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

Preparation of young journalists lags

Editors and students complain about the lack of practical training at journalism schools and missing links with the realities of the media market.

International students travel to attend world leading universities. So they did in the past.

Raslavice village creates jobs; constructs wellness centre

By using eurofunds and state aid new Mayor of Raslavice Marek Rakoš thus created some 80 jobs in two years.

Fico: We are ready to discuss the 13th salary

The prime minister also presented reasons why Slovakia should be in the EU core.

PM Robert Fico

Meucci: Italy is not going through a catastrophe

Gabriele Meucci has been serving as the Italian Ambassador to Slovakia since January this year. He says that Slovakia is a haven for Italian investors but recently also for Italians coming here to work.

Italian Ambassador to Slovakia Gabriele Meucci