Spectator on facebook

Spectator on facebook

Slovak crown gets boost

The SITA newswire reports that the Fitch rating agency has revised Slovakia's credit outlook upward from stable to positive for long-term foreign debt, indicating Fitch's opinion that Slovakia will probably meet the Maastricht criteria for euro adoption by January, 2009.

Following the announcement Slovak currency strengthened significantly Monday afternoon. "The crown consequently broke the 33.00 SKK/EUR barrier, when its exchange rate against the euro reached 32.99 SKK/EUR," OTP Banka's Eduard Pracko said.

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

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska