Average Slovaks have little knowledge of finance and business

Topical issue

Average Slovaks have little knowledge of finance and business

16. 04. 2018 15:14

Slovakia's wider population does not have enough knowledge of finance and business issues, the Association of Employers Unions (AZZZ) has pointed out, backing up its claims with the results of various international tests. "This can be backed up by an OECD test involving a representative sample of pupils, in which we scored below the average of EU-member states", said AZZZ presidium member Andrej Hutt.

An organisation called JA Slovensko (I Slovakia), which focuses on educating young people in the areas of business and finance, pointed to Slovakia's poor results in similar tests, such as PISA and KPMG UK The Growth Promise Indicators (GPI). "The Slovak Republic has been posting rather poor figures in terms of business education and financial literacy," said the head of the organisation Peter Kalčevský, adding that the reason for this is partly the fact that business literacy is viewed in Slovakia as an area aimed solely at a particular group of pupils attending specialised schools. "There's a strong belief that these skills are only for the pupils of secondary business schools and of grammar schools, but they are also important for pupils of other secondary vocational schools because these prepare pupils for a particular profession," said Kalčevský.

Kalčevský went on to say that the situation in terms of financial literacy had been gradually improving in the country, partly thanks to the Financial Literacy National Standard (NSFG) issued by the Education Ministry. "The standard defines what pupils should know at the end of a particular year and obliges schools to incorporate the set topics into the school curriculum," he said, pointing to the fact that many teachers and schools have been struggling with the task, mainly due to a lack of school books.

Mojmir Prochazka, Photo: stevepb/Pixabay.com

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