Tuesday, 28 January 2020


Economy expands most in two years on 'surprising' domestic demand

Bloomberg |
9 September 2010

Czech economy grew at the fastest pace in two years in the second quarter as declining unemployment and rising wages led to an unexpected increase in demand from domestic consumers.

ČR's 'huge' eurobond demand means Romania, Ukraine to follow

Bloomberg |
8 September 2010

Romania and Ukraine will likely face "strong" demand for their planned eurobond offerings after the Czech Republic raised euro-denominated debt in an oversubscribed issue, Credit Agricole Cheuvreux SA said.

Czech funding costs tumble below Italy's at first eurobonds sale this year

Bloomberg |
7 September 2010

The Czech Republic sold its first euro-denominated bonds in more than a year as planned austerity measures and optimism about emerging-market debt sends the country's borrowing costs below those in higher-rated Italy.

ČEZ to scale back investments on power outlook

Bloomberg |
3 September 2010

ČEZ, the Czech Republic's largest power producer, will scale back investments next year as it is not clear that electricity prices will continue to rise, Trading Director Alan Svoboda said.

Unipetrol posts profit helped by demand, margins

Bloomberg |
1 September 2010

Unipetrol, the Czech Republic's largest refiner, posted a second-quarter profit after demand for refinery products rebounded and margins improved.

Central banker says period of low rates 'ended'

Bloomberg |
27 August 2010

Central bank board member Kamil Janáček said policy makers will “certainly” discuss the level of interest rates at their next meeting given the growth of exports and rising commodity prices.

Czechs won't provide Greek aid, will support EU expansion, Kurier reports

Bloomberg |
26 August 2010

The Czech government will not participate in a program to help Greece in its economic problems, Premier Petr Nečas told Austrian newspaper Kurier in an interview, without offering greater explanation.

Finance Minister Kalousek seeks overhauled pension program by 2012

Bloomberg |
25 August 2010

Finance Minister Miroslav Kalousek wants changes to the pension program, aimed at reducing the fiscal deficit and improving the country's credit rating, to take effect by 2012.

Nečas says spending cuts may lower 2011 economic output

Bloomberg |
23 August 2010

Prime Minister Petr Nečas said a reduction in spending in the 2011 state budget may lower economic output by as much as 0.7 percentage points from the government's current forecast. The cuts are needed to keep the budget deficit from "pulling down" the economy, Nečas said in an interview on Czech television yesterday. Gross domestic product will grow 1.6% this year and 2.3% in 2011, after shrinking 4.1% in 2009, according to Finance Ministry forecasts.

Czech bond yield declines to record low on S&P rating, confidence vote

Bloomberg |
12 August 2010

Czech 10-year bonds rallied, pushing yields to a record low, after Standard & Poor's said it may raise the country's credit rating and the cabinet won parliamentary backing for its plan to halve the fiscal deficit.

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