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.
Positive news for Czech consumers as EU readies anti-dual food quality rules
Czech town offered million hours of free porn in promotional move
Proposed new Prague development framework sets urban targets for future decades
Most successful ever Czech crowd funding project fuels relaunch of iconic Čezeta scooter
Floating Czech crown fails to realise worse fears