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Slovakia Q1 FOREX revenues from tourism at Sk11.818 bln

Preliminary data from the National Bank of Slovakia show that foreign exchange (FOREX) revenues of the Slovak Republic from tourism were Sk11.818 billion in the first quarter of this year, up 8.8 percent year-on-year.

Preliminary data from the National Bank of Slovakia show that foreign exchange (FOREX) revenues of the Slovak Republic from tourism were Sk11.818 billion in the first quarter of this year, up 8.8 percent year-on-year.

FOREX expenditures of Slovak citizens traveling abroad rose 17.3 percent year-on-year to nearly Sk9.274 billion in the monitored period, the TASR newswire wrote. The balance shows a surplus of Sk2.544 billion, down 14 percent year-on-year, announced the Economy Ministry's Tourism Section.

Individual tourism accounted for 95.2 percent of FOREX revenues, and the share of organised tourism was 4.3 percent. Non-bank exchange offices constituted 0.5 percent of total FOREX revenues from tourism. Concerning FOREX expenses, the portion of individual tourism was 83.5 percent; organised tourism contributed 12.2 percent to total expenses. The portion assigned to business-related visits was 4.3 percent of total FOREX expenses. SITA

Compiled by Zuzana Vilikovská from press reports
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