CR owed CZK 37 billion at end of 2015 with Cuba biggest debtor

The Czech Republic was owed CZK 37 billion by other states at the end of last year with Cuba its biggest debtor, according to figures released by the Ministry of Finance quoted by the Czech News Agency. The figure was over CZK 2 billion higher than a year previously due to interest and fluctuations in the exchange rate between the crown and the US dollar, in which most of the debts are held. The Ministry of Finance said Cuba had requested to have some of its CZK 7 billion forgiven and offered to pay the rest back in instalments.