Hi

The European Commission has forecasted that inflation in Slovakia will fall next year to 3.2% from this years’ 3.8%.

This puts the country in a very good position to adopting the euro. It is reported that Slovakia has now met all the Maastricht criteria for joining the euro.

The EU has forecasted that Slovakia will be the EU’s fastest growing economy, with gross domestic product set to expand this year at 7% and 6.2% in 2009.

The Commission will issue a final statement on May 7th of Slovakia’s position to join the Euro however this recent news is very positive for the country joining the euro in January.

Noreen