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.

Get daily Slovak news directly to your inbox

Top stories

News digest: Foreigners’ Police departments remain closed

Slovenia has ordered PCR tests developed by Slovak scientists. Holocaust survivors received the coronavirus vaccine jab.

6 h

Slovakia has more and more vaccines available. State lacks courage

Slovakia is taking a cautious approach to make sure it will be able to deliver second doses when needed.

10 h
Police control at the border crossing in Drietomá (Trenčín Region).

Stricter curfew rules come into force, police intensify checks

Negative test result required when going to work or doing sports in nature.

12 h
The entry of new data is required via Slovensko.sk.

Companies complain about an absurd fee. They need to add information state also has

Firms have to add their representatives’ birth numbers to business register. They can be fined if they fail to do it.

12 h