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Czech exports to Russia continuing to fall |
Prag, 14.09.2016 |
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Czech exports to Russia have continued to decline this year, falling by 12 percent year-on-year in the period from the start of January to the start of July, according to figures released by the Czech Statistics Office on Tuesday. While the Russian federation was the destination of nearly 4 percent of Czech exports in 2012, that figure has now fallen to just 1.7 percent. EU sanctions imposed on Russia over its role in the annexation of Crimea are seen as a main reason for the trend. However, the Czech Chamber of Commerce says there are other factors involved, including Germany’s increased share of Czech exports on the back of the Czech crown’s weakness toward the euro.
Ian Willoughby
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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