Spectator on facebook

Spectator on facebook

Foreign exporters in Slovakia hail switchover to euro

The Slovak unit of Swedish firm SCA Hygiene Products in Gemerská Hôrka (Banská Bystrica region) is among the foreign-based export-oriented investors in Slovakia that welcome the country's upcoming changeover to the euro.

The Slovak unit of Swedish firm SCA Hygiene Products in Gemerská Hôrka (Banská Bystrica region) is among the foreign-based export-oriented investors in Slovakia that welcome the country's upcoming changeover to the euro.

"Our exports make up 93 percent of our output ... we welcome the euro," said Anna Balážová, SCA manager for financial services.

She added that the arrival of the euro is a boon during the current financial crisis.

"First of all, exchange-rate turbulence involving the national currency will cease to exist, something that can't be said about other countries. It is beneficial for us to enter a stable monetary environment," she said.

The SCA has set up a special implementation team to handle the arrival of the new currency, with the Slovak plant backed to a large extent by its parent company in Sweden. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Heavy rains flood the Tatras Video

People had to be evacuated and several hiking routes had to be closed.

Stará Lesná

Trump plays with the world like a spoiled child

The White House is now broadcasting its most spectacular soap opera, beating and overcoming those of sundry leaders from different continents and different times.

Donald Trump

Last Week in Slovakia: People marched for LGBTI rights in Bratislava Audio

Listen to all the headlines from The Slovak Spectator's news podcast.

Rainbow Pride in Bratislava

Government has no plans to officially commemorate the victims of the 1968 invasion of Czechoslovakia

Presidents of the Slovak and Czech Republics will take a train ride to mark the founding of the Czechoslovak State.

Law Faculty of Comenius University in Šafárikovo Square, where the civilian killings by foreign armies on August 21, 1968, were most concentrated.