Trade figures better in August

The August trade deficit was Sk4.2 billion, only half that in the same month a year ago, and bringing the deficit after eight months in 2002 to Sk52.5 billion, nine per cent less than in the same period in 2001.

While Slovakia has been warned by international institutions to cut state spending and rein in its trade deficit after recording a record trade shortfall of Sk103 billion (over 10 per cent of GDP) last year, recent export improvements have boosted the Slovak crown.

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

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