Slovakia was ranked among the ten cheapest countries in the European Union last year, as the prices of goods and services in the country were some 30 percent lower than the EU average, an analysis by Poštová Banka based on Eurostat figures has revealed.
“The prices of foodstuffs and alcohol-free beverages, on which people spend a considerable part of their family budgets, were 12 percent lower than [average] European prices,” said the bank's analyst Jana Glasová. Slovakia didn't do so well when compared to neighbouring states, however. “The prices of foodstuffs and alcohol-free beverages in Poland were 30 percent lower than in Slovakia. They were 9 percent lower in Hungary and 5 percent lower in the Czech Republic,” said Glasová. Poland was found to be the cheapest country in the entire EU.
