BRATISLAVA, July 21 (Reuters) - Here are news stories, press
reports and events to watch which may affect Slovak financial
markets on Monday.
EU SAYS SLOVAK EURO PLANNING ADVANCED, MORE NEEDED
Slovakia's preparations to adopt the euro at the start of
next year are quite advanced, but banks and businesses should
order more banknotes to be ready for the change, the European
Commission said on Friday.
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FOREX RESERVES RISE TO $20.2 BLN
The Slovak central bank's (NBS) foreign currency reserves
rose to $20.216 billion as of July 16, from $19.843 billion on
July 9, the bank said on Friday.
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PRESS DIGEST
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ENERGY TALKS
The economy ministry has asked the power firm Slovenske
Elektrarne (SE) and gas monopoly Slovensky Plynarensky Priemysel
(SPP) to supply around one third of their annual production to
households and small companies at lower prices than to other
clients.
Sme, page 6
CBANKER SEES NO MAJOR PRICE HIKE DANGER
Central Bank Vice-Governor Viliam Ostrozlik said he was not
worried that euro adoption would lead to speculative price
jumps, adding that dual pricing from August would help prevent
such hikes. Ostrozlik reiterated the bank expected euro adoption
to contribute by 0.1-0.3 percentage points to inflation.
Hospodarke Noviny, page 4
PRICE REGULATIONS
The finance ministry has drafted a law allowing price
regulation by the state in case of unjustified price hikes
during euro adoption. Retailers and lawyers oppose the new
draft.
Hospodarske Noviny, page 1
KOFOLA INVESTMENT
Czech non-alcoholic beverages producer Kofola said it
planned to invest some 250 million crowns ($13.05 million) in
Slovakia to build new storage capacities.
Hospodarske Noviny, page 13
SKYEUROPE TO CUT ROUTES
Slovak-based budget airline SkyEurope <SKYV.VI> said it
would cut routes from Bratislava, Kosice and Prague in autumn
due to high oil prices.
Pravda, page 12
INVESTMENT INCENTIVES
The state will provide combined investment incentives worth
540 million crowns to Austria's Leier baustoffe and Germany's
T-Systems Slovakia who will together invest more than 1.4
billion crowns in eastern Slovakia.
Hospodarske Noviny, page 13
Reuters has not verified the media reports, nor does it
vouch for their accuracy
News editor of the day: Peter Laca on +420 224 190 477; fax:
+420 224 229 935
E-mail: editorial@reuters.sk,
martin.santa@thomsonreuters.com
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