Prime Minister says no need to compensate for euro

The government sees no reason to adopt radical social measures to compensate for the impact of euro introduction in Slovakia, Prime Minister Robert Fico stated on May 12.

The government sees no reason to adopt radical social measures to compensate for the impact of euro introduction in Slovakia, Prime Minister Robert Fico stated on May 12.

He added that "we are concentrating chiefly on those who are going to try to take advantage of the euro changeover".

The development of inflation, as well as anti-inflationary measures that are being prepared, including a strong exchange rate, should ensure that inflation in Slovakia will achieve the level in developed European countries, Fico said as quoted by the SITA newswire.

President Ivan Gašparovič has stated that he also does not view the situation as dramatic. Fico informed the president about the course of negotiations on setting the conversion exchange rate. He said the objective is not the appreciation of people's incomes and savings, "but that the strong exchange rate militates against inflation, for every single crown in the exchange rate lowers inflation by 0.5 to 0.6 points". SITA

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

Cycling routes can be found all around Bratislava.

Weekend: Dust off your bike and cycle along the Morava

Bike rides, creating your own art, the history of Book Month and more.


24. mar
Volkswagen will make all-electric versions of the Porsche Cayenne luxury SUV.

News Digest: Volkswagen Slovakia to produce all-electric luxury SUV

LGBT+ minority could face new difficulties, a suspect is charged in the Daniel Tupý murder case.


24. mar
Filip Toška holding chard in the hydroponic Hausnatura farm.

How a Mayan doomsday prophecy took a Slovak to hi-tech agriculture

Hydroponic farm run out of former telephone exchange.


9. mar
University student Daniel Tupý was murdered in November 2005 in Bratislava.

NAKA charges suspect in Daniel Tupý murder case

Eight out of the ten suspects detained this week have now been released.


24. mar
SkryťClose ad