No date for euro adoption to be set this year

In more business news, the Czech Republic will not decide upon a date for introducing the common European currency until next year, the national coordinator for euro adoption, Oldřich Dědek, has said. Last week, the governor of the Czech National Bank Zdeněk Tůma also indicated that the debate on euro adoption should be postponed until next year. Exporters such as Škoda Auto have been urging the government to lay out a roadmap towards euro adoption as quickly as possible. On Tuesday, Oldřich Dědek said he first wanted to see how the euro weathered the current global financial crisis. It looks increasingly unlikely that Czechs will adopt the single European currency before 2012 at the earliest.