TITLE

Investments at a price

PUB. DATE
March 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Mar2005, Vol. 12 Issue 3, p7
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article reports that foreign direct investment has improved the trade balance through capacity and productivity improvements, but increasing repatriation of profits has kept the current account deficit large. In the long run, improvements are expected in the trade balance to outpace income deficit growth. On one hand, November's trade surplus of more than US$200mn reflects the strength of Czech industry, acquired through huge injections of overseas investment over recent years. The balance of trade in January-November 2004 stood just US$417mn in deficit, compared to US$1.55bn over the same period in 2003.
ACCESSION #
16590051

 

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