ECONOMIC BRIEFS

NBS does not see devaluation of the crown this year

According to the director of the NBS's Institute for Monetary and Fiscal Studies, Jozef Makúch: "Devaluation as a tool for solving Slovakia's balance of payments deficit would not bring adequate results, and that is why the NBS does not plan on devaluing the Slovak currency this year. The main reason is that Slovak exports are highly import-demanding and a change in the exchange rate would not solve the foreign trade deficit problem. Devaluation would only be feasible as a reaction to non-systemic changes, such as a significant weakening of the Czech crown, since the Czech Republic is still Slovakia's largest trade partner."

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Pensioner awarded for uncovering land fraud

The deceased have been selling land in the east of Slovakia including to a racketeer.

Mária Sisáková received the White Crow (Biela vrana) award on November 17, 2019

Bloc party: Opposition has become coalition-crazed

Mid-November brought a joyful anniversary and more talk about cooperation.

The start of trial in the Kuciak and Kušnírová murder case set

The court plans to publicly hear the indictment.

Illustrative stock photo

Security expert charged with leaking classified information

The National Criminal Agency is still investigating reasons for the leak.

Jaroslav Naď