ECONOMIC BRIEFS

Balance of payments registers surplus of 3.7 billion Sk in Feb.

While Slovakia's balance of payments ended January with a shortfall of 894 million Slovak crowns, it closed February with a surplus of 3.667 billion crowns, the National Bank of Slovakia reported on June 9.

However, negative developments were again seen with the current account of the balance of payments, where the deficit deepened by 4.47 billion crowns to 5.522 billion crowns. As in previous months, the current account deficit deepened as a result of the trade balance deficit, which was 7.031 billion crowns at the end of February.

A shortfall on the capital and financial account of 666 million crowns in January turned into a surplus of 7.949 billion crowns in February. The surplus included 2.6 billion crowns in direct foreign investments, while January saw an outflow of 698 million crowns. Portfolio investments saw an increase by 11.241 billion crowns, while the balance of other investments (mostly short and medium-term loans) ended February with a shortfall of 6.062 billion crowns.

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