Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Current account deficit widens

Slovakia’s deficit in its current account balance widened in April in both month-on-month and year-on-year terms, according to the National Bank of Slovakia (NBS), which reported the current account recorded a deficit of €244.8 million in April compared to €84.5 million in March, the SITA newswire reported.

Slovakia’s deficit in its current account balance widened in April in both month-on-month and year-on-year terms, according to the National Bank of Slovakia (NBS), which reported the current account recorded a deficit of €244.8 million in April compared to €84.5 million in March, the SITA newswire reported.

The country’s central bank stated that the wider deficit in April was attributed primarily to a decline in the trade surplus and partly by an increase in the deficit for services while a lower deficit in the balance for receipts as well as for current transfers had a positive influence on the overall current account balance.

In April, the trade surplus fell to €12.2 million from its level of €235.1 million in March. The balance of receipts showed the biggest deficit in April at €111.3 million while the deficit in services was €71.7 million in April. The balance of current transfers recorded a deficit of €74 million.

According to the central bank, the country’s current account balance still had a surplus over the first three months of 2011. The first quarter 2011 surplus was over €420 million higher year-on-year and €154.8 million higher than the fourth quarter of last year.

Top stories

Slovak scientist in the US: Slovak science needs more than just money to thrive

It seems as if we do not want skilled scientists to return home, says Dominika Truban, who founded a platform connecting Slovak researchers abroad and at home.

Dominika Truban

The Education Ministry to restore the analytical institute

The institute that is part of the Value for Money initiative was merged with another body at the beginning of the year.

Education Minister Martina Lubyová

New web app shows property owned by politicians

The aim is to clearly show publicly accessible information about public officials that is scattered through various state websites and registers.

Zsolt Simon

Blog: Helping others helps your company too

Tatiana Čaplová, Program Coordinator for CSR at the Pontis Foundation, offers a very interesting look behind the scenes of the most successful CSR event in Slovakia - Naše Mesto (Our City).

Bratislava