PM says euro will be adopted in 2009 as planned

THE NEW Slovak government plans to retain 2009 as the year for Slovakia's entry to the euro zone said PM Robert Fico after meeting with Finance Minister Ján Pociatek and central bank (NBS) governor Ivan Šramko.

In an attempt to calm the markets, Fico also said that his government has a great interest in complying with all Maastricht criteria and with keeping the public finance deficit within the boundry of 3 percent of GDP, adding that he was aware of the importance of fiscal stability.

The NBS has intervened in favor of the currency three times since the June 17 general elections and has spent €2.5 billion to €3 billion to support the crown. The Slovak currency has weakened by 1.6 percent in relation to the euro, its referential tender, since the elections Pravda wrote.

Analysts expect the NBS to increase interest rates to 4.5 percent at the end of July. This would be the third time this year that the key rates have been increased.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Trenčín covered in Christmas lights on November 29, 2021.

Weekend: Ježiško's Christmas Post Office is open, expecting letters from around the world

Make yourself comfortable and explore what has been going on in Slovakia in the past days.


3. dec

News Digest: Climate in Slovakia could be similar to Italy's in a few decades

Suburban transport in Bratislava Region to improve, registration for regulated parking in Bratislava launched, utility regulator announces price caps for 2022.


3. dec
Waydanovský House, today Martineum, after reconstruction.

Historical house near Bratislava cathedral no longer needs to hide behind Van Gogh

The Waydanovský House, now Martineum, will serve as the background facility for St Martin's Cathedral. Take a look at how it looked in the past and now.


1. dec

Culture Ministry looks to create ‘21st century environment’ for Slovak media

Transparency of ownership and financing among proposed overhaul of decades-old laws.


2. dec
Skryť Close ad