ECONOMIC BRIEFS

Euro will replace D-mark in crown's basket from next January

The new Euro will replace the Deutschemark in the Slovak crown's currency basket from the beginning of next year, the NBS announced on May 15. The crown currently trades against a 60/40% mark/dollar basket. "The NBS's decision to replace the mark with the Euro in the Slovak crown currency basket is a reaction to integration and globalization trends in the European Union," the NBS said in a statement. Trading in Euros will begin next year, with the actual currency set to appear in 2002 when the participating countries will withdraw their respective banknotes and coins.

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News digest: Pilot testing deemed successful

Coronavirus affects bus connections, gastronomy businesses send an open letter to the prime minister. Take a look at the latest in our news digest.

PM Igor Matovič presents the results of the pilot nationwide testing on October 26.

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger