Czech current account posts 11.8 billion-crown profit in February

In more business news, the Czech Republic’s current account posted an 11.8 billion CZK (752 million USD) surplus in February. For 2007 as a whole, the country’s current account posted a deficit of 88.9 billion crowns, the Czech national bank recently announced. The current account measures trade, services and dividend flows into and out of the country and is seen as one of the main drivers of the Czech currency, the crown.

Author: Rosie Johnston