BUSINESS SHORTS

Foreign trade figures for September

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 results from September, 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 at its new plant near Žilina in December this year.

Get daily Slovak news directly to your inbox

Top stories

Illustrative stock photo

More aggressive COVID strain probably dominant in Slovakia. It is not necessarily bad news

Virologists report they have found that the B.1.1.7 strain, first detected in the UK, is dominant in the samples from Trenčín.

18 h
Illustrative stock photo

News digest: Slovakia will receive more than 4 million vaccines

Schools will continue with distance education. Curfew will be applied on January 25 and 26 too.

17 h
Gabriel Šípoš

I receive more hate mail than I used to, says outgoing transparency watchdog director

Gabriel Šípoš leaves Transparency International Slovakia after 11 years. Slovakia has gone a long way in transparency, he says.

20 h