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People fear rising prices after EU entry

THE VAST majority of Slovaks, 90 percent, think that following the country's entry into the EU, prices will increase, a survey carried out by the public opinion research institute with the Statistics Office showed.

Martin Bruncko, adviser to Finance Minister Ivan Mikloš, disagreed with public opinion. He said that there is no direct relationship between a country's integration and growing prices.

According to Bruncko, a possible increase of prices would not be linked to the integration, but rather due to a working free market economy and the fact that the state has stopped regulating some prices.

Chief analyst with Slovenská sporiteĺňa (SLSP) bank Martin Barto thinks, however, that a gradual increase of prices can be expected because the prices of some of Slovakia's products and services are only at 40 percent of the EU average. but Barto does not think the price growth will be dramatic.

As much as 60 percent of Slovaks were optimistic that the EU entry would bring more investments into the central European state.

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