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

A huge scale model of Banská Štiavnica.

Weekend: Bratislava is all set for summer

Meet Ukrainian cinematographer Leonid Burlaka through a screen, explore Slovak science, or hop on historical trams.


22 h
Slovakia's former UN youth delegate Petra Pauerová.

The UN is only as good as we are, says Slovakia's former UN youth delegate

Petra Pauerová, a university student, talks about her experience as a UN youth delegate.


24. jun
Israeli artist Menachem Edelman-Landau who lives in Banská Štiavnica.

Life of Israeli artist changed forever after he painted a Slovak woman

Painter Menachem Edelman-Landau had to alter his travel plans after an unexpected event turned his life upside down.


20. jun
SkryťClose ad