Spectator on facebook

Spectator on facebook

Slovakia to start meeting Maastricht inflation criterion next month

The governor of the National Bank of Slovakia (NBS), Ivan Šramko, said Slovakia will start meeting the Maastricht inflation criterion in September 2007.

That means initial estimates that the country could meet this criterion as soon as August will not be met.

The reason for this, however, is not that inflation development in Slovakia is worse, but rather that the calculation base for the reference value has changed.

"Malta, with its very low inflation rate, joined the reference currencies, and when comparing our average harmonised inflation with the reference value, Slovakia did not meet the criterion by a tenth of one percent," Šramko said at a press conference on August 28.

-SITA

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

Babiš: I am not a crook, read the story of Chirac or Berlusconi

Despite a mounting list of scandals Andrej Babiš, the billionaire ex-finance minister of Slovak origin, and his ANO party remain the frontrunners in the Czech Republic’s October 20-21 general election.

Andrej Babiš

British PM: We are not treating EU nationals as bargaining chips

Open letter of Theresa May to EU citizens in the UK.

Theresa May

Sentenced!

It is definitely good news that at least one emblematic scandal did not end in vain.

Minister Igor Štefanov was sacked over a scandal.

Do you want a Sagan for your Lego collection? Photo

The post is very popular on Facebook.

Peter Sagan