Spectator on facebook

Spectator on facebook

Foreign trade deficit for 2004 nearly doubles year-on-year

SLOVAKIA'S trade balance for 2004 showed a deficit of Sk47 billion (€1.22 billion), which is up Sk22.6 billion on the year, the TASR news wire reported.

According to the foreign trade report for 2004 submitted by Economy Minister Pavol Rusko, and approved by the government on Wednesday, exports rose 11 percent over 2003 to Sk895.2 billion (€23.3 billion) while imports grew 13.8 percent to Sk942.2 billion (€24.52 billion).

Last year, 85.2 percent of exports were to the European Union while 73.6 percent of imports were from the EU.

The Economy Ministry expects foreign demand to rise in the next few years as a result of the acceleration of the world economy driven mainly by US growth, as well as China and India.

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

Enough of Smer, people chanted in streets Video

Government resignation is not enough, the crowd called for early elections. This is how it looked like in Bratislava on March 16.

Fico fell. These are good, not perfect, developments

Unlike Kaczyński’s case there are two other parties in the coalition with Smer who can still bring the government down at any time.

Blog: Slovakia needs its Macron

"For a Decent Slovakia", where next ? Reflections from a Brit living in Slovakia.

For Decent Slovakia, protest in Lučenec on March 9.

Media are the ultimate frontiers in defending freedom in society today

Miklós Haraszti’s keynote speech at the Budapest award ceremony of the European Press Prize, March 14, 2018.