Foreign trade figures for September disappointing

SLOVAKIA’s foreign trade figures for September came as a bad surprise to analysts. The monthly foreign trade deficit stood at Sk9.5 billion while the markets had expected the figure to be no more than Sk2-3 billion.

Analysts believe that a steep increase in imports is behind the September figures.

However, despite the poor September data, the overall nine-month foreign trade deficit stood at Sk63.6 billion thanks to the revised August data.

Analysts expect improvement to come in the last quarter of the year.

“PSA Peugeot started mass production in May and plans to produce and export 60,000 vehicles this year,” ČSOB bank analyst Marek Gábriš told the Hospodárske noviny daily.

In addition to PSA, South Korean carmaker Kia should also launch serial production in its new plant near Žilina in December this year.

Get daily Slovak news directly to your inbox

Top stories

News digest: Penta partner Haščák reportedly charged with corruption after a police raid

Anti-communist fighters will receive pensions. Sunk tugboat being drawn out of the water.

Jaroslav Haščák

Car industry needs to jump on the latest trends

Economy minister promises extensive support for hydrogen technologies in Slovakia.

The Hydrogen Technology Research Centre (CVVT) is to be launched at the end of 2020 or beginning of 2021 in Košice to do R&D in this field.

Responsibility goes hand in hand with EU advantages, says President Čaputová

President Zuzana Čaputová spoke with Vice President of the European Commission for Values and Transparency, Věra Jourová.

President Zuzana Čaputová

Half of all parents lack time to help their children with distance learning

Some have a hard time motivating their children, others do not understand the curriculum.