Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Euro had little inflationary effect

THE CHANGEOVER to the euro had only minimal impact on inflation in Slovakia. According to calculations of the Finance Ministry’s Financial Policy Institute (IFP), the changeover added to inflation only by 0.18 percentage points, which conforms to previous analyses by Slovakia’s central bank.

THE CHANGEOVER to the euro had only minimal impact on inflation in Slovakia. According to calculations of the Finance Ministry’s Financial Policy Institute (IFP), the changeover added to inflation only by 0.18 percentage points, which conforms to previous analyses by Slovakia’s central bank.

The National Bank of Slovakia (NBS) calculated the impact of the euro changeover on inflation as being between 0.12 and 0.19 percent, the SITA newswire reported.

The IFP said there were several attenuating factors during the period of Slovakia’s entry to the eurozone which eased the impact of the changeover to a great extent.

“These impacts cannot be unambiguously defined, but their existence is proven mainly by the fact that the changes of prices have been monitored in a completely non-standard time full of uncertainty in the economic environment,” SITA quoted the IFP study as saying. “It is not possible to clearly say which part of price changes clearly represented the effect of rounding up or which part of price changes was caused by the economic crisis.”


Top stories

Populists are more creative than liberals

The essence of creativity and good governance is about finding a coherent story. When every city gets smart, being a stupid city will be an advantage, says a strategic management expert.

Maciej Kisilowski

Skier Vlhová missed the medal by 0.65 seconds Photo

She competed in the Alpine Combined Slalom for the first time.

Petra Vlhová

Two anniversaries, one enduring relationship

Countless Slovaks and Americans continue to cultivate and renew the strong bonds of friendship between the US and Slovakia through cooperation in the business, technological, cultural, and educational spheres.

US Embassy in Bratislava

Keep your passport at hand on your trip to Austria

There are no internal border controls on the Austrian-Slovak border. Yet, the Austrian police check cars and buses heading to Slovakia.

Slovak police checking cars at the border crossing in Berg, Austria.