Spectator on facebook

Spectator on facebook

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

Slovak scientist in the US: Slovak science needs more than just money to thrive

It seems as if we do not want skilled scientists to return home, says Dominika Truban, who founded a platform connecting Slovak researchers abroad and at home.

Dominika Truban

The Education Ministry to restore the analytical institute

The institute that is part of the Value for Money initiative was merged with another body at the beginning of the year.

Education Minister Martina Lubyová

Blog: Helping others helps your company too

Tatiana Čaplová, Program Coordinator for CSR at the Pontis Foundation, offers a very interesting look behind the scenes of the most successful CSR event in Slovakia - Naše Mesto (Our City).

Bratislava