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Crown may strengthen after presidential election

THE SLOVAK crown could regain strength after the defeat of former authoritarian PM Vladimír Mečiar in the presidential election, analysts predict.

After the election of Ivan Gašparovič, former speaker of parliament, the crown could strengthen for a short time against the euro and shift towards the Sk40 per euro, Ján Toth, an analyst with ING Bank, said to the daily SME.

Further developments will depend on how Gašparovič actually carries out his post, especially with respect to the right-wing cabinet. Gašparovič will take office on June 15.

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

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