Saturday, 18 January 2020


What central bankers want is to be boring, Hampl says

Bloomberg |
9 October 2014

As policy makers, academics and investors debate whether the world economy can return to its pre-crisis shape, the community of central bankers is yearning to ditch unconventional tools and return to the standard monetary routine, even if they are unable to do so for now, Czech National Bank Deputy Governor Mojmír Hampl said.

Millionaires dig dirt as Czech farm boom spawns fund

Bloomberg |
14 August 2014

Martin Burda gave up managing USD 8.1 billion of securities at the Czech investment arm of Erste Group Bank AG for something that's produced better returns than stocks and bonds: dirt.

Czech retail sales grow at fastest pace since Lehman fall

Bloomberg |
6 August 2014

Czech retail sales grew at the fastest pace since Lehman Brothers Holdings Inc. collapsed six years ago, helping the economy recover from its longest recession on record. Sales jumped 8.2% from a year earlier in June after a 0.6% decline the previous month, the Statistics Office in Prague said Tuesday in a statement. That's the fastest since September 2008 and quicker than the 4.5% median estimate in a Bloomberg survey of 11 analysts.

ČEZ must decide on nuclear future in spring, Babiš says

Bloomberg |
9 July 2014

ČEZ AS, the largest Czech electricity producer, must make a decision about the future construction of two new nuclear reactors next spring, Finance Minister Andrej Babiš said.

Billionaire minister pins deficit hopes on economy

Bloomberg |
8 July 2014

Czech billionaire Finance Minister Andrej Babiš wants to narrow this year's budget deficit to less than the government's target, riding an economic rebound after years of austerity and a record long-recession. The full-year shortfall may reach CZK 100 billion or less, compared with the ceiling of CZK 112 billion mandated by the budget law, Babiš said in an interview in his office in central Prague today.

Mel Gibson festival award draws fire from Czech Jews

Bloomberg |
4 July 2014

The Czech Jewish community protested against a decision by the Karlovy Vary International Film Festival to give Mel Gibson its top award for lifetime achievement, saying his work includes anti-Semitic views.

Czech brewers go east with hometown lager and giant goats

Bloomberg |
27 June 2014

In Náchod, a 700-year-old Czech town on the Polish border, Primator Brewery kegs waited to be loaded on containers bound for Kazakhstan while export manager Lenka Krausová fielded queries from as far away as Vietnam.

Czechs resume investment hunt with USD 1.1bn tire deal

Bloomberg |
26 June 2014

The Czech government signed an 829 million euro (USD 1.1 billion) investment contract with Nexen Tire Corp (002350), boosting foreign direct investment which has slowed since the global financial crisis.

Czech stimulus seen unaffected by inflation jump in May

Bloomberg |
10 June 2014

The first acceleration in Czech inflation (CZCPYOY) this year is unlikely to prompt the central bank to bring forward the end of its monetary stimulus as consumer demand remains subdued, analysts said.

Czech manufacturing expansion underpins economic rebound

Bloomberg |
3 June 2014

Czech manufacturing expanded the most in more than three years in May, signaling economic recovery is gaining strength on the back of orders from at home and abroad.

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