(Ladislav Kovář) The Czech trade figure for May was released this morning, with a deficit of CZK 10.4 bil., which is far worse than Patria’s forecast of a CZK 4.5 bil. deficit and S&P’s poll median of a deficit of CZK 4.9 bil. Especially worrying among the trade data was the sharp increase in imports (+35.3%), which exceeded export growth (+23.3%). We reiterate our forecast for full-year 2000 of a projected deficit of approx. CZK 100 bil. (USD 2.5 bil., or 5.5% of the Czech GDP).