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

Motorola Announces Third-Quarter Financial Results

Motorola, Inc. today reported sales of $7.5 billion in the third quarter of 2008. more »

Brussels urges car makers to stay on green path

The global financial crisis has already battered many European banks. Now it is hitting the EU auto industry, the world’s largest producer of motor vehicles. more »

Commission approves German support scheme for financial institutions

The European Commission has approved, under EC Treaty state aid rules, a German rescue package intended to stabilise financial markets by providing capital and guarantees to eligible financial institutions. more »

New Commission report assesses European trade strengths in a changing global economy

A new report by the European Commission has assessed the competitiveness of the European Union in the global economy at the end of a decade of rapid economic change. more »

Microsoft Reports Record First-Quarter Revenue

Revenue surpasses $15 billion with healthy sales of enterprise software and Xbox 360 consoles. more »

Airport charges - new rules could mean cheaper flights

Airport charges are one of the hidden costs of flying and usually they are passed on from airlines to passengers. more »

World summit to fight financial crisis

US and European leaders agree to series of summits on world finance. more »

Fishermen should learn from cowboys

On Monday MEPs will debate a recovery plan for cod stocks in the North Sea and West Scotland. With over 70% of the world’s fish species already fully exploited or depleted, fisheries faces a crisis. more »

Private pensions have growing role, but must address society's needs – new EU report

A new study released by the European Commission today confirms the trend towards more private pension provision in the EU but highlights the need for inclusive coverage and adequate pension levels. more »

Energy security, issue of particular importance for Lithuania, in the European Council conclusions

Thursday, October 16, Brussels. President of the Republic of Lithuania Valdas Adamkus attended the second day session of the European Council meeting. more »