Slovakia’s current account surplus widened to a record high of EUR 437mn in May 2013 from a revised EUR 372mn in April, mainly on the back of higher trade surplus, preliminary data from the central bank showed. The April current account figure was revised from an originally reported surplus of EUR 378mn.
The trade surplus rose to an all-time high of EUR 664mn in May from EUR 577mn in April. Exports increased by 3.6% y/y in May, slowing from a 10.3% annual growth in April, which was their fastest growth in five months. Imports fell 1.1% y/y in May after a 4.5% y/y rise in the previous month.
|----exports, y/y change, %||3.6%||10.3%||10.7%|
|----imports, y/y change, %||-1.1%||4.5%||6.2%|
|Balance of services||31||2||306|
|CURRENT ACCOUNT BALANCE||437||372||1,614|
|Source: National Bank of Slovakia|
Slovakia’s government crisis was definitively brought to an end on September 11 when the governing coalition’s three party leaders inked an amendment to their deal to rule together. The crisis ... more
Slovakia's Constitutional Court will next week hear an appeal against a January verdict that cleared the current favourite to become the next Czech PM, Slovak-born entrepreneur-turned-politician ... more
Slovakia is worried it could be caught up in a looming Christmas butter shortage crisis, The Slovak Spectator reported on September 5. A 125-gramme pack of butter in Slovakia cost €1.01 on ... more