Spectator on facebook

Spectator on facebook

Plan to protect consumers during euro adoption unveiled

The Economy Ministry has drawn up a blueprint for protecting consumers during euro adoption in response to the widespread opinion that dishonest entrepreneurs will take advantage of the changeover in order to introduce uncontrolled price hikes.

The measures taken will include the setting up supervisory bodies, along with moves to prepare the public for a gradual changeover, so that they will begin to "think in euros". The ministry acknowledges that a lack of information, an unsuitable legal environment and inadequate controls could have an adverse impact mainly on vulnerable groups of consumers.

Retailers will be obliged to display dual prices no later than one month after the changeover conversion rate is announced, while all statements of monetary sums, prices or values in the domestic currency will have to display the euro equivalent.

Slovakia plans to introduce the euro as of January 1, 2009. The official changeover rate will be announced several months in advance.

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

Top stories

Messerschmidt created most of his character heads in Pressburg

Bratislava will name a square after the prominent artist

A replica of one head from the series Character Heads by F. X. Messerschmidt; ownership of the Slovak National Gallery

Christmas Bazaar returns to the Old Market hall

One of the events which presents diplomatic communities residing in Slovakia to the wider public is the already traditional Christmas Bazaar, which focuses on gastronomy and charity.

Christmas Bazaar 2016

Blog: The wanderer returns home

The places you visit, people you befriend, experiences that leave their mark, they all become a part of you.

Go east for real morality, Jean-Marc Barr says Photo

The French American actor/director, who plays in a Slovak co-production film, said during a recent visit to Bratislava that eastern Europe, and other eastern countries still have what America has already and what…

Jean-Marc Barr during IFF Bratislava 2017