 |
Related news articles
- Industrial production increases slightly, research shows
- Slovakian government approves tax breaks for investments
- Benteler to create new jobs in Slovakia
- ICU Medical to invest in Slovakia
- Slovakia ranked 46th for trading conditions
- Slovakia's "stable environment" important for VW
- Japanese importers visit Slovakia
- New director appointed at SPP
|
RECENT BLOG POSTS
- Countries that directly influence economics in Slovakia
- Mongolian shepherds learn to make cheese in Slovakia
- Two sides of the same Euro coin in Slovakia
- Does Euro really cause price-rise in Slovakia?
- Slovakia in the footprints of the UK: Criminal sentence for bringing up your child?
- How to survive in London and enjoy it
- Increasing food prices-whose fault is it?
- News: Slovakia + the Euro: A good match?
User login
Slovakia records trade surplus
New figures show Slovakia recorded a trade surplus of €372.4 million (£316.9 million) during April.
The statistics mark the third month in a row that the country has recorded a surplus.
Reuters reported that analysts were surprised by the results as a €41.3 million deficit was widely anticipated.
Juraj Valachy, Tatra Banka analyst, told the news provider: "This (surplus) is a big surprise. This is due to a drop of imports of investment goods, which have a significant weight in overall imports … a 25 per cent share."
"This will have a marked impact on the trade balance ... but this is not good for the future, because this means there are no investments being made," she added.
Further findings showed that exports in April reached €3.388 billion, which was down 24.3 per cent year-on-year.
Imports shrank fell by 35.9 percent to €3.015 billion in the same period.
Meanwhile, figures from Slovakia''s Statistics Office revealed that the inflation rate in Slovakia fell to 2.2 per cent in May from 2.3 per cent recorded in April.
