Spectator on facebook

Spectator on facebook

Foreign trade boosts Slovak economy

Foreign trade was the basis of Slovakia’s record economic growth, which reached 8.3 percent in real prices last year, the Economy Ministry wrote in a report about the development of foreign trade in 2006.

Last year’s exports grew 23.9 percent year-on-year to Sk1.4 billion. Foreign trade posted a deficit of Sk71.9 billion and a deficit in trade with goods of Sk91.6 billion. The surplus in trade with services was Sk19.7 billion.

The growth in exports was stimulated mainly by launched production in new car assembly plants and the electrotechnical and mechanical engineering industries, as well as the accelerated recovery of Europe's economy.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

12 places where you can see the works of one of the best medieval wood carvers Photo

The works of the renowned Master Paul are not limited just to Levoča.

St Geirge Curch in Spišská Sobota

Heatwaves to continue in Slovakia over the following days

More than 40 people collapsed due to hot weather on Thursday.

Jourová: Fico not fully informed on all EC’s activities on double standards

European Commission President Jean-Claude Juncker will meet with Fico to discuss double quality standards of foods on July 27 in Brussels.

European Commissioner for Justice, Consumers and Gender Equality Věra Jourová

Foreigners: Events in Bratislava Video

Tips for performances and other events in the capital between July 21 and July 30, including concerts, parties, festivals, classical music, inline skating, exhibitions and more.