Information Reports

Bratislava Launches First Mobil Parking System in Slovakia

It is now possible to pay charges for parking in the centre of Bratislava via mobile-phone text messages. The new system provides an alternative to the cards, which will remain valid. Both systems charge Sk10 (€0.33) per hour on weekdays between 8 a.m.-4 p.m.

Economic Sentiment Indicator Keeps Declining

The economic sentiment indicator in Slovakia keeps worsening and declined 0,6 p.p. to 96,9 percentage points in June 2008 compared with May, reads the latest report published by Statistical Office of the Slovak Republic. The economic sentiment indicator dropped year-on-year 11,4, and 4,1 percentage points in relation to the long-term average.

Employee Wage in Slovakia Rose Most Quickly in Public Administration and Defence

In the 1st quarter of 2008, the average monthly nominal wage of employee in Slovakian economy rose year-on-year by 10,4% and reached SKK 20443. After taking into consideration development of consumer prices, the real wage rise is 6,2%.

Slovakia has Europe's Fastest-Growing Economy

The growth of Slovakia's economy preserved its fast dynamics at the level of 8.7 percent in 1Q08, albeit a slowdown from the record-breaking 14.3 percent posted in 4Q07.

Economic Sentiment Indicator in Slovakia Declined

In May 2008, compared to April, the economic sentiment indicator in Slovakia declined 1,6 p. p. to 97,5 percentage points, as a result of negative development of industrial confidence indicator, services confidence indicator and consumer confidence indicator.

Slovakia Revalues Currency Ahead of Euro Adoption

The European Central Bank has revalued the Slovakian crown against the euro by 17.6472 percent, setting a new central exchange rate in its trading band ahead of planned euro adoption at 30.12. The standard fluctuation band of plus or minus 15 percent continues to be observed around the central rate.

Slovak Central Bank Keeps Interest Rates Unchanged Again

The Bank Board of the National Bank of Slovakia decided to keep all key interest rates unchanged.
Two-week repo tender limit rate was kept at 4.25 %.

Unemployment Rate in Slovakia Fell to 7.59 Percent in March

According to the Labour Office report, Slovakia's unemployment rate in March 2008 fell by 0.25 percentage points month-on-month to 7.59 percent. The number of people seeking work was down to 229,579.

Slovakia Met Public Deficit Criterion to Join Eurozone

According to the last report of EU Statistics Office Eurostat, Slovakia is on the right way to join the eurozone in January 2009, as it met the Maastricht public-deficit criterion in 2007.

Slovakia Meeting Inflation Criterion to Join Eurozone

Slovakia passed the nominal inflation test for joining the euro zone. According to the EU Statistics Office Eurostat, the average level of Slovakia's EU-harmonised inflation rate for the March 2007-March 2008 period stood at 2.2 percentage points, what is more then one point below the permitted level of 3.2 percent.
The European Commission will say on May 7 whether Slovakia, which joined the European Union in 2004, can adopt the euro in 2009.
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