Spectator on facebook

Spectator on facebook

IN SHORT

Šramko: Euro will solve exchange rate risks

THE INTRODUCTION of the common European currency in Slovakia will solve a significant problem in terms of the inherent exchange rate risks faced by entrepreneurs, National Bank of Slovakia (NBS) Governor Ivan Šramko said June 9.

Šramko added, "If there's an end to the exchange rate risk, the NBS will move into a balanced or surplus management regimen."

Recently, the NBS has posted losses because of the strengthening of the Slovak crown, the TASR news agency wrote.

"None of the neighbouring countries denies the usefulness of being in the eurozone. Only Hungary has not opened discussions concerning this topic because of its macroeconomic problems," Šramko added.

Šramko also said that the loss of the importance of the NBS in favour of the European Central Bank would be one of the effects of adopting the common European currency.

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

Jaguar will need people from abroad for its Slovakia's plant

HR director Nicci Cook says that she sees women and the long-term unemployed as an untapped resource of the work force for the JLR plant in Nitra.

Nicci Cook

People marched for LGBTI rights in Bratislava

Take a look at the Bratislava Rainbow Pride 2018 that took place on Saturday, July 14.

Begin afresh

I’m not sure if there is a typical Canadian way to get married.

Slovakia to buy F-16 fighter jets. What is wrong with the ministry's analysis?

The Defence Ministry persuaded the government that the American offer is better than the Swedish, but analysts are not convinced.

F-16 fighter jet.