Slovakia
Slovakia adopted the Euro currency on 1 January 2009 as the 16th member of the Eurozone. The euro in Slovakia was approved by the European commission on 7 May 2008. The Slovak koruna was revalued on 28 May 2008 to 30.126 for 1 euro, which was also the exchange rate for the euro.
Slovakia is an attractive country for foreign investors mainly because of its low wages, low tax rates and well educated labour force. In recent years, Slovakia has been pursuing a policy of encouraging foreign investment. FDI inflow grew more than 600% from 2000 and cumulatively reached an all-time high of $17.3 billion in 2006, or around $22,000 per capita by the end of 2008.
Kotleba – People's Party Our Slovakia
In terms of the economy, the party wants to also nationalize all strategic industries such as power stations, steel manufacturing or public transport. The party wants to create energy self-sufficiency and food self-sufficiency to make the country less dependent on imports by rebuilding the agricultural industry. The party wants to get rid of bureaucracy in business to increase growth of domestic companies and it rejects the TTIP agreement. In addition the party wants to exit the European Monetary Union and re-establish the previous currency (Slovak koruna) to give the state and the central bank authority to decide on the monetary policy. Moreover, the party also wants to protect the environment from pollution and exploitation by implementing laws and regulation and support alternative energy.