Czech firms generate record profits from arms exports in 2007

In more business news, Czech arms firms generated a record 174 million euros (4.3 billion crowns) from exports alone last year. The amount of weapons exported stood at a fourteen-year high in 2007. Czech arms imports also shot up last year from 93 million euros in 2006 to 193 million euros (4.8 billion crowns) in 2007. The figures were unveiled on Wednesday on the Trade and Industry Ministry’s website.