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BUSINESS IN SHORT

Businessmen praise euro

FOUR out of five businessmen in Slovakia believe that the move to the euro was a good step. This was the result of a survey of 130 businessmen by the Business Alliance of Slovakia, the head of the alliance, Róbert Kičina, announced. Slovakia marked 1000 days with the euro on September 28.

FOUR out of five businessmen in Slovakia believe that the move to the euro was a good step. This was the result of a survey of 130 businessmen by the Business Alliance of Slovakia, the head of the alliance, Róbert Kičina, announced. Slovakia marked 1000 days with the euro on September 28.

“Businessmen regard the process of transferring to the euro to have been smooth and effective,” said Kičina, adding that concerns that the changeover would be abused to increase prices excessively were not borne out, because inflation increased by 1.6 percent in 2009 and by only 1 percent in 2010.

Up to 81 percent of respondents considered the single currency positive since it brought greater currency stability, lower transaction expenses, and easier cross-border trade. Only 10 percent of respondents said that they disagreed with the euro as Slovakia’s currency, with most of them citing the current uncertain situation in the wider eurozone.


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