February 11th, 2009
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Weak forint may boost Hungarian car exports to Slovakia

The strength of the euro against the forint and the Czech crown may help exports to the eurozone, particularly Slovakis, speculates Napi Gazdaság, based on a piece in Slovak daily SME. The original article says that vehicles purchased across the border in the Czech Republic are thousands of euros cheaper than the same vehicles in Slovakia. The same can be applied to Hungary, which has seen a similar exchange rate slump.

Among the examples cited, a Skoda Octavia 1.6 liter estate is available at a discount of €2,200 across the border in the Czech Republic. This is partly due to tumbling prices due to the recession and partly to the falling Czech crown.

The base price of a Citroën Grand C4 Picasso before VAT and registration tax is bought in Hungary is now €5,000 cheaper than in Slovakia, SME adds.

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