Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Smooth euro switchover in all sectors

THE SWITCH to the European currency went smoothly, fluidly and without any problems in all sectors in Slovakia, especially in the flow of cash as well as cashless payments, reads the report about the adoption of the euro written by the Finance Ministry and the government's plenipotentiary for the euro adoption, Igor Barát. The government cabinet accepted the report on March 25, the SITA newswire reported.

THE SWITCH to the European currency went smoothly, fluidly and without any problems in all sectors in Slovakia, especially in the flow of cash as well as cashless payments, reads the report about the adoption of the euro written by the Finance Ministry and the government's plenipotentiary for the euro adoption, Igor Barát. The government cabinet accepted the report on March 25, the SITA newswire reported.

The report also says Slovakia successfully navigated the 16-day dual cash period when both Slovak crowns and euros were legal tender.

“Businesses as well as the banking sector managed this tough period without any systemic errors or serious problems, including the full operation of the cashless payments system and in cash financial flows in the time periods set by the National Plan,” SITA quoted from the report.

The report also notes that because of the tools used for protection of consumers there were no significant cases of misusing the currency switch to increase prices of products and services.

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.