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Slovakia faces healthcare crisis as large numbers of doctors resign

China

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China

Slovakia faces healthcare crisis as large numbers of doctors resign

2024-12-29 17:50 Last Updated At:12-30 14:37

Slovakia's healthcare system is facing a dire crisis as doctors in the country are resigning in protest against poor working conditions, insufficient funding and relatively low salaries.

Over 3,000 doctors are set to resign on the New Year's Eve because of their frustrations with the government.

"We would like the state to pay more money to hospitals. So the hospitals can then deliver better health care," said Martin Zakucia, a representative of the Medical Trade Union Association.

Doctors accuse the government of breaking promises.

In 2022, it signed a 13-point memorandum with the doctor's union that guaranteed wage increases, better training and improved hospital conditions.

But Martin Smetana, a healthcare economist, says those promises have been abandoned.

"I really hope we won't come to this point because this will end when the first patient dies who didn't have to die," he said.

Experts say public hospitals are experiencing staffing shortages and nearly 20 percent of new doctors choose to leave the country after graduation in search of better salaries abroad.

The Slovak government recently approved a wage boost to ease tensions. It raises pay for nurses but has left doctors feeling betrayed. They are demanding the 9.7-percent pay rise promised in 2022 instead of the 6.4-percent currently on the table.

Slovakia's government argues that cost-cutting is needed to meet budget requirements of the European Union, but doctors say the issue goes beyond pay.

They also say they are overworked in underfunded state hospitals, often dealing with outdated equipment and conditions that have worsened since the 2022 agreement.

With no end to the dispute in sight, the government has intensified pressure on doctors, recently introducing a bill threatening up to a year in prison for walkouts. It has left the public and patients stuck in the middle.

"I support the doctors because healthcare in Slovakia is in bad shape. We have few beds, old equipment and long waiting times," said a patient.

"I understand why they're unhappy. They have valid reasons, but I hope both sides can find a solution," said another patient.

Negotiations between the government and the doctors' union have stalled. But if the resignations go through, it means that over half of the 6,000 doctors currently employed in Slovakia's hospitals will be out of work.

Slovakia faces healthcare crisis as large numbers of doctors resign

Slovakia faces healthcare crisis as large numbers of doctors resign

Slovakia faces healthcare crisis as large numbers of doctors resign

Slovakia faces healthcare crisis as large numbers of doctors resign

Slovakia faces healthcare crisis as large numbers of doctors resign

Slovakia faces healthcare crisis as large numbers of doctors resign

Tokyo stocks ended lower Monday, with the benchmark 225-issue Nikkei Stock Average falling around 1 percent, amid concern that the surging yen could disrupt companies' business outlooks, said an analyst.

The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 607.12 points, or 0.94 percent, from Friday at 63,754.90.

The broader Topix index, meanwhile, finished 43.27 points, or 1.08 percent, lower at 3,960.03.

The Japanese yen rose sharply on Monday, briefly surging to the lower 155 yen range against the U.S. dollar, after Japan confirmed joint currency market intervention with the United States and possible further intervention.

The U.S. dollar fetched 156.76-78 yen after briefly hitting 155.20 yen, compared with 157.33-43 yen in New York and 160.20-22 yen in Tokyo at 17:00 local time Friday.

"Over in Tokyo, the big story was of course the rare joint action by Japan and the U.S. to support the yen, which had been trading near 40-year lows in recent weeks. Japan's finance ministry confirmed that coordinated intervention today and said the two countries are prepared to act on that again. The yen rose as much as 1.4 percent at one stage and the Nikkei 225 fell around 1 percent. The stronger currency was weighing on exporters. There we had Suzuki Motor down 6.7 percent. Many Japanese-listed companies earn a substantial share of their revenues overseas, and a stronger yen reduces the value of those earnings when they are translated back into the Japanese currency. AI-linked stocks also weighed on the market, with the chip-testing-equipment maker Advantest down 3.3 percent," said Timothy Pope, a Shanghai-based market analyst for China Global Television Network (CGTN).

Pope said that in the rest of the week, investors are going to watch closely the earning reports to be released by the major companies.

"Tokyo has some major earnings to watch this week as well. So, we will be following Toyota, Nintendo and SoftBank -- all of them are due to report. SoftBank's results will be watched particularly closely for further clues about the returns, the risks as well as all of those associated with the enormous sums being invested in AI at the moment," said Pope.

Tokyo stocks end lower Monday on stronger yen: analyst

Tokyo stocks end lower Monday on stronger yen: analyst

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