Crown hits new record

THE SLOVAK crown reached a new record strength yesterday when, on the back of the surging Polish zloty, its exchange rate against the euro hit 37.37.

Until January 9, the crown's best rate had been Sk37.51 against the euro set in March 2005, the Hospodárske noviny business daily wrote.

"Provided developments remain positive, the crown may continue to appreciate," Unibanka analyst Patrik Malec told the daily.

Although Slovak residents may benefit from the stronger currency in the form of cheaper goods and holidays abroad, Slovak exporters who do their deals in euros are worried.

"Each one percent increase in the strength of the crown costs our firms Sk0.5 billion in sales," said Tibor Gregor, the director of Klub 500, an association of Slovak companies employing over 500 people.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Massive gatherings remember Kuciak and Kušnírová: We did not forget!

One year after the murder of journalist Ján Kuciak, large protests took place around Slovakia.

Protest gathering in Bratislava, February 21, 2019.

Owls indicate spring is coming

Male owls lured by bird calls fly in to take a look at the intruder.

Long-eared owl

Murder of journalist: We need to see indictments of masterminds soon

International journalists’ organisations are “cautiously optimistic” after meeting investigators of the Kuciak murder.

Ján Kuciak

Ján Kuciak and Martina Kušnírová were murdered one year ago (timeline)

These are the notable moments of the first year since the murder.

Paying tribute to Ján Kuciak and Martina Kušnírová.