Slovakia to join the euro

Business Materials 7 May 2008 15:11 (UTC +04:00)

The European Central Bank (ECB) on Wednesday said Slovakia had met the necessary conditions needed to adopt the common European currency, the euro, from January 1, 2009, reported dpa.

Slovakia will be the 16th country to use the euro and the second former communist state to join the currency bloc after Slovenia.

Both Slovakia and Slovenia were part of the wave of largely Central European states that joined the European Union in May 2004.

The ECB's recommendation was expected to be endorsed later on Wednesday by the European Commission.