On 1 January, Slovakia became the sixteenth country to adopt the euro as a replacement of its national currency, the Slovak koruna. "The changeover to the euro in the banking system has been a success. Everything has gone to plan," said the President of the Slovak Banking Association, Regina Ovesny-Straka. By 3 January, all banks had finished converting their electronic systems.

The European Commission confirmed that the transition had gone without a hitch. At the end of the day, on 3 January, some 27% of payments in shops were made in euro, now used by almost 329 million Europeans, including some 5.4 million Slovaks. Until 16 January, the two currencies co-exist.

The Slovak Trade Inspection is attentively ensuring the respect for prices in...

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