BUSINESS SHORTS

Government adopts law on euro introduction

THE SLOVAK Cabinet has approved a bill aimed at ensuring a smooth transition from the Slovak currency to the euro.

The Law on Euro Adoption, passed by cabinet on September 26, still has to be approved by the parliament, the TASR newswire wrote.

The bill deals with the dual circulation of the Slovak crown and euro, dual pricing, rules for rounding up and down prices in converting crowns to euros, and rules for exchanging crowns in cash after the Slovak currency goes out of circulation.

However, the bill doesn't address the Maastricht criteria for euro adoption, nor macroeconomic or monetary policies related to Slovakia's eurozone entry. Slovakia plans to introduce the euro at the start of 2009.

The bill also amends the laws on the National Bank of Slovakia (NBS), transferring its authority in monetary policy and currency circulation to the European Central Bank.

Get daily Slovak news directly to your inbox

Top stories

Grandson turns his blue-haired grandma into an Instagram sensation

President Zuzana Čaputová is one of her nearly 13,000 followers.

Photographer Marek Pupák takes pictures of his grandmother. He also created the blue.grandma profile on Instagram, where he posts the photos of her.

Roundup: Shoe boxes turn into Christmas gift boxes to cheer up lonely older people

People can fill and hand in their own box until December 6.

The White Night Festival takes place in Bratislava during Christmas.

Some schools will open on December 7

Matovič pushed through testing at schools, government is launching a pilot project this weekend.

PM Igor Matovič (front) and Education Minister Branislav Gröhling  (back)

Freed in the Kuciak murder case, guilty of another murder

The Specialised Criminal Court sends Alena Zsuzsová to prison for ordering the murder of former Hurbanovo mayor. She appealed against the verdict, insists she is innocent.

Alena Zsuzsová is escorted to the courtroom.