Sunday, 9 August 2020


Czech credit rating may rise if budget ledge met, Moody's says

Bloomberg |
19 July 2010

The Czech Republic's credit rating may be increased if the new government delivers on its promise to cut the budget deficit, Moody's Investors Service said. "If we see a resumption of real convergence towards core Europe that could put upward pressure on the rating," Dietmar Hornung, a senior sovereign risk group analyst at Moody's, said in a July 16 interview. "And if the fiscal plans were to be implemented as planned and result in stabilization" of debt ratios "that would also be reassuring."

EnBW to boost stake in Czech power utility

Bloomberg |
15 July 2010

EnBW Energie Baden-Wuerttemberg will boost its stake in Czech power utility PRE Group to 69.9% from 28.5% by swapping its stake in a district heating company, Financial Times Deutschland reported.

Ahold, Kaufland probed by Czech regulator over alleged market rule breach

Bloomberg |
12 July 2010

Dutch supermarket owner Royal Ahold NV and German retailer Kaufland Stiftung & Co Kg are being investigated by a Czech regulator for a possible breach of rules on market dominance.

May trade balance shows surplus for 17th month on growth in exports

Bloomberg |
8 July 2010

The Czech Republic had a trade surplus for a 17th month in a row in May as improving demand for exports helped support economic recovery.

ČEZ wants right to select its own fuel suppliers for new Temelín reactors

Bloomberg |
22 June 2010

ČEZ, the Czech Republic's largest power producer, is demanding the right to select its own fuel suppliers during talks with three bidders to expand its Temelín nuclear power plant.

Czech gap in rates a factor in unexpected rate cut, minutes say

Bloomberg |
17 May 2010

The Czech central bank cut interest rates to a record low this month partly on expectations inflation will remain tame and because of the difference between the bank's borrowing costs and market interest rates, minutes from the last policy meeting show.

Czech Eurobond sale 'not feasible' on Greek contagion

Bloomberg |
7 May 2010

The Czech Republic will further delay a planned sale of international bonds as mounting concern Greek's debt crisis may spread in Europe drives up yields on government bonds, Finance Minister Eduard Janota said.

April PMI rises to 25-month high on record order growth

Bloomberg |
4 May 2010

Czech manufacturing advanced at the fastest rate in 25 months in April on record growth in export orders as the country recovers from a recession, an industry gauge showed.

Finance Minister sees euro possible in 2015 at earliest

Bloomberg |
15 March 2010

The Czech Republic may adopt the euro in 2015 at the earliest if it cuts the public finance deficit as required by the European Union, Finance Minister Eduard Janota said.

Czech fund with 150% gain says Russia stocks top pick

Bloomberg |
3 March 2010

The Czech unit of Erste Group Bank AG that returned more than 150% on its Sporotrend stock fund last year says Russian equities will lead global gains on lower valuations, cost cutting and demand for commodities.

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