BUSINESS IN SHORT

Foreign trade increases in 2010

SLOVAKIA’s foreign trade balance continues to show a surplus. According to data released by the Statistics Office, Slovakia had a foreign trade surplus of over €67 million in February 2010, the SITA newswire reported.

SLOVAKIA’s foreign trade balance continues to show a surplus. According to data released by the Statistics Office, Slovakia had a foreign trade surplus of over €67 million in February 2010, the SITA newswire reported.

For the first two months of 2010 combined, exports exceeded imports by almost €169 million, representing a significant change compared to 2009, when a trade deficit of €263 million was recorded for the first two months.

Both exports and imports continued growing in February.

Exports increased year-on-year by 19 percent and reached €3.457 billion and imports grew by 17.5 percent to €3.390 billion.

For the first two months of 2010 total exports were more than €6.5 billion, a year-on-year increase of 16.6 percent, while combined total imports for January and February of this year were just under €6.4 billion, an increase of 8.5 percent year-on-year.


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