Slovak business sector preparing for Euro adoption

"Slovak food producers welcome this opportunity, and are intensively preparing for the introduction of the new currency," said Ivan Oravec, chairman of the Slovak Food and Agriculture Chamber (SPPK).

"Slovak food producers welcome this opportunity, and are intensively preparing for the introduction of the new currency," said Ivan Oravec, chairman of the Slovak Food and Agriculture Chamber (SPPK).

Oravec added that the only real threat to his members could be a disadvantageous setting of the fixed conversion exchange rate.

The Hotel and Restaurant Association (ZHR) in Slovakia is ready for Euro adoption as well, with many hotels and restaurants already billing in both crowns and Euros at the exchange rate used by their associated bank, the president of the ZHR said on January 6. TASR

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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