Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Foreign trade surplus on the rise

SLOVAKIA’s foreign trade recorded a surplus of €664.1 million in May, a decrease of €251.7 million in annual terms, the Slovak Statistics Office (ŠÚ) reported on July 9.

SLOVAKIA’s foreign trade recorded a surplus of €664.1 million in May, a decrease of €251.7 million in annual terms, the Slovak Statistics Office (ŠÚ) reported on July 9.

Overall exports from Slovakia reached €5.645 billion in what represents an annual rise of 3.6 percent. Imports dropped by 1.1 percent to €4.981 billion, the TASR newswire quoted from the report. When the first five months of the year are considered, foreign trade surplus amounted to €2.536 billion, a rise of €998.6 million on an annual basis. Exports swelled by 4.2 percent year-on-year to €26.468 billion, with imports rising just slightly, by 0.3 percent in annual terms, to €23.932 billion.

The ŠÚ also released detailed figures for foreign-trade developments in April, when a surplus of €576.6 million was recorded. Imports in the fourth month of the year rose by as much as 10.3 percent year-on-year to €5.628 billion, with imports increasing by 4.5 percent to €5.052 billion.

Over the first four months of the year, the biggest trade surpluses were with Germany (€1.321 billion), Austria (€926.9 million), Poland (€883.3 million) and the Czech Republic (€854.1 million). Conversely, the largest deficits were with South Korea (€1.778 billion), Russia (€1.033 billion), China (€753.9 million) and Japan (€216.2 million).

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Rules for hiring foreigners are simpler. For exceptions

Despite positive changes, employers still point to some barriers preventing more effective and simpler recruitment of foreign workers.

Some problems with Foreigners’ Police continue.

For a Decent Slovakia protests to resume on Friday

After a summer break, organisers of the protests that have drawn masses to Slovakia’s streets stated that their – and the citizens’ – demands are far from being met.

For A Decent Slovakia march on June 22, 2018, in Bratislava.

News isn’t negative because journalists are cynical

The problem is caused by the demand side.

What is it like to study at a foreign college? Students explain to high-schoolers

Some Slovak students who study abroad already have work offers.

Students during the workshop