Slovak economy increased by 60 pct since joining EU: official

Source: Xinhua| 2017-10-16 23:37:12|Editor: Mu Xuequan
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BRATISLAVA, Oct. 16 (Xinhua) -- The Slovak economy has recorded a 60 percent growth since Slovakia's joining of the EU, European Commission Vice-president for Energy Union Maros Sefcovic said at a press briefing in Bratislava on Monday.

"I think this is the best evidence of the fact that the EU membership has brought a panoply of benefits to Slovakia. Certainly no one would force Slovakia into measures that would undermine its competitiveness. As we have already seen in recent years, Slovakia is closing the gap between itself and the most developed countries in terms of living standards," stressed Sefcovic.

Every individual is assessing Slovakia's development through the lens of his own personal perceptions and thus sometimes they might feel that the statistics are not really accurate, but this has changed in recent years.

"For the first time in many years, I must say that the positive development of Slovakia doesn't hinge so much on exports but rather on the growth in domestic consumption. And that is the proof that even Slovak consumers are growing economically stronger and will pose as an important stabilisation factor in the future," concluded Sefcovic.