Thursday, July 2, 2009

Strong euro harms Slovenia

According to the analysis of UN economic agencies Blumberg, Slovakia and Slovenia are in the najdubljoj recession of the collapse of communism, and strengthening the common European currency inhibitory sales traders and exporters, as the company "Gorenje", and at the same time postpone the financial recovery. Executive Director "Gorenje" Bobinc Francis said that the strong euro cost the company three million in the first half of 2009, said agency STA.
"The existence of a large number of countries within the European Union introduced the euro, which is not a problem," said Blumberg Bobinc in an interview, adding that it is very difficult, almost impossible, to remove 100 percent of exchange risks.
Trade house "Merkator", the largest Slovenian supermarket chain, lost this year in Serbia, 7.7 million, after a weak dinar reduced income in euros, said Blumberg.

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