BUSINESS BRIEFS

2008 realistic date for EMU entry

THE FINANCE Ministry and the National Bank of Slovakia (NBS) cite 2008 as a realistic date for Slovakia's entry to the European Economic and Monetary Union (EMU).

Tatrabank analyst Róbert Praga said that if the government reduced the public deficit, fulfilling the Maastricht criteria necessary for entry to the EMU would not be a problem.

Vice governor of the NBS Elena Kohútiková stressed it was important for Slovakia to join the euro at the same time as Poland, the Czech Republic, and Hungary.

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