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

Messerschmidt created most of his character heads in Pressburg

Bratislava will name a square after the prominent artist

A replica of one head from the series Character Heads by F. X. Messerschmidt; ownership of the Slovak National Gallery

Christmas Bazaar returns to the Old Market hall

One of the events which presents diplomatic communities residing in Slovakia to the wider public is the already traditional Christmas Bazaar, which focuses on gastronomy and charity.

Christmas Bazaar 2016

Blog: The wanderer returns home

The places you visit, people you befriend, experiences that leave their mark, they all become a part of you.

Go east for real morality, Jean-Marc Barr says Photo

The French American actor/director, who plays in a Slovak co-production film, said during a recent visit to Bratislava that eastern Europe, and other eastern countries still have what America has already and what…

Jean-Marc Barr during IFF Bratislava 2017