Slovakia's current account swung to a deficit of EUR 79mn in August from a surplus of EUR 98mn in July, preliminary data from the central bank showed. The July current account figure was revised from an initially reported surplus of EUR 94mn.
In August 2013, Slovakia reported a current account surplus of EUR 30mn.
The foreign trade surplus shrank to EUR 235mn in August from a revised EUR 415mn the month before. On an annual basis, exports dropped 2.4% in August, following a 3.2% increase in July, while imports fell 3.1% compared to a 2.7% decline a month earlier.
|----exports, y/y change, %||-2.4%||3.2%||-1.7%||3.3%|
|----imports, y/y change, %||-3.1%||-2.7%||-5.5%||2.3%|
|Balance of services||-12||20||67||148|
|CURRENT ACCOUNT BALANCE||-79||98||30||1,548|
|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