• Balance of trade in October reached surplus of CZK 4.4bn. Exports increased by 19.8% y/y while imports by 19.2%. October result of foreign trade was influenced by oil prices decline on the world markets.
• Public finance deficit in the Czech Republic will reach, according to EC estimate, 4.1% of GDP next year. This means that at the moment Czech Republic is fulfilling only 2 out of 5 criteria which are necessary for euro adoption.
• Hungarian parliament passed basic parameters of state budget for next year. Deficit should reach HUF 1.657bn. In relation to GDP deficit should lower to 6.8% of GDP from this year’s expectation for 10.1% of GDP.
• Buying managers’ index in services sector in the USA increased to 58.9 in November from 57.1 in October.
• Investments of USD 20 trillion to energetics by year 2030 will be necessary worldwide, according to International Energy Agency. Half of the amount should go to electricity production, about one fifth to oil production.