Czech Republic records lowest foreign trade deficit for over 10 years

There was good news for the Czech economy on Friday, when figures were released showing that 2004 saw the lowest foreign trade deficit since 1993. Both imports and exports increased last year after the Czech Republic joined the European Union, with exports rising particularly sharply. The industry and trade minister, Milan Urban, said in terms of euros per capita, the Czech Republic's foreign trade results exceeded those of countries like Spain and Greece, and were on the same level as the United Kingdom.