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.

Top stories

Proxy for Roma criticises minister Kaliňák for ethnical and group discrimination

The government proxy slammed Interior Minister Robert Kaliňák for the draft law on repressing criminality in Roma settlements, for populist discrimination and preferring repression to prevention.

Roma communities, illustrative stock photo

Slovak racer Svitko finished at Dakar Video

After a serious fall in the tenth leg, Slovak motorcyclist Štefan Svitko resigned from the 40th year of the Dakar Rally due to pain in his upper body.

Štefan Svitko

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

Brexit, illustrative stock photo