PragueConnect.cz - Economy

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CNB: CR’s deficit on investment position abroad has dropped

In Q1 2015 the Czech Republic’s deficit on its investment position abroad fell CZK 212.9bn to CZK 1,307.3bn. The investment position deficit to GDP ratio at current prices is 30.3 %. In a y/y comparison the negative balance is CZK 234.5bn lower. The Czech Republic’s foreign indebtedness increased by CZK 199.5bn to CZK 2,887.4bn (66.8 % of GDP). This was reported by the Czech National Bank (CNB).

Source: www.cianews.cz