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NBS: Slovakia's foreign debt grew by $12.1 billion in 2007

Slovakia's total foreign debt reached $44.3 billion by the end of 2007, the country's central bank (NBS) said on March 25, the TASR newswire wrote.

Slovakia's total foreign debt reached $44.3 billion by the end of 2007, the country's central bank (NBS) said on March 25, the TASR newswire wrote.

Foreign debt grew by $200 million in December, with an increase in short-term foreign debt of $1 billion. For the whole of 2007, Slovakia's total gross debt rose by $12.1 billion, with long-term debt up by $4.1 billion and short-term debt increasing by $8 billion.

"The most significant growth was recorded in short-term passives of commercial banks, which grew by $6 billion," said the central bank. Total gross foreign debt per capita in Slovakia rose by $2,250 last year. The ratio of short-term foreign debt to gross foreign debt increased by 5 percentage points year-on-year. Net foreign debt, calculated as the difference between gross foreign debt of $44.3 billion and foreign actives of $37 billion, reached $3.7 billion by the end of December. TASR

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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