The Czech Republic's current account deficit came in at a higher than expected $403 million, official figures showed Wednesday.
Published:
12 August 2004 y., Thursday
The Czech Republic's current account deficit came in at a higher than expected $403 million, official figures showed Wednesday.
The June deficit compared with a $325 million current account deficit in May. The market had expected a deficit in June of $350 million.
Some analysts said the higher than expected June deficit had been driven by foreign companies repatriating profits to their home countries.
The current account data will, ironically, come as good news to the central bank because it is likely to contribute to a relative weakening of the local currency, the crown.
The central bank and the government are keen to avoid any strong appreciation of the crown, fearing it will hurt the country's competitiveness.
The Czech economy is growing rapidly compared with the euro zone but is a relatively poor performer in the central and east European region.
Šaltinis:
washtimes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
European cities may still be feeling the pinch of the global recession.
more »
The EBRD Board of Directors has approved a $50 million convertible loan to Petrolinvest to finance the completion of exploration works at the company’s main oilfields.
more »
The European Commission welcomes the adoption today at the United Nations in Geneva of the first international regulation on safety of both fully electric and hybrid cars.
more »
Bloomberg has today announced that Lithuania had the outlook on its credit rating raised by Fitch Ratings after the Government implemented an austerity program to curb the budget deficit.
more »
In January 2010, compared with December 2009, the highest increase in retail trade in the EU-27 Member States was observed in Lithuania.
more »
Three thousand former car, refrigerator and construction workers in Germany and Lithuania will get €7.6 million in EU globalisation adjustment fund aid for training, self-employment and job guidance after Parliament gave the green light on Tuesday.
more »
Some 80% of Europeans continue to travel for their holidays according to a new Eurobarometer survey on ‘The attitudes of Europeans towards tourism 2010’.
more »
The EU's internal market will be under scrutiny Tuesday when a series of reports will be debated by MEPs in Strasbourg.
more »
EU Employment and Social Affairs Ministers today agreed on a new facility to provide loans to people who have lost their jobs and want to start or further develop their own small business.
more »
Over €7.6 million in financial aid for training and self-employment could be available to former workers in German and Lithuanian if MEPs back the measures Tuesday.
more »