Wednesday, 11 December 2019


Czech bazooka bigger than Swiss seen keeping speculators at bay

Bloomberg |
29 July 2015

In the battle against currency speculators, the Czech National Bank is toting more ammunition than the Swiss -- in relative terms at least. While Switzerland abandoned its cap on franc gains in January as foreign-currency reserves climbed to 76% of GDP, the central bank in Prague is in a more comfortable position.

The Czech economy is surging, so why are wages stagnant?

Bloomberg |
22 July 2015

Czechs are getting short-changed. An economic resurgence that's outshining western Europe hasn't brought a proportional uptick in salaries. Eleven years after the nation joined the European Union, average wages still trail those of a German street sweeper.

Central bank intervenes for first time since 2013

Bloomberg |
21 July 2015

The Czech central bank intervened on the foreign-exchange market for the first time since 2013 as an economic recovery spurred the koruna to test the regulator’s limit on gains.

Sick of cheap labor, Czech unions seek catch-up with Germany

Bloomberg |
2 July 2015

The Czech Republic needs to ditch its reputation as a cheap-labor economy if it wants to catch up with the living standards of wealthier European Union states, the country's top union official said.

Prague without IPOs hindering Czech economy, Tomšík tells HN

Bloomberg |
19 June 2015

The lack of new Czech stock listings is a drag on the economy and on investment options for savers, Hospodářské noviny cited a central banker as saying.

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.

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