Budgetary Committee of European Parliament approved a draft of EU – CR budget yesterday. If the Czech republic enters the EU in 2004, it should contribute EUR 867mil (some CZK 3bn) in 2005, EUR 902mil in 2006 and EUR 938mil to the common budget of the EU. But being one of the most advanced candidate country the CR will earn relatively less from the common budget in connection with minor agriculture and higher level of its regions. Thus, the Czech republic could face a situation of deficit balance with the EU. In such a case the EU should provide the CR with compensation.
The European Investment Bank (EIB) will lend EUR 60mil (CZK1.8bn) to the Czech republic for flood prevention. The loan is a financing component of program that will be implemented in the years 2002 to 2005 and its overall costs have been put at CZK4.15bn.
Slovakian industrial producers prices increased by 0.8% in April, mainly due to higher prices of coke and products of refineries. Prices were 2.0% up in comparison with previous year.
Euro zone’s March retail sales rose by 0.3% m/m and by 2.0% compared with March 2001. In the EU-15 the sales were 0.2% m/m up, and rose 2.6% y/y respectively.
U.S. May Consumer confidence surveyed by Conference Board rose to 109.8 points from revised 108.5 points in April. The index increased thanks to more favorable perception of current situation. On the other hand, the index of future assessment fell for the second time in a row.
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Radim Krejčí