Information systems in the adaptation process of the Euro currency in Slovakia

M. Kučera, M. Fiľa and Anna Látečková
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M. Kučera: Faculty of Economics and Management, Slovak University of Agriculture, Nitra, Slovak Republic
M. Fiľa: Faculty of Economics and Management, Slovak University of Agriculture, Nitra, Slovak Republic

Agricultural Economics, 2008, vol. 54, issue 8, 352-357

Abstract: On the 1st of January 2009, the Slovak Republic should implement the Euro currency and enter the European Monetary Union. The implementation of the Euro currency is in currently the most important theme in our country. Business companies will benefit most, but they will also bear most of the single-shot costs. Up to 80% of the costs are constituted by the adaptation of information systems (IS). At the end of the year 2007, only 14% of Slovak companies were prepared in the terms of the Euro adaptation in IS. This condition of the business sector is very important and also alarming. Accelerated preparations of the changes in IS are needful, but this project is highly complicated, primarily in big business organizations. The quality of the realized project and the continuous transmission of IS will be a critical point of the firm success on the Slovak and European markets.

Keywords: information systems; Euro; adaptation process; European monetary union (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlage:v:54:y:2008:i:8:id:301-agricecon

DOI: 10.17221/301-AGRICECON

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