Slovakia is first large ex - communist country to join European single currency . Slovakia is 16th country to adopt euro after 11 EU members adopted it in 1999 . Businesses also said that amid global economic uncertainty the euro will also result in lower production costs , as weakening economic activity limits inflation . Slovakia hope euro adoption will end uncertainty after years with volatile currency .
Slovakia is first large ex - communist country to join European single currency . Slovakia is 16th country to adopt euro after 11 EU members adopted it in 1999 . Slovakia hope euro adoption will end uncertainty after years with volatile currency .