Slovakia’s current account swings to EUR 1mn surplus in January 2014
Slovakia’s current account swung into a surplus of EUR 1mn in January 2014 from a revised deficit of EUR 353mn in December thanks to a surplus on the trade balance and the balance of services, preliminary data from the central bank showed.
In annual terms, the current account surplus shrank by 98.5%. The December current account figure was revised up from an initially reported deficit of EUR 334mn.
The trade balance produced a surplus of EUR 324mn in January versus a revised deficit of EUR 51mn in December with imports rising faster than exports. On an annual basis, exports increased 8.3% in January, following a revised hike of 7.9% in December, whereas imports increased 9.9% compared to a revised 11.1% rise a month earlier.
| EUR mn | Jan-14 | Dec-13 | Jan-13 | 2013 | m/m | y/y |
| Trade balance | 324 | -51 | 372 | 4,284 | -735.3% | -12.9% |
| --exports | 5,229 | 4,673 | 4,835 | 64,361 | 11.9% | 8.1% |
| --imports | 4,904 | 4,724 | 4,460 | 60,077 | 3.8% | 10.0% |
| ----exports, y/y change, % | 8.3% | 7.9% | 8.8% | 3.6% | ||
| ----imports, y/y change, % | 9.9% | 11.1% | 6.1% | 2.5% | ||
| Balance of services | 16 | 7 | 2 | 148 | 128.6% | 700.0% |
| Income balance | -205 | -207 | -142 | -1,810 | -1.0% | 44.4% |
| Current transfers | -133 | -102 | -169 | -1,073 | 30.4% | -21.3% |
| CURRENT ACCOUNT BALANCE | 1 | -353 | 66 | 1,548 | -100.3% | -98.5% |
| Source: National Bank of Slovakia | ||||||
Related Articles
EU to fund feasibility study on Slovakia’s proposed Eastring gas link to Balkans
The EU has agreed to help fund a feasibility study on the Eastring pipeline project, which would link Slovakia to the Balkan markets, Slovak transmission system operator Eustream announced on May 26. ... more
RBI doubles net profit y/y in Q1 as Russian business recovers
Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more
Poland secures key permit for gas link with Slovakia
Polish state-owned gas grid operator Gaz-System has secured an environmental permit for the construction of a gas pipeline that will be part of a planned gas link with Slovakia, Gaz-System announced ... more
Selected articles from our premium news/views wire 
IntelliNews Pro
IntelliNews- Hungarian PM announces generous family support scheme in big election drive
- EU to fund feasibility study on Slovakia’s proposed Eastring gas link to Balkans
- Ankara bans all "protests" after dark, includes press events and group singing
- Croatia’s struggling Agrokor puts founder's yacht and helicopter up for sale
- IMF recommends fiscal consolidation for Romania
- More from IntelliNews Pro >>
Most Read This Week
- Azerbaijan's IBA angers creditors with debt restructuring plan
- Ukrainian prosecutors raid ex-PrivatBank execs and firms suspected of €9bn fraud
- New law to allow Romania’s “port oligarchs” to cash in
- COMMENT: Putin's main weakness is voters' passivity
- IBA's default expected to damage Azerbaijan's international reputation
Follow Us On
Tweets by @bizneweuropeRegister here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
To continue viewing our content you need to complete the registration process.
Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
If you have any questions please contact us at sales@intellinews.com
Subscribe to bne IntelliNews website and magazine
Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.Your subscription includes:
- Full access to the bne content daily news and features on the website
- Newsletters direct to your mailbox
- Print and digital subscription to the monthly bne magazine
- Digital subscription to the weekly bne newspaper
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
bne IntelliNews
$119 per year
All prices are in US dollars net of applicable taxes.
If you have any questions please contact us at sales@intellinews.com
Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.
Already a subscriber or registered - click here to recover access.
If you a IntelliNews Pro user - click here to login.
Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.
"No day starts for my team without IntelliNews Pro" — UBS
Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.