Spectator on facebook

Spectator on facebook

Crown sets new record - 32.13/EUR

The Slovak crown set a new record of 32.13/EUR in trading shortly before 10 a.m. on May 6. OTP Bank dealer Eduard Pracko told the TASR newswire that the crown opened in the morning at 32.23/26 SKK/EUR, before quickly breaking through the previous record of 32.19/EUR.

The Slovak crown set a new record of 32.13/EUR in trading shortly before 10 a.m. on May 6. OTP Bank dealer Eduard Pracko told the TASR newswire that the crown opened in the morning at 32.23/26 SKK/EUR, before quickly breaking through the previous record of 32.19/EUR.

Investors were engaged in heavy buying of the unit in anticipation of a favourable assessment of Slovakia's readiness to join the Eurozone. The unit currently stands at 32.10/32.15 SKK/EUR.

Although the European Commission and the European Central Bank (ECB) will not release their assessment reports on Slovakia until May 7, both institutions are expected to support the country's application to join the Eurozone as of January 1, 2009. Continued heavy buying of the crown could push the unit to levels as strong as 32 or even 31.8/EUR. The markets will mainly be waiting to see what the final crown-euro changeover rate will be. TASR

b>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

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4