EEMEA market round-up: Slovenia to adopt the euro
Slovenia is set to become the first of the new EU member countries from central and eastern Europe to adopt the euro, after EU finance ministers cleared its entry. Slovenia will take up the currency on January 1 2007, bringing the number of eurozone countries to 13. An exchange rate of Tr239.64 to the euro has been set.
Estonia, Latvia, Lithuania and Slovakia are on course to adopt the euro in the next few years.