Spectator on facebook

Spectator on facebook

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.

Top stories

Gilden: Take the negative and make a positive from it Photo

The works of New York native, photographer Bruce Gilden, who has worked for five decades in the streets of the biggest cities, are on exhibit in the Kunsthalle (House of Arts) in Bratislava.

Bruce Gilden: Feast of San Gennero, Little Italy, 1984.

The ongoing struggle for a free and democratic Slovakia

The people of Slovakia deserve the credit for the remarkable progress that this country has made over the past twenty-five years, US ambassador writes.

Illustrative stock photo

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 24 and December 3, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Christmas Markets Bratislava

Robert Fico has lost the electoral magic he once had Plus

But his party can still bounce back if they do the things that make parties resilient.

Robert Fico claims that Smer won the regional elections because it is the party with the most chairs in regional councils.