|Slovakias gross external debt rose by 4.5% m/m to USD 76.69bn as of end-April 2011, central bank preliminary data showed. The increase reflected mainly the activity of the government sector and the monetary authorities. The foreign debt of the government reached USD 18.2bn, up by 9.3% m/m on account of USD 1.5bn increase of long term bonds purchased by foreign investors. The foreign liabilities of the central bank, which made up 28.4% of the total external debt, went up by USD 1.44bn to USD 21.8bn as a result of received USD 435.4mn short-term loans and almost USD 1bn short term currency and deposits. At the same time banks held less foreign currencies and deposits which resulted in a 2.5% m/m drop of their external debt to USD 9.2bn. The direct investments in the country went up by 1.4% m/m to USD 15.9bn mainly due to an USD 329.9mn monthly rise of the long-term lending from direct investors. Otherwise, the external debt of private companies surged by 3.2% m/m to USD 11.55bn, due to increase in long-term loans. On an annual basis, the countrys gross external debt jumped by 23.6% and almost half of the rise could be attributed to the government that increased its indebtedness by almost USD 7.27bn. Foreign debts of banks went up by USD 1.2bn and the debts of the private non-bank sector were up by USD 2bn. Inter-company lending also increased by USD 1.9bn, while the central banks foreign liabilities surged by USD 2.2bn.
German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more
Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more
France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more