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

News digest: Portugal will be a “no go” country, border checks for Covid variants to be discussed

More districts in Slovakia are lifting measures. Bratislava-based carmaker suspends production again. Meteorologists issue heat warnings.


10 h
Marian Kocner at the Supreme Court, June 15, 2021.

Kuciak case: Court overturned the acquittal of Kočner. What happens next?

The original verdict had been surrounded by questions since before it was delivered.


15. jún
Parliament

Another poll confirms the popularity of opposition parties (+graphs)

Eight parties would make it to parliament, latest AKO poll suggests.


17 h