Preparation is underway in Slovakia for the introduction of the Euro. Indeed, on January 1, 2009 Slovakia becomes the 16th country to join the European Union's common currency. New acts have been developed to help physical and legal persons prepare for Euro introduction sufficiently in advance. Peter Varga, lawyer at the PRK law firm in Bratislava, details the agenda for the introduction of the Euro and its consequences for employers. (Ref. 081025)
Agenda. The steps connected with euro introduction can be divided into the following key periods:
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Date
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Step
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July 8, 2008
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Official conversion rate for the Slovak crown is set. (EUR 1 = SKK 30.126)
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August 2008 –December 31, 2009
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All prices and monetary amounts must be set in both SKK and EUR.
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December 1, 2008
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“Euro starter packets” are sold and distributed in Slovakia to familiarize people with the new currency in advance (many employers, especially wo |
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