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

News digest: Court opposes benefits for semi-vaccinated, again

Third pandemic wave is already here. Slovakia commemorates one of the biggest plane crashes in Czechoslovakia.


4 h
Another heat wave is expected to hit Slovakia on July 20 and 21.

Meteorologists warn about heat and storms

Weather warning for Wednesday afternoon.


11 h
Checks at the borders

Court objects to advantages for the partly vaccinated, but no practical changes at borders yet

Constitutional Court suspended currently valid rules for crossing borders for people with just a first shot. Changes will be adopted once the ruling is effective.


11 h
Queen Elizabeth II, President Ivan Gašparovič and some participants from the British Council project Dreams and Teams, October 2008.

From a shot director to meeting the Queen: The British Council celebrates 75 years in Slovakia

The organisation’s mission had not changed over the decades, says current head.


27. júl