Koruna: Potential For Upside

June 2005
Emerging Europe Monitor: Central Europe & Baltic States;Jun2005, Vol. 12 Issue 6, p9
Country Report
Country Report
The article analyses the potential of rise in the value of Slovakian currency Koruna. Slovakia's macroeconomic fundamentals certainly suggest that the currency has potential for further appreciation over 2005. High levels of foreign direct investment, attracted by the country's business-friendly 19% flat-tax regime, should also prove supportive of the koruna. The expansion of automotive exports, likely to occur once production begins at the two car plants, should more than offset these short-term imbalances.


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