Slovak Central Bank Retains Key Interest Rate At 4.25%

Sep 25, 2007 - The Slovak central bank retained two-week repo tender rate at 4.25% on Tuesday. The decision came in line with economists' expectations.

The National Bank of Slovakia also held overnight sterilisation rate at 2.25% and overnight refinancing rate at 5.75%.

Slovakia's Q2 GDP grows 9.4 pct, revised up from 9.2 pct

Sep 4, 2007 - Slovakia recorded GDP growth of 9.4 pct for the second quarter of this year, the Statistics Office of the Slovak Republic said, revising upwards its earlier estimate of 9.2 pct.

In the same period last year, GDP growth reached 6.7 pct.

For the first half of 2007, growth stood at 9.2 pct, against 6.7 pct for the first six months of 2006, the Statistics Office added.

Real GDP growth is expected to come to 8.8 pct for the full year. This information comes from the latest prognosis of macroeconomic development. The Statistics Office has not changed its estimates of GDP formation in absolute terms either, which should reach 1,830.1 bln Slovak koruna by the end of this year.

The Statistics Office is positive about inflation developments, reducing its previous estimate on average inflation for the whole of 2007 by 0.2 percentage points to 2.5 pct.

On the other hand, unemployment should slightly worsen, it said.

The jobless rate should reach 10.8 pct, 0.2 percentage points above the office's previous estimate three months ago.

(SKK 1 = EUR 0.0296)

Slovak Q2 GDP grows 9.2 pct

Aug 14, 2007 - The Slovak economy accelerated moderately in the second quarter of this year, showing 9.2 pct growth in real prices, according to the Slovak Statistics Office.

The office said GDP amounting to 3.5 bln eur was generated from April to the end of June. This meant an 11.3 pct growth in current prices.

In the first quarter of this year, Slovakia's economy grew 9 pct in real prices.

The accelerated second quarter GDP was linked to the added value growth in industrial manufacturing, mainly in the production of machines, electrical devices and means of transport, the office added.

Slovak final Q1 GDP growth 9.0 pct vs 8.9 in 1st estimate

Jun 1, 2007 - The Slovak Statistics Office said it has revised its calculation of first-quarter GDP growth for the country to 9.0 pct from 8.9 pct in its flash estimate, SITA news agency reported.

This means that the Slovak economy grew 2.3 percentage points faster in the first quarter of this year than in the same period of 2006.

This means GDP was 414.6 bln koruna in the first three months of this year, which is up 12.4 pct in current prices.

GDP growth was boosted by an acceleration of foreign demand to 24.1 pct, while domestic demand grew by 3.9 pct, which was the slowest growth since 2004.

Final consumption of households grew by 6.5 pct, which was the same as last year.