Slovakia’s current account surplus widens to EUR 437mn in May 2013

By bne IntelliNews August 1, 2013

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.

EUR mn May-13 Apr-13 2012
Trade balance 664 577 3,609
--exports 5,645 5,628 62,833
--imports 4,981 5,051 59,224
----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
Income balance -130 -148 -1,653
Current transfers -128 -59 -648
CURRENT ACCOUNT BALANCE 437 372 1,614
Source: National Bank of Slovakia    

Related Articles

CEFC and Penta reported to be bidding together for CME

CEFC, the acquisitive Chinese energy group, and Penta Investments, the closely-held Slovak financial group, are bidding together for Time Warner’s stake in Central European Media Enterprises (CME), ... more

Slovak and Czech oligarchs reportedly interested in buying CME from Time Warner

A group of Slovak and Czech oligarchs are reportedly interested in buying regional media and entertainment company Central European Media Enterprises, the Slovak Spectator reported on November 8. ... more

EU calls for tax haven blacklist in Paradise Papers fallout

The finance ministers of the European Union member states have called for the creation of a blacklist of tax havens to crack down on tax dodging, the ministers said at a meeting in Brussels on ... more

Dismiss