S&P sees Slovakia adopting euro in 2009


Slovakia is likely to adopt the euro in 2009 as planned but it must make sure its consolidation effort is sustained after the euro zone entry, Standard and Poor's credit analyst Kai Stukenbrock told Reuters on Monday.

Stukenbrock told the Reuters Central European Investment Summit that initial concerns the leftist government of Prime Minister Robert Fico would dismantle economic reforms from the previous centre-right administration had not materialized. "Currently we do not see that they will deviate from that," he told Reuters, referring to the 2009 euro adoption goal.

“Basically, our bottom line is that we expect them to get into the euro zone in 2009...They will make the numbers." Stukenbrock said the government appeared determined to get the fiscal deficit below the euro entry target of 3 percent of gross domestic product, as well as qualify on interest rate, inflation, debt and currency criteria. (The full text of the story)


SMEs Augur Higher Sales, Profit Next Year Analysis

SMEs Augur Higher Sales, Profit Next Year

Hungary, Poland Diverging in Views of Russia Int’l Relations

Hungary, Poland Diverging in Views of Russia

4iG Signs MoU With Telecom Egypt on Submarine Cable Deals

4iG Signs MoU With Telecom Egypt on Submarine Cable

Celebrating Music Music

Celebrating Music


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.