EC: Slovakia needs more structural reforms and stricter fiscal policy

Slovakia must carry out further structural reforms and introduce stricter fiscal discipline if it wants to adopt the Euro on January 1, 2009, an evaluation of the country's convergence plan published by the European Commission (EC) on January 30 states.

Slovakia must carry out further structural reforms and introduce stricter fiscal discipline if it wants to adopt the Euro on January 1, 2009, an evaluation of the country's convergence plan published by the European Commission (EC) on January 30 states.

Although inflation fell significantly last year, increases are expected due to developments in the prices of foodstuffs and energy, strong economic growth, lower flexibility in the labour market, and the weakening effect of national currency appreciation, said the EC. "In order to meet inflation targets stated in the program, which presupposes that Euro adoption will take place in 2009, and in order to handle possible inflationary pressures, more structural reforms are needed," reads the assessment. "The Government also needs to be ready to introduce stricter fiscal discipline than the plan envisages," adds the document. 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.

Top stories

PM Eduard Heger

Non-vaccinated will not pay for tests for work, school or shops

Hundreds of people protested against the amendment that the parliament passed on Sunday morning.


24. júl
Lawfirms provided legal advice pro bono related to the negative impact of the anti-pandemic measures on retail.

BUSINESS FOCUS: Demand for free legal advice increased in pandemic, pro bono specialists say

The use of AI in law firms, the CSR activities of law firms, an interview with Special Prosecutor Daniel Lipšic and gender equality in law firms are among the highlights of the latest Business Focus.


23. júl
Dancers perform in the streets of Trenčín, spotlighting the architecture of the city.

Slovakia will open a new institute, this time in Jerusalem

Culture, sports and travel stories rounded up in one place.


23. júl
The Office of the Public Defender of Rights flies the rainbow flag to mark the Bratislava Pride in 2021.

The pandemic has made it clear that we must stand together

International friends and partners of Slovakia celebrate Bratislava Pride.


24. júl