Czech Republic May Post Trade Surplus in July

Published: 2 September 2005 y., Friday

The Czech Republic probably had a seventh consecutive trade surplus in July, the longest run since the country's creation in 1993, as companies cut short summer closures and boosted exports to the European Union, a survey of economists showed.

The surplus will probably be 500 million koruna ($21 million) compared with 7.5 billion in June, according to the median estimate of 11 economists surveyed by Bloomberg Aug. 26-30. A surplus would be the country's first in the month of July, when factories typically close for as long as three weeks.

The Czech Republic may post a surplus for the year after trade barriers were scrapped when the nation joined the EU in May 2004. That enabled exporters such as the Czech unit of Dutch paper producer Kappa Packaging NV and carmakers to tap growing demand in Western Europe. Exports may rise further as seasonal shutdowns end, economists said.

The statistics office will publish the report at 9 a.m. in Prague.

Industrial orders from abroad jumped 20 percent in June from May and were up 21 percent from June 2004. Growth in the euro region will accelerate to 0.6 percent in the fourth quarter after 0.4 percent expansion in the third quarter and 0.3 percent in the second, the European Commission said Aug. 11.

Šaltinis: Bloomberg
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

EIB gives strong support of EUR 718 million for transport, energy and the environment in Turkey

The European Investment Bank is providing a EUR 718 million strong support for rail transport, electricity distribution as well as energy efficiency and renewable energy in Turkey. more »

EIB finances expansion of Port of Barcelona

The European Investment Bank (EIB) has approved a EUR 150 million loan for expanding the Port of Barcelona. EIB Vice-President Carlos da Silva Costa and the Chairman of the Barcelona Port Authority, Jordi Valls, signed the finance contract in Catalonia’s capital. more »

Interview with Jean-Paul Gauzès MEP, rapporteur on "hedge fund" directive

The extent to which hedge funds should be regulated is one of the key issues facing MEPs on the Economic and Monetary Affairs Committee. more »

EIB provides CZK 2 billion for urban infrastructure in Plzen (Czech Rep.)

The European Investment Bank (EIB) is lending CZK 2 billion (approx. EUR 73 million) to the Municipality of Plzen (West Bohemia) to implement priority urban regeneration schemes identified in the city’s 2004 Development Plan. more »

European Investment Bank's Philippe Maystadt at Budgetary Control Committee

High-speed rails, supporting indigenous people's rights, protecting nature and wildlife, student loan facilities, construction and refurbishment of hospitals and reduction of industrial pollution are just a few projects supported by the European Investment Bank. more »

Commission endorses €14.3 million aid for Volkswagen in Bratislava, Slovakia

The European Commission has authorised, under EC Treaty state aid rules, €14.3 million of aid, which the Slovak authorities intend to grant to Volkswagen Slovakia, belonging to the Volkswagen AG, for the transformation of an existing plant in Bratislava. more »

MEPs take up new fisheries policy powers

MEPs began acting on their new Lisbon Treaty power to co-decide fisheries policy with Member States on 1 December - the day the treaty took effect - with a Fisheries Committee indicative vote on three legislative proposals. more »

DnB NORD Bankas to offer better exchange rate for pounds, Scandinavian currecies until the New Year

With seasons’ holidays approaching DnB NORD Bankas will offer better cash exchange rates for Great Britain’s pounds, Swedish, Norwegian and Danish krones until 31st December. more »

European Investment Bank funds for renewable energy and energy efficiency projects across South Africa

The European Investment Bank (EIB) today agreed to provide a EUR 40m loan to FirstRand Bank to promote energy efficiency and renewable energy projects across South Africa. more »

480 electrical equipment workers in Lithuania to get help from EU Globalisation Fund

The European Commission has today approved an application from Lithuania for assistance under the European Globalisation adjustment Fund (EGF). more »