Czech business not happy with Slovak Euro adoption

Meanwhile businessmen in Slovakia celebrate, Czech exporters expect losses because of strong crown to Euro exchange rates. Slovaks can pay in Euro from the next year on. European commission and European central bank didn’t put Slovaks down and gave the green light for Euro adoption. But meanwhile traders are happy, ¾ of Slovaks do not like it very much.

Strengthening of Czech Crown makes troubles for Czech exporters already; Slovakia is the second country we export the most, just behind Germany. Especially automobile factories fear losses of profits. Skoda cars worth 1,8 bil. Czk were exported last year only. The relations manager of Skoda Auto says “every time czk strengthens of 1 czk to Euro, we lose one billion.