Spectator on facebook

Spectator on facebook

Sk18.9 bn earned from tourism Jan-May 07

For the first five months of 2007, Slovakia brought in Sk18.9 billion from foreign tourism, an increase of 11.1 percent year-on-year, the Economy Ministry reported on August 1 based on preliminary data provided by the National Bank of Slovakia (NBS).

Meanwhile, the foreign currency expenditures of Slovaks increased by 21.4 percent to reach Sk13.72 billion. In this January-May period, the share of individual tourism in foreign currency incomes represented 95.3 percent, while organized tourism represented 4.2 percent, and non-banking exchange offices 0.5 percent.

As much as 82.1 percent of the overall volume of foreign currency expenses were created by individual tourism, followed by organized tours on 12 percent, and working trips abroad 5.9 percent. The surplus – more coming in than going out – of foreign tourism revenues was Sk5.17 billion.

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

Robert Fico has lost the electoral magic he once had Plus

But his party can still bounce back if they do the things that make parties resilient.

Robert Fico claims that Smer won the regional elections because it is the party with the most chairs in regional councils.

How propaganda has learned to use the truth

The Czech Centre for Investigative Journalism analysed the information war in the Visegrad Group countries.

Migration crisis was one of causes for the rise in conspiracies and fake or hybrid news; illustrative stock photo

New legislation protects creditors from unfair mergers

Fraudulent mergers were a legal business model enabling unfair businesses to get rid of debts

Tightening conditions when merging companies will increase the red tape of lawful mergers and prolong this procedure.

PSA will produce electric motors in Trnava

The French carmaker re-evaluated original plans and announced it will produce electric motors in its Slovak plant.

PSA Peugeot Citroën plant in Trnava