Last update: 15 January 2009
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Economic forecasts for Slovakia
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.
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Monitoring the budgetary situation in Slovakia
Assessments of Slovakia’s convergence 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 mid-2004. 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. All programmes of Slovakia, the related Commission assessments and Council opinions, as well as the working documents containing expanded assessments prepared by DG ECFIN, can be accessed here.
Public finance report
The Commission’s annual public finance report prepared by DG ECFIN – entitled "Public Finances in EMU" – includes a chapter on Slovakia.
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Slovakia and the euro
Slovakia adopted the euro as its currency on 1 January 2009. See more information on Slovakia and the euro.
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Slovakia and economic policy coordination in the EU
As part of the Lisbon Strategy for growth and jobs, Slovakia presented its 3-year national reform programme (NRP) in 2005 and reports each autumn on its implementation. The Commission analyses all Member States’ reports in its Annual Progress Report (APR) and proposes, as appropriate, country-specific recommendations. All available reports can be accessed here (NB this Europa subsite is not maintained under the responsibility of the Directorate-General for Economic and Financial Affairs).
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Selected topics
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)
On 7 May 2008, the Commission adopted a Communication on "EMU@10: successes and challenges after 10 years of Economic and Monetary Union" (it was on 1 May 1998 that European Union leaders decided to launch the euro on 1 January 1999). The Communication, which takes stock of what has been achieved over the past ten years and makes proposals on the way forward, builds on an in-depth study by DG ECFIN. Both documents can be found on DG ECFIN’s EMU@10 website
The enlargement study entitled "Enlargement, two years after - an economic success" produced by the Bureau of European Policy Advisers and DG ECFIN reviews the experience of the May 2004 enlargement of the EU and draws lessons for future enlargement. The study focuses on the economic aspects of enlargement and assesses whether the expectations of a positive economic impact prevaling in the run-up to the enlargement have been fulfilled.
