Spectator on facebook

Spectator on facebook

Slovakia’s current account balance at a surplus in May

SLOVAKIA’S current account balance of payments showed surplus again in May. According to the preliminary data of the National Bank of Slovakia (NBS) the balance was €149 million in the black, compared to the revised April surplus of €57 million. During the first five months of the year, the cumulative current account balance of payments reached €699 million, the SITA newswire reported on July 29.

SLOVAKIA’S current account balance of payments showed surplus again in May. According to the preliminary data of the National Bank of Slovakia (NBS) the balance was €149 million in the black, compared to the revised April surplus of €57 million. During the first five months of the year, the cumulative current account balance of payments reached €699 million, the SITA newswire reported on July 29.

The driving force of the current account surplus was again the trade balance. In May, it was positive at €467 million, up by nearly €160 million compared to April. The trade balance surplus thus increased despite the ongoing year-on-year drop in exports. Imports slightly declined, too. The exports dropped by 2.7 percent y/y to €5.512 billion in May, while imports dropped by 0.1 percent y/y to €5.047 billion, NBS data showed.

Regarding the remaining components of the current account, only balance of services was positive at just €15 million, which is by €19 million more than last year. The deficit of receipts moderately shrank from €210 million in April to €199 million in May. On the other hand, the balance of current transfers posted a worse result by €98 million and was negative at €134 million, as reported by SITA

Source: SITA

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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

Spectacular Slovakia #3: Unexpected hiking (Enjoy Bratislava's greenery) Audio

In Slovakia, you can hike in the capital city. Listen to the latest episode of our travel podcast to find out more.

The Financial Administration’s head resigns from post

František Imrecze says his decision was spontaneous.

František Imrecze

People will gather to support imprisoned Ukrainian filmmaker

The open letter in support of Sentsov has been signed by more than 2,800 people.

People hold posters to support Ukrainian filmmaker Oleg Sentsov, who is currently on hunger strike in a Russian jail to demand the release of the other Ukrainian hostages taken by the Kremlin, in front of the Embassy of the Russian Federation in Kiev on August 21, 2018.

Institutions can be quickly destroyed, but they are hard to build

Head of the To Dá Rozum intiative, Renáta Hall, talks about the impacts of a dispute between the academy of sciences and the Education Ministry.

Renáta Hall