Spectator on facebook

Spectator on facebook

Slovak crown developing well

The Czech crown, the Hungarian forint and the Polish zloty have been easing for several months against the euro, which Slovakia will adopt as of January 1, the Sme daily reported. The Slovak crown, koruna, has fluctuated only slightly above its official changeover rate (Sk30.1260/€) since July. The other CEE currencies have been weakening against the euro due to the global financial crisis. Their stories are similar: initial optimism has been replaced by bigger problems with exports than expected, while Hungary has been swept by its own specific economic woes. These developments will be reversed over the course of time, however.

The Czech crown, the Hungarian forint and the Polish zloty have been easing for several months against the euro, which Slovakia will adopt as of January 1, the Sme daily reported. The Slovak crown, koruna, has fluctuated only slightly above its official changeover rate (Sk30.1260/€) since July.

The other CEE currencies have been weakening against the euro due to the global financial crisis. Their stories are similar: initial optimism has been replaced by bigger problems with exports than expected, while Hungary has been swept by its own specific economic woes. These developments will be reversed over the course of time, however.

"The currencies of converging countries will strengthen against the euro," Peter Goliáš from the INEKO institute told Sme on December 20.

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

Babiš: I am not a crook, read the story of Chirac or Berlusconi

Despite a mounting list of scandals Andrej Babiš, the billionaire ex-finance minister of Slovak origin, and his ANO party remain the frontrunners in the Czech Republic’s October 20-21 general election.

Andrej Babiš

British PM: We are not treating EU nationals as bargaining chips

Open letter of Theresa May to EU citizens in the UK.

Theresa May

Sentenced!

It is definitely good news that at least one emblematic scandal did not end in vain.

Minister Igor Štefanov was sacked over a scandal.

Do you want a Sagan for your Lego collection? Photo

The post is very popular on Facebook.

Peter Sagan