Exports in 2012 exceed three trillion crowns

In related news, Czech exports in 2012 for the first time exceeded 3 trillion crowns, or nearly 158 billion US dollars, according to government figures released on Wednesday. The exports consisted mainly of machinery, vehicles and other final products. Some analysts believe the results point to a beginning of economic recovery in the Czech Republic which has been in recession for over a year. The country also registered a record foreign trade surplus last year which amounted to 310 billion crowns, more than 30 percent more than in the previous year.