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ECONOMIC BRIEFS

Largest trade deficit is with Russia

Total Slovak exports were 144.575 billion Sk in the first half of 1997, 12.9 percent more than a year ago. Imports were 177.328 billion Sk, which is a 12.6 percent annual increase.

Trade with Russia marked the largest deficit (22.9 billion Sk, or $658m), while Slovakia recorded deficits also in trading with OECD countries (8.934 billion Sk, or $257m) and EU countries (4.577 billion Sk, or $131m). In contrast, Slovakia ran a trade surplus with CEFTA countries (4.9 billion Sk, or $141m). Slovakia's largest trade partner still is the Czech Republic where 23.5 percent of Slovak exports are destined and 27.7 percent of imports originate.

Top stories

Austria launches random checks close to Slovakia’s borders

Refugees are using new smuggling routes, according to the Austrian minister.

Illustrative stock photo

Unemployment rate continues to decline

The still steeper fall in unemployment could be curbed by the type of jobseekers, analysts opine.

Carmakers have already complained about the lack of qualified labour.

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.