Re: Interview with Ľubomír Lorencovič, Volume 12, Number 18, May 7 - May 14, 2006
A bit too much emphasis is being put on the strength of the Slovak koruna here. In around three month's time, a new government is going to be formed, and the koruna's value is going to fluctuate. Then, less than 2.5 years after that, the euro will be introduced.
Also, I am sure Privatbanka can serve well where the language barrier is concerned, and as a spring board to adequate capital management for affluent Slovaks, but the shortage of local investment vehicles and instruments will likely leave this bank a waystation for quite some time to come.