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    Good-bye koruna, welcome euro: Slovaks celebrate the first year in Eurozone  

    Slovak Republic is the closest to the Baltic States country, which entered into the EU common currency union a year ago. It was a lucky move for Slovak state to make for the euro-zone on the eve of the crisis. However, expensive euro made some country’s goods and services comparatively expensive. The Baltic States probably can learn something from the former „socialist neighbour“.
    Slovaks celebrate first year in the eurozone on 8 January with a gala event entitled „Good-bye koruna, welcome euro“.
    Euro, actually served as a kind of „shield“ for the country; most experts regard it that the eurozone membership spared the country the worst effects of last year’s economic crisis. Getting into the euro just before the global economic crisis, which hit the region saved Slovakia from the wild currency swings that affected most of eastern and central European states. Some argue, that it was less certain whether being in the common currency did much to help the economy in 2009 (Cienski J., in Financial Times, January 8, 2010).

    Full text at the website of The Baltic Course Good-bye koruna, welcome euro: Slovaks celebrate the first year in Eurozone


    Articles »  Good-bye koruna, welcome euro: Slovaks celebrate the first year in Eurozone »  Views: 7733   Diplomatic Club



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    Diplomatic Economic Club
    unites members from 37 countries of the world.
    Diplomatic Economic Club – is a unique association where people from different countries are to find a common language and contribute to the development of contacts between businessmen of the countries they represent.
    1997 — the beginning of the formation of the idea of creating a club, the establishment of internal interactions in the club on the basis of international exhibitions in Riga, periodic meetings.

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    She phrase „Economic Diplomacy“ assumes the diplomatic official activities that are focused on increasing exports, attracting foreign investment and participating in work of the international economic organisations