MISCELLANEOUS ECONOMIC INFORMATION

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00810A002300670005-8
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 2
• Document Creation Date: December 22, 2016
• Document Release Date: December 16, 2009
• Sequence Number: 5
• Publication Date: September 22, 1953
• Content Type: REPORT

Sanitized Copy Approved for Release 2009/12/16 :CIA-RDP80-00810A002300670005-8~
CENTRAL INTELLIGENCE AGENCY
INFORMATION REPORT
This Document contains information aSq~,ting the Na-
tional Deteaas of tha Vnited States, within the mean-
ing of Title 18, sections 783 snd 784, of tht U.B. Code. as
amended. Its transmission or revelation ci its contents
to or receipt by an unauthorized person is prohibited
by law. The reproduction of this form is prohibited.
SECRET ft~ONTROL .~ U,S, OFFICIALS ONLY
SECURITY INFORMATION
COUNTRY Czechoslovakia
SUBIECT Miscellaneous Economic lnformatio~a
DATE OF INFO.
PLACE ACQUIRED
REPORT
DATE DISTR. ;~~ 9sptomber 1e~5:
NO. OF PAGES
REQUIREMENT NO. RD
25X1
REFERENCES
THE SOURCE EVALUATIONS fN THIS REPORT ARE DEflNITlVE.
7HE APPRAISAL Of CONTENT 1S TENTATIVE.
(FOR KEY SEE REVERSE)
1, Produ~ctien of Cz~r:choslevak expert go?ds of inferior quality has z~eached unprecedented
px?oportionsa allegedly tamounting to 35 to ~~ of ali expert orders, Su~.sn g??ds
are sold for' less than the cost of preduction and often less than the cost of the
ra~T materials-~ra~r materials ~eTh.ich ~rere obtained w~.th difficulty and of~,en paid for
in h~.rd currencies. p~elive:ry contracts vrith the Soviet Union alvrays nave penalty
clauses anr3 the Seva.ets thus of~t.en get goads far next t? nothing ora a~t best,
Pay the price of the xavr mater~.als.
2, Z`he Czechoslovak State Transpex?t Corpo?:?ationl has credited large amountty of meney
in fares t? organizations such as tie Czechosleva.k Youth Organisation and the
Cz~echoslevak~Soviet Friendship League~,~ etc.A and 3.s_unable to demand payment
from them because these organizations are backed by the Communist Party and are
thus politically psivilegede
.3. There is a considerable shortage of scrap iron and iron ore, and these eommo-.
dines must be paid .for in foreign and hsz?d currenciesA xhich als? are: ct.iffi--
cult t? obt9ain, Consecluently9 scrap metal. collecting centers have been set up
in many places9 there are tiro very large collection centers in Kladnee One of
these ordered a huge press for handling the scrap but it arrived, disas;;embled9
e.t the vmong depot in Kladn? by mj.stakn s and since no ?ne there knox an3'thing
about it~ the parts vrere dust crushed int? scrap iron fox the collecting drive.
The Czechoslovak currency in circulation as of the beginning ?f 195.3 ~a~ estimatt~d
at 70 billien Kcs,9 but the actual figure prier to the currency reform ~.s be~
lieved t? have been about 110 billien Kcs.~ instead;
Circuses in Czechoslovakia are State operated. In 195~A their deficit ~ra?unted
to 37 million Kcs,
S~CRET~COIdTROL ~ LT,$;.' OFFICIALS ONLY
NAVY
(No?~ .Wesh(npron Dtsfribvtien indkafrd ttJr "X" j`~ Fldd Didribetlen Ey "#'".)
25 YEAR RE-REVIEW
Sanitized Copy Approved for Release 2009/12/16 :CIA-RDP80-00810A002300670005-8
 Sanitized Copy Approved for Release 2009/12/16 :CIA-RDP80-00810A002300670005-8
BECRET~CONTROL ~- UeSa OFFICIALS ONLY
Comment. Probably Czechoslovak State .Autom?bile Transp?rtatisn
Ceskoslvvenska statni automobilova doprava) is meant.
Comment, Possibly identical v-ith the Czechoslovak-Seviet I~zstitut,e
es os ovensko- ovietsky institut). 25X1
SECRET/CONTROL ~ U,S, OFFICIALS ONLY
Sanitized Copy Approved for Release 2009/12/16 :CIA-RDP80-00810A002300670005-8