NBP corrects calculations and uncovers current account surplus not deficit

Instead of the country having a deficit of EUR 83 million as had previously been claimed, the amended figure shows a current account surplus of EUR 191 million for January. The NBP claimed that the error was neither caused by a failure of its computer system nor by the way its trade data is calculated to comply with EU standards. Instead, Izabela Świderek-Kowalczyk, a spokesperson for NBP, said, "Many commercial banks delayed in sending us their data and, besides, some data from 2003 must have been amended, which affected the calculation." (Parkiet, p.9) J.J.