Slovakia narrows trade gap

Slovak exports rose higher than expected in March, significantly outpacing the rise in imports.

"It is mainly thanks to the automobile industry that exports have risen by half," said Československá obchodná banka analyst Marek Gábriš.

Since March 2002, exports have risen by 24 percent, compared to a rise in imports of less than 15 percent. The total trade deficit is half the size of a year ago, at Sk3.6 billion (€87 million).

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

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