Wednesday, 5 August 2020


Billionaire minister says Czech red tape hinders stimulus

Bloomberg |
12 December 2014

The Czech government's ability to boost economic growth with state spending is limited by laws delaying road building and other investment, Finance Minister Andrej Babis said.

Czech cookbook poised to beat record Fifty Shades, Potter sales

Bloomberg |
11 December 2014

A cookbook by a local TV reporter-turned-chef has become a Czech bestseller and is on track to beat record sales of translations of "Fifty Shades of Grey" and the last installment of the Harry Potter series.

Lowest EU yields pose risk as KBC Czech unit looks abraod

Bloomberg |
4 December 2014

The Czech bond rally that has reduced yields below those of Germany is boosting risks of losses, the nation's third-biggest investment company said. CSOB Asset Management AS is recommending clients diversify from Czech bonds by buying stocks as well as higher-yielding debt from Poland to southeast Asia, Chief Executive Officer Jan Barta said in an interview in Prague yesterday. The unit of KBC Groep NV oversees $8 billion in assets.

Czech economy expands faster than estimated on investment

Bloomberg |
1 December 2014

The Czech economy expanded faster than previously reported in the third quarter, as investments boosted output. Gross domestic product surged 2.4% when compared with a year earlier, according to a second reading published today by the Statistics Office.

Czech nuclear plans attract five companies, minister Mládek says

Bloomberg |
28 November 2014

Five companies are interested in building new nuclear reactors planned by the Czech government, according to Industry and Trade Minister Jan Mládek.

Czech central bankers don't favor koruna cap shift, Singer says

Bloomberg |
27 November 2014

Czech central bank Governor Miroslav Singer doesn't see the will within the rate-setting board to change the current limit for koruna gains, saying the monetary easing has contributed to an economic revival.

Billionaire clashes with O2 Czech shareholders over loan

Bloomberg |
27 November 2014

O2 Czech Republic proposed to take a loan to help its majority owner pay for the acquisition, in a move decried by some minority shareholders as too risky.

Czech consumer confidence positive first time in 7 years

Bloomberg |
25 November 2014

Czech consumer confidence turned positive for the first time in more than seven years, adding to signs that the central bank's yearlong effort to keep the koruna weak spurred household demand by helping avert deflation.

UEFA fines Czech, Slovak soccer clubs over crowd disturbances

Bloomberg |
31 October 2014

European soccer governing body UEFA fined both clubs involved in crowd disturbances at an Oct. 23 match in Slovakia. Sparta Prague was fined 80,000 euros and ordered to play one UEFA competition home match behind closed doors, UEFA said in an e-mailed statement. The sanction is deferred for a two-year probation period.

Westinghouse offers Czechs help to finance nuclear plans

Bloomberg |
14 October 2014

Westinghouse Electric Co. LLC, the U.S. nuclear builder owned by Toshiba Corp., offered the Czech government help with financing the future expansion of nuclear power stations.

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