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  3. The most frequently asked questions with regard to the introduction of the Euro - FAQ Entrepreneurs

The most frequently asked questions with regard to the introduction of the Euro - FAQ Entrepreneurs

Last update: 11.10.2007 06:00

1.2.1. What is the deadline for the Slovak wholesale entity, selling goods to Slovak shops, to state prices in both SKK and EUR in its invoices?

Because wholesalers do not sell directly to citizens and, consequently, will not be subject to the dual display, they will issue invoices in EUR starting from 1 January 2009. However, they can voluntarily issue invoices both in SKK and EUR as of the date of the setting of the conversion rate.

1.2.2. If a company issues various types of vouchers (e.g. meal vouchers, relaxation vouchers, vacation vouchers, etc.) how can it proceed in the period of the dual display as to stating the nominal value on the vouchers?  With regard to the fact that they are bearers of a certain nominal value, will it be enough to state it only in SKK, as in the case of bank notes and postal stationery, or will it be necessary to state their nominal value both in SKK and EUR?

The dual display of prices applies to these vouchers also, i.e. it must be in place within one month of the announcement of the conversion rate.  The due form of the dual display will be determined by the Ministry of the Economy in its decree, especially with regard to cases when it is not technically possible or if it is not appropriate to mark each voucher both in SKK and EUR.

1.2.3. Where can one find methodical instructions and issues related to the field of information systems connected with the conversion to the Euro?

Any information related to the information systems and statistical indicators can be found at www.finance.gov.sk in the part called Introduction of the Euro in the Slovak Republic, in materials of the Working Group for Informatics and Statistics, and also on (this) specialized website focused on the introduction of the Euro in the Slovak Republic.

1.2.4. Will it be necessary to replace computers and printers after the implementation of modifications in the information systems due to the introduction of the Euro?

Modifications in the information systems, related to the introduction of the Euro, should not make any increased demands on hardware.  It should not, therefore, be necessary to replace the hardware if its performance was sufficient for use of the original version of the information systems before their modification.  Printers are mostly able to print the Euro symbol and therefore there should not be a problem leading to the replacement of printers due to conversion to the Euro.

1.2.5. Will it be necessary, after the conversion to the Euro, to replace the cash register?

If the cash register software makes it possible to program the necessary changes in the cash register, then it will not be necessary to replace it.  The substantial  majority of cash registers in Slovakia are capable of that.  Details can be supplied by the supplier or the manufacturer of the cash register.  However, it is possible that some older cash registers will not be able to meet the dual display conditions and, consequently, they will have to be replaced.

1.2.6. Who will pay for costs related to the modifications of the information systems that have to be made due to the introduction of the Euro in the Slovak Republic?

Each user meets his own costs.  The state administration and the NBS, by means of six working committees for the introduction of the Euro, provide for methodical instructions, topics, and legislative frameworks necessary for the conversion to the Euro.