Current account of balance of payment reached in the 1Q07 surplus of CZK 13.4bn. Favourable trend of foreign trade and balance of services continued, with underlying solid economy growth with our main business partners and favourable price conditions (decreasing prices of imports and rising prices of exports). Output balance (goods + services) reached surplus of CZK 47bn, by one billion higher than last year. Income balance weighted by dividends and reinvested profits ended with deficit of CZK 31bn, i.e. by CZK 10bn more than last year. Financial account shows outflow of capital in the amount of CZK 14.5bn. Inflow of foreign direct investments (CZK 30bn) could offset outflow of portfolio investments and outflow of capital through banking operations. For the full year 2007 we expect current account deficit between CZK 110bn and CZK 120bn (3.1-3.4% of GDP). At the same time, data for 2004-2006 were significantly revised.