the EU average and were at 72 percent of the EU's average standard of living in 2008 and 2009," she asserted.
Hence, Slovaks have surged by over 20 percentage points over the past 13 years. The standard of living in Poland has gone up by 14 points, while Hungary and the Czech Republic have improved by 10 and 7 points, respectively, said Sadovska.
The highest standard of living remains in the Czech Republic - 80 percent of the EU average. As mentioned earlier, Slovakia on 72 percent ranks second, followed by Hungary (63 percent) and Poland (61 percent).
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