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

Court of Auditors report, European Anti-Fraud

Thursday morning MEPs debated a report from the European Court of Auditors on EU expenditure in 2007. more »

Cars sold 2 for 1 as sales crash

Wander along any supermarket aisle and you'll see a number of two-for-one offers. It's not something we're used to seeing at our local car showroom. more »

Big Three autos plead for help

The leaders of the so-called Big Three of the U.S. auto industry were on the hot seat on Capitol Hill. more »

HP Announces Preliminary Fourth Quarter Results

HP today announced preliminary results for the fourth fiscal quarter 2008 with revenue of $33.6 billion, a year-over-year increase of 19% or 16% when adjusted for the effects of currency. more »

Opening up the labour market

When the EU expanded in 2004, some of the 15 existing EU countries were worried they would be flooded by workers from eastern and central Europe. more »

Monday in Strasbourg: wage gap, euro at 10, EuroMedscola

Monday MEPs discussed ways to narrow the gender pay gap that still exists in Europe, despite 30 years of legislation. more »

MEPs' diagnosis on economy ahead of Washington G20

The financial crisis has become a major threat to the economies, jobs and lives of millions worldwide. more »

Tightening the net on overfishing

Fisheries in the EU are regulated to protect stocks from overfishing and prevent damage to marine ecosystems. more »

Energy in an emergency

Energy prices in the EU have risen by an average of 15% in the last year and Europeans wonder whether speculators are driving up oil prices. more »

USA Treasury will focus on investing in bank shares

Treasury Secretary Henry Paulson offered an update on the government's financial rescue efforts. more »