Spectator on facebook

Spectator on facebook

Slovakia's current account surplus hits €363 million in February

The surplus in Slovakia's current balance of payments account increased in February according to preliminary data released by the National Bank of Slovakia, which stated the surplus was €363.4 million. In annualised terms, February's surplus on the current account rose by nearly €75 million, the SITA newswire wrote.

The surplus in Slovakia's current balance of payments account increased in February according to preliminary data released by the National Bank of Slovakia, which stated the surplus was €363.4 million. In annualised terms, February's surplus on the current account rose by nearly €75 million, the SITA newswire wrote.

Slovakia’s foreign trade balance showed a surplus of €347.7 million in February and was nearly €84 million higher than in January and over €170 million higher than a year ago. The balance of services had a surplus of €38.6 million while the balance of current transfers showed a surplus of €75.7 million. The deficit in the balance of receipts reached €98.6 million, which was a reduction of €43 million.

The primary factors behind the month-on-month increase in the current account surplus was the trade balance and a change of deficit to a surplus in the balance of current transfers that was related to better drawing of EU funds, according to SITA.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

‘Government seems to control parliament, not vice versa’

Jana Dubovcová talks about her performance as ombudswoman, and the topics that remain for her successor.

Jana Dubovcová leaves the ombudswoman post after five years.

Marking Maria Theresa Photo

Exhibitions, conferences, coronation festivities and more.

Schloss Hof holds the Alliances and Enmities exhibition.

Hostages to fortune

Britain will trigger Article 50 to leave the EU on 29 March. She and her EU partners could, and should, guarantee the rights of their citizens living abroad. That they have not is a disgrace.

Theresa May announced Brexit will start on March 29.

Actor to politicians: You are playing a terrible theatre

One of the main characters in the movie Únos, about Slovak politicians and the mafia in the 90’s has a message for politicians.

Maroš Kramár