Spectator on facebook

Spectator on facebook

Slovak crown eases due to political crisis

THE SLOVAK crown eased against its referential currency, the euro, on September 13, due to the ruling coalition's inability to form a quorum in parliament and the rising probability of an early election, the TASR news wire reported.

"The political crisis has influenced the crown's rate more than elsewhere in Central Europe, with the Slovak crown being the only currency in the region that has eased," VÚB Banka dealer Ladislav Benedek told the TASR news wire.

Benedek expects the crown's easing to continue in the upcoming days. A different development is possible only if the crisis is solved and the threat of early elections recedes. According to Benedek, the crown should not ease very significantly. However, it is difficult to tell what limits are realistic, as the limits will depend on regional developments.

The crown eased against the US dollar as well. It closed at 31.31/31.32 crowns to the dollar, which is 20 hellers weaker than in previous days.

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

Top stories

Pellegrini’s cabinet bets on a non-partisan interior minister

Nine ministers remain unchanged, the interior to be led by “a man from Drucker’s team”. Here are the names Pellegrini wants in his cabinet.

Jozef Ráž is proposed to become the new interior minister.

Tax assignation fetches record funds

More than one half of companies do not assign corporate taxes to non-government organisations.

Illustrative stock photo

Politics is not filth, it concerns all of us

Who falls asleep in democracy, wakes up in totalitarianism.

Bratislava For a Decent Slovakia protest March 16, 2018.

Slovakia has its historically most successful Paralympics Video

The athlete who won most medals is visually impaired skier Henrieta Farkašová – who was unhappy, though, after coming second in the slalom on March 17.

L-R: Guide Natália Šubrtová and the msot successful Slovak Paralympic athlete, Henrieta Farkašová,