The Czech public finance deficit fell in 2013 to 1.44 percent of Gross Domestic Product from 4.2 percent in 2012, the Czech Statistics Office announced on Tuesday. That performance would put the country in line to join the euro zone on the public deficit criterion for the first time since 2008. The government is counting on a public deficit below 3.0 percent this year as well. In separate figures, the office revised downwards its previous growth figure for the last quarter of 2013 to 1.2 percent year on year and 1.8 percent quarter on quarter. The Czech economy shrunk by 0.9 percent over the whole year.
My Prague – Rob Cameron
Agencies abuse Czech visa system in Ukraine to fuel booming illegal business
Hockey legend Jaromír Jágr turns 45
Marie Iljašenko: a European poet
New documentary celebrates Czechoslovak war hero, RAF pilot Emil Boček
Jan Antonín Baťa always said he put his people first, says granddaughter Dolores Bata Arambasic
Academic Michael Smith: Czech govt. is supporting education of well-off through “free” universities