Spectator on facebook

Spectator on facebook

IN SHORT BUSINESS

Trade deficit up to Sk2.1 billion in May

SLOVAKIA's trade balance for May had a deficit of Sk2.1 billion (€52.6 million), Sk4 billion (€100 million) worse compared to the same period last year, the state-run news agency TASR wrote.

Exports reached Sk79.8 billion (€2 billion) and imports were at Sk81.9 billion (€2.1 billion).

ING analyst Ján Tóth expects a moderate worsening of the balance until the end of this year.

"The deficit has been low for too long, given the inflow of technology imports from foreign direct investments," he said to TASR.

From January to May of 2004 the trade deficit stood at Sk4.2 billion (€105 million), an improvement of 61 percent year-on-year. Exports were Sk363.9 billion (€9.1 billion) and imports stood at Sk368.1 billion (€9.2 billion).

Top stories

They reported corruption at the Foreign Ministry. Now they receive an award

The tenth year of the White Crow award, celebrating young people and activists who break prejudices and go against the tide.

White Crow award laureates

Blog: Slovakia’s time to shine is now

People may be able to recognise Slovakia’s neighbouring countries through associations with food, drinks, beautiful cities or well-known political events. But Slovakia remains very much "hidden".

Bratislava Castle

The day that changed the Tatra mountains for good Photo

The windstorm damaged 12,000 hectares of woods on November 19, 2004.

Tatras after the 2004 calamity

Smer follows a downward trend but may escape oblivion

What does the defeat in regional elections mean for the future of Slovakia’s strongest party?

“How could it be a fiasco when a political party wins most councillors among all parties?” asks PM Robert Fico.