Thursday, 23 June 2016


Minister shakes gov't with swift approval of police reform

Reuters |
16 June 2016

The interior minister on Wednesday signed a contested plan merging top anti-corruption units in the police that is at the center of a row shaking the center-left government. The plan to reshuffle police top structures, bringing together organized and economic crime units, is testing the three-party coalition after more than two years of relatively smooth rule. Finance Minister Andrej Babis's ANO party has rejected the plan and said it would seek changes to the coalition agreement.

Czech banks more resilient to shocks, home loans a risk

Reuters |
15 June 2016

The Czech banking sector's ability to deal with potential shocks is stronger than a year ago and banks could cope with a very strong recession in a worst-case scenario, the central bank said in a yearly health check of lenders on Tuesday. Highlighting one potential risk, the bank said in its annual report it would tighten mortgage lending rules from October due to "highly relaxed" conditions, although it did not see any overheating in home loans, which have been a strong driver of growth in recent years.

Czech economy clearing path to crown cap exit in 2017, Rusnok says

Reuters |
2 June 2016

A bustling Czech economy is setting the central bank on course to end its cap on the crown currency as planned in 2017, board member and incoming governor Jiří Rusnok said on Wednesday.

Czech banks want EU clarity on changes to renewable energy scheme

Reuters |
2 June 2016

The Czech Banking Association (CBA), whose members include the country's biggest lenders, has urged EU state-aid regulators to clarify the legality of proposed changes to the Czech renewable energy scheme affecting billions of euros in loans.

Central bank appointments suggest weak crown exit on course

Reuters |
18 May 2016

The Czech president named an adviser to the next central bank governor and a financial sector veteran to the bank board on Tuesday, changes unlikely to alter the likelihood it will exit its weak crown policy next year.

PM: Most important to keep NWR's OKD operational in coming months

Reuters |
5 May 2016

Czech Prime Minister Bohuslav Sobotka said on Wednesday that keeping New World Resources' (NWR) OKD mining unit in operation in the coming months was the most important priority after the firm filed for insolvency.

Vattenfall sells German lignite assets to Czech EPH

Reuters |
19 April 2016

Czech investor EPH has agreed to buy the loss-making lignite coal mines and associated power plants in Germany from state-owned Swedish utility Vattenfall as it bets on a recovery in European power prices.

Czechs do not rule out legal action against permanent migrant quotas

Reuters |
18 April 2016

The Czech Republic cannot rule out legal action if the European Union tries to put in place any permanent quota system for distributing asylum seekers, Prime Minister Bohuslav Sobotka said on Sunday.

Czechs to return Iraqi Christians who tried to move to Germany

Reuters |
4 April 2016

The Czech Republic will send back to Iraq a group of Iraqi Christians who tried to move on to Germany instead of staying in the country, Interior Minister Milan Chovanec said on Sunday. A group of 25 Iraqis took a bus on Saturday to Germany, where they were stopped immediately after crossing the border, ČTK news agency reported. German police then asked the Czechs to take the people back and that was agreed, ČTK said.

Czech PM: Europe must support western Balkans in halting migration

Reuters |
4 March 2016

The European Union must provide support to western Balkan countries outside the bloc to help them halt the flow of migrants north from Greece towards the heart of the EU, Czech Prime Minister Bohuslav Sobotka said on Thursday. In an interview with Reuters, Sobotka hailed steps by western Balkan nations to stop an uncontrolled influx into the EU via their territory of people fleeing from war or failed states across the Middle East and Africa.

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