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For a country with an open and export-oriented economy located in the center of Europe, the single currency represents the “logical future”, the 62-year-old said on Monday. Former Chief of the General Staff Pavel has been at the helm of the EU and NATO member state with approximately 10.8 million inhabitants since March 2023.
The Czech Republic has its own currency, the krona. When Prague joined the EU almost 20 years ago, the country promised to adopt the euro, but no timetable was set. The liberal-conservative government led by Prime Minister Petr Fiala has not yet managed to agree on a target date for joining the euro.
Thanks to a change in the law that came into effect around the turn of the year, companies that generate the majority of their turnover in euros can keep their accounts in this currency. According to the Chamber of Commerce, many large companies already invoice each other in euros.
(SDA)
Source: Blick
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
