Foreign debt rises to over CZK 3.350 trillion in second quarter


The Czech Republic’s foreign debt increased by CZK 133 billion in the second quarter of this year to reach CZK 3.353 trillion, according to figures just released by the Czech National Bank. The country’s foreign debt is equivalent to 72 percent of its gross domestic product. The Czech Republic’s foreign debt exceeded the CZK 3 trillion mark for the first time last year. It crossed the CZK 2 trillion line in 2010, six years after reaching CZK 1 trillion for the first time.