Saturday, 1 October 2016


Central bank keeps crown cap, eyes on comments on exit timing

Reuters |
30 September 2016

The Czech central bank kept its monetary policy unchanged on Thursday as expected, keeping in place a cap on the crown currency's exchange rate to help a revival of price growth.

Czech investors agree to buy auction website from Naspers

Reuters |
29 September 2016

A group of Czech investors have agreed to buy leading Czech online auction website, the buyers said in a statement.

Parties gear up to clip wings of billionaire finance minister

Reuters |
14 September 2016

He is a vivacious billionaire businessman who has emerged as his country's most popular politician, offering Czechs a break with old parties tainted by graft; but opponents who see in Andrej Babi3 a threat to democracy are pressing him to choose between his commercial empire and political power.

Finance ministry converted 433 mln euros to crowns in August

Reuters |
9 September 2016

The Czech Finance Ministry converted around 433 million euros to crowns through the central bank last month, accounting for only a fifth of the growth in the bank's foreign reserves that month and indicating the bank raised its euro buying in the market.

Two Czech central bankers favour abrupt exit from crown cap

Reuters |
8 September 2016

The Czech central bank may dispense with its exchange rate cap in one go when its exits its weak crown policy in mid-2017, two board members said on Wednesday, fleshing out a policy shift that is moving closer and stoking investor interest in the crown.

Finance minister apologises for questioning war-time oppression of Roma

Reuters |
5 September 2016

Czech Finance Minister Andrej Babis apologised on Friday after facing calls to quit over comments denying the existence of a World War Two concentration camp for Roma people.

OKD creditors agree to pursue reorganisation, not bankruptcy

Reuters |
12 August 2016

Creditors committee agrees to pursue reorganisation of NWR coal mining unit OKD, company spokesman says. "This is very positive news for OKD, for employees and hard coal mining in the Ostrava region," OKD spokesman Ivo Celechovsky says. Court on Wednesday rejected biggest claim by Citibank representing holders of EUR 352 mln in NWR bonds guaranteed by OKD.

Czech government approves loan to help miner OKD

Reuters |
28 July 2016

The Czech government approved a CZK 700 million loan to help keep afloat hard coal miner OKD, an insolvent unit of New World Resources, the prime minister and industry minister said on Wednesday.

Czech cabinet approves investment deal with GE Aviation

Reuters |
28 July 2016

The Czech government approved a deal with GE Aviation on Wednesday for an investment in a new turboprop engine plant that will cost an estimated 350 million euros.

Czech leader hopes U.S. will remain solid NATO partner whoever wins vote

Reuters |
22 July 2016

The Czech prime minister said he hoped the United States would remain a solid NATO partner whoever won its presidential vote, after U.S. Republican nominee Donald Trump appeared to raise questions about his commitment to defend allies in the alliance.

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