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Slovak crown continues its rise

The Slovak crown broke new records yesterday as it reached Sk40.82 against the euro.

Analysts believe part of the reason for the strengthening Slovak crown is destabilizing factors in surrounding countries, with an upcoming election in Poland and a weak government in the Czech Republic.

"The trend in many [economic] indicators is positive. Besides that, the Slovak government is seen as the most pro-reform in the Visegrad Four countries," said Tatra Bank analyst Branislav Baričák.

Compiled by Conrad Toft from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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