Finance Minister: costs of transformation of Czech economy top 600 billion

Crowns

The Finance Minister Bohuslav Sobotka has said the costs of the Czech economic transformation between the year 1990 and 2004 exceeded 600 billion crowns (26 billion dollars), with most of the money going to bank and company revitalisation. Further dozens of billions of crowns were paid in support to municipalities and regions, Mr Sobotka said.