This country page is a centralised resource for the analytical work on the economy of Slovakia performed by DG ECFIN. It provides links to the most important pages and documents, such as the European Commission's regular economic forecasts and the country’s compliance with the Stability and Growth Pact.
The Commission publishes macroeconomic forecasts for the EU and the Member States twice a year, in the spring (May) and in the autumn (November). These forecasts are produced by the Directorate-General for Economic and Financial Affairs (DG ECFIN) and include a chapter on Slovakia.
DG ECFIN also produces more limited "interim forecasts" in February and September, which contain one-year projections of GDP growth and consumer price inflation for the euro area, the EU and seven large Member States.
>> Macroeconomic forecasts and interim forecasts
2.1. Assessments of Slovakia’s stability programme
As required by the Stability and Growth Pact, at the end of each year Slovakia submits an update of the medium-term fiscal strategy it first presented in January 2007. Euro area Member states submit stability programmes while countries outside the euro area submit convergence programmes. Based on an assessment by the Commission prepared by DG ECFIN, the Council adopts an opinion on each programme.
2.2. The EU Excessive deficit procedure and Slovakia
Currently, Slovakia is subject to an excessive deficit procedure.
2.3. The Public finance report and Slovakia
The Commission’s annual public finance report prepared by DG ECFIN – entitled " Public Finances in EMU" – includes comments on Slovakia.
Slovakia and the euro
Slovakia adopted the euro as its currency on 1 January 2009
As part of the Europe 2020 strategy for a smart, sustainable and inclusive EU economy, Slovakia reports each spring on the implementation of its national reform programme (NRP).
5.1. The EU and Slovakia
>> EMU@10 website
>> Enlargement, two years after - an economic success (Occasional Papers 5/2006)
5.2. Country focus on Slovakia
The Country Focus series produced by DG ECFIN provides a concise analysis, set within the broader economic and policy debate, of a topical economic issue concerning one or more Member State(s). Country Focus issues on Slovakia are listed below, the most recent first.
>> Exchange rate pass-through to inflation in Slovakia (September 2008)
>> Long-term growth remains a challenge for Slovakia despite the current boom (July 2007)
>> Energy prices in Slovakia – still a risk factor (December 2006)
>> Healthcare reform – unpopular even in Slovakia (February 2006)
>> Will Slovak convergence be steep and stable? (June 2005)