Euro Adoption To Boost Foreign Trade

February 2009
Emerging Europe Monitor: Central Europe & Baltic States;Feb2009, Vol. 16 Issue 2, p9
Country Report
The article presents an economic outlook for Slovakia for 2009. Analysts from Business Monitor International (BMI) think that the country's adoption of the euro on January 1, 2009 will not result to significant problems or economic dislocations in the short term. Rather they believe that Slovakia will benefit from the reduction in exchange rate risks and transaction costs linked to entering the eurozone which will result to an increase in foreign trade and investment flows.


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