Slovakia and the euro

Slovakia at a glance

Surface area: 49 030 km²
Population: 5 393 637 (Eurostat 2007)
Joined the European Union: 1 May 2004
Currency: Slovak koruna (SKK)

Euro information

Status: Slovakia is not yet a member of the euro area. The Slovak koruna joined the Exchange Rate Mechanism (ERM II) on 28 November 2005, and observes a central rate of 35.4424 to the euro with standard fluctuation margins of ±15%.

Exchange rate: The current euro to Slovak koruna foreign exchange reference rate can be consulted on the website of the European Central Bank (updated daily).

Adoption of the euro: Slovakia hopes to adopt the euro on 1 January 2009.

Documents and publications

Practical preparations

• National Euro Changeover Plan for the Slovak Republic – Update (March 2007, also in English) 
• National Changeover Plan, part I and part II (July 2005, also in English) 
• Other documents (National Bank of Slovakia)

EU official documents

• Fifth report on the practical preparations for the future enlargement of the euro area. COM(2007) 434 final
• 2006 Convergence Report. COM(2006) 762 final, also published as European Economy, No. 1/2006 
• Change in the central rate of the Slovak koruna in the Exchange Rate Mechanism II (ERM II) (16 March 2007) 
• Slovak koruna included in the Exchange Rate Mechanism (ERM II) (25 November 2005) 

Publications

• The effects of euro adoption on the Slovak economy 
• An assessment of the potencial effects of the euro changeover on Slovakia’s business sector 

Opinion polls and surveys

• Flash Eurobarometer 207 (May 2007)
• Flash Eurobarometer 191 (November 2006)
  

Downloads

• National sides of Slovak euro coins

Websites

Euro portals

• Zavedenie eura v SR (national website on the introduction of the euro)

Institutions

• Národná banka Slovenska (National Bank of Slovakia, also in English)
• Ministerstvo finacií Slovenskej republiky (Ministry of Finance of the Slovak Republic, also in English)
• Úrad vlády Slovenskej republiky (Slovak Republic Government Office, also in English)
• Mincovna Kremnica (Slovak mint, also in English and German)

Business

• Euro section on Slovenská sporitelna website
• Slovenská obchodná a priemyselná komora (Slovak Chamber of Commerce and Industry, also in English)
• Euro Info Centres in Slovakia

Consumers

• Združenie slovenských spotrebitelov, ZSS (Association of Slovak Consumers)