Spectator on facebook

Spectator on facebook

Incorrect statistics push down crown

DUE to wrongly assessed 2003 figures on Slovakia's foreign trade, the Slovak crown radically dropped from Sk40.70 to Sk40.91 against the euro.

Statistical data on Slovakia's foreign trade for the last four months of 2003 were incorrect. "The exports were most probably overrated by Sk14 billion (€343.94 million)," chairman of the Slovak Statistics Office Peter Mach told the daily SME.

However, the Statistics Office claims that the revision of Slovak exports for 2003 will not necessarily modify data on Slovakia's GDP growth for first nine months of last year. The extent of the revision should keep within 1.75 percent of the total amount of Slovak exports, the office said.

The original January-November data showed Slovakia's exports growing by 23.6 percent year-on-year to a total of Sk739.9 billion (€18.18 billion).

On January 29, the SME daily reported that last year's foreign trade results were probably boosted by incorrect statistics, citing an anonymous source that claimed that figures indicating the strong growth of exports were exaggerated.

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

Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár