Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Trade surplus continues in March

SLOVAKIA’S foreign trade surplus continued in the positive trend of previous months as the Statistics Office reported that exports exceeded imports by €389.9 million in March and that the surplus had increased by €48.7 million from February. The March 2012 trade surplus was more than €200 million higher than in March 2011, the SITA newswire reported.

SLOVAKIA’S foreign trade surplus continued in the positive trend of previous months as the Statistics Office reported that exports exceeded imports by €389.9 million in March and that the surplus had increased by €48.7 million from February. The March 2012 trade surplus was more than €200 million higher than in March 2011, the SITA newswire reported.

Slovakia accumulated a foreign trade surplus of €1.037 billion during the first three months of 2012, €430 million more than in the first quarter of 2011. First quarter exports totalled €14.442 billion, up 7.3 percent and imports increased by 4.3 percent to €13.405 billion.

Exports of Slovak goods and services in March reached €5.287 billion, an increase of 5.3 percent from the same month in 2011. Imports to Slovakia in March, at €4.897 billion, were 1.3 percent higher than in March 2011.

Slovakia has returned to a surplus position in its trade account after recording several monthly deficits during the global economic crisis. But during the past three years, Slovakia has had a foreign trade deficit in only four months and the country has recorded annual trade surpluses since 2009.

Last year Slovakia recorded its largest trade surplus ever when exports exceeded imports by over €2.4 billion, SITA wrote.

Top stories

They reported corruption at the Foreign Ministry. Now they receive an award

The tenth year of the White Crow award, celebrating young people and activists who break prejudices and go against the tide.

White Crow award laureates

Blog: Slovakia’s time to shine is now

People may be able to recognise Slovakia’s neighbouring countries through associations with food, drinks, beautiful cities or well-known political events. But Slovakia remains very much "hidden".

Bratislava Castle

The day that changed the Tatra mountains for good Photo

The windstorm damaged 12,000 hectares of woods on November 19, 2004.

Tatras after the 2004 calamity

Smer follows a downward trend but may escape oblivion

What does the defeat in regional elections mean for the future of Slovakia’s strongest party?

“How could it be a fiasco when a political party wins most councillors among all parties?” asks PM Robert Fico.