Thursday, 13 August 2020


Craft ciders are sweeping across beer-crazed central Europe

Bloomberg |
8 June 2015

A generation after communism's demise opened borders in central Europe, cider is making inroads with young, urbane drinkers in countries like Slovakia, the Czech Republic and Hungary.

Czech economy grows fastest since 2007 in first quarter

Bloomberg |
1 June 2015

The Czech economy expanded faster than previously reported in the first quarter as domestic demand and investment received a boost from the central bank's weak koruna policy and the government's looser fiscal stance.

Finance minister dismisses deputy who triggered Pribor row

Bloomberg |
21 May 2015

Finance Minister Andrej Babis dismissed his deputy, Martin Pros, who triggered a dispute with the central bank by asking the regulator to investigate the setting of interbank rates. Babis had criticized Pros for going to the media shortly after sending the request to central bank Governor Miroslav Singer without discussing it. The minister lost confidence in Pros, who has worked as his deputy since April 2014.

Hungarian Gripen fighter jet crash-lands in Czech military drill

Bloomberg |
20 May 2015

A Hungarian Jas-39 Gripen fighter, made by Saab AB, crash-landed during a military drill in the Czech Republic, the Defense Ministry in Budapest said. Both pilots ejected and were unhurt as the plane overran the runway for unknown reasons, the ministry said in an e-mailed statement on Tuesday.

Czech long-term energy plan continues to rely on nuclear power

Bloomberg |
19 May 2015

The Czech government said it remained opposed to state subsidies for nuclear plants as it approved a long-term strategy that stresses the importance of atomic power and renewable energy for decades to come.

Czech economy races to EU's fastest growth on weak koruna policy

Bloomberg |
18 May 2015

Czech economic growth accelerated to a record and outpaced all other members of the European Union in the first quarter, helped by a policy of keeping the currency weak and the government's looser budget stance.

O2 Czech more than doubles quarterly profit on cost reductions

Bloomberg |
14 May 2015

O2 Czech Republic AS’s first-quarter profit more than doubled as the company cut costs before a planned partition of the business designed to further boost earnings.

LN: Czech rate setter Rusnok veers from Zeman on koruna

Bloomberg |
22 April 2015

Czech central banker Jiří Rusnok, the Czech president's top pick to lead the monetary authority next year, disagreed with his ally's view that a cap limiting koruna gains has delayed potential euro adoption.

ČEZ finance chief says euro switch would aid Czech companies

Bloomberg |
25 March 2015

Czech companies would benefit if the country switched to the euro as it would simplify trade and cut costs, said Martin Novák, the chief financial officer at power utility ČEZ.

Czech koruna gaining toward cap as central bank ready to step in

Bloomberg |
18 March 2015

The Czech koruna gained to a 16-month high as CSOB AS analysts said investors may test the central bank's resolve to defend its limit at 27 per euro with interventions.

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