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

MEPs debate financial crisis and upcoming European Council

The EU should act in a united fashion to tackle the financial market crisis, and Member States should avoid unilateral steps which cause problems for their neighbours, according to most of the MEPs taking part in the debate on next week's EU summit and the financial turmoil. more »

Lithuania Follows the Decision to Increase Deposit Guarantee Protection

Following the decision by the Economic and Financial Affairs Council (ECOFIN), the Government of Lithuania raises deposit guarantee protection for individuals from EUR 22,000 up to EUR100,000, demonstrating the credibility of Lithuanian finance sector and safety of deposits at financial institutions. more »

Financial crisis: MEPs assess EU action and impact

As banks tumble like bowling pins and confidence plummets, Thursday sees MEPs consider whether to back wider financial regulation. more »

Lithuanian foreign Ministry emphasizes that disputes of commercial companies are arbitrated by courts and not by politicians

On 6 October, the Embassy of Latvia to Lithuania received a reply to the note of Latvian Ministry of Foreign Affairs regarding the ruling of Vilnius District Court pertaining to the Latvian company airBaltic and Riga’s airport on the basis of the request of the Lithuanian company flyLAL. more »

“The Lithuanian Economic Forum” to be hold in London

Lithianian Development Agency in cooperation with the Lithuanian Embassy to the United Kingdom of Great Britain and Northern Ireland as well as Alro Group, a real estate investment consultant, based in London, present “The Lithuanian Economic Forum” which will take place on October 8 in London. more »

Silvio Berlusconi Promises His Support for the Extension of the Work of Ignalina NPP

Italian Prime Minister Silvio Berlusconi thinks that the closedown of Ignalina NPP might be postponed and affirmed this opinion to Lithuanian Prime Minister Gediminas Kirkilas who is presently on a working visit to Rome. more »

Cisco Targets $34B Market with New Collaboration Portfolio

Open Collaboration Portfolio Integrates Cisco Unified Communications, Cisco TelePresence and Cisco WebEx. more »

Wincor Nixdorf presents expanded portfolio of software solutions for postal services providers

Wincor Nixdorf's portfolio of software solutions for the branch business of postal services providers, PC/E Postal Solution Suite, has been newly structured and expanded to include additional functionalities. more »

Verizon Business Hosts Final Webinar Today in Three-Part Security Series

Session to Focus on How Enterprises Can Proactively Reduce Risk. more »

Revised gross domestic product

The revised GDP growth rate in II quarter 2008 equalled 5.2 per cent. more »