Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Slovakia's first trade surplus in three years

SLOVAKIA reported a preliminary trade surplus of Sk3.982 billion (€117 million) in January of this year - its first monthly trade surplus in nearly three years, the Slovak Statistics Bureau reported on March 14.

The last surplus before that came in February 2004, when Slovakia achieved a positive trade balance of Sk915 million (Ř 26.9 million).

January's trade balance was more than Sk12 billion (€353 million) higher than in January 2006. Exports in January 2007 rose 36.5 percent year-on-year to Sk110.959 billion (€3.3 billion) and the volume of imports reached Sk106.9 billion), up 19.6 percent year-on-year.

Last year, Slovakia's exports rose 24.6 percent year-on-year to a record Sk1,239 billion (€36.4 billion). Topping the list in 2006 were exports of machinery and electronic equipment, which grew by 37.7 percent to Sk350.8 billion (€10.3 billion). Vehicle exports grew at a similar pace, up 34.9 percent year-on-year to Sk262.5 billion (€7.7 billion).

Machinery and electronic equipment dominated aggregate imports in 2006, jumping by 24.3 percent year-on-year to Sk1,331 billion (€39.2 billion). Last year's trade balance was negative at Sk91.6 billion (€2.7 billion). It was Sk15.3 billion (€450 million) higher than in 2005.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).