slovakias economy could benefit from euro entry
News Posted On: 07 January 2009
The Slovakian economy will benefit from its recent entry into the eurozone, it has been claimed.
Real estate analyst NuBricks.com stated that authorities in the eastern European country are hoping that the single currency will help stabilise the economy in the global economic crisis.
A steady economy might make the country more attractive to overseas property purchasers and adoption of the euro could help make transactions smoother.
Chintan Mahida, property analyst at NuBricks.com, commented: "Its economy is set to benefit from the multinational companies enjoying decreased currency volatility brought about by conducting business in euros."
The property portal added that Slovakia should remain a solid investment opportunity in 2009 because the economy is continuing to grow.
Slovakia officially adopted the euro on January 1st 2009, becoming the 16th member of the eurozone.
Written by Les Calvert
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