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Preparations for euro introduction begin

Ninety-three percent of Slovak companies believe the introduction of the euro will have an impact on their work, according to a survey that aimed to find out how prepared Slovak companies are for euro adoption.

The poll was carried out in March 2007 by the Ernst & Young professional services company, who surveyed Slovak companies of various sizes. As many as 50 percent of the companies were based in Bratislava.

Most of the companies polled are currently in the initial stages of their preparations for the transition to the euro, but only 15 percent have worked out a strategic analyses of its possible effects. The most advanced in terms of preparation is the financial sector and companies concerned with network industries and telecommunications.

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

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