Tuesday, 21 April 2015


Survey: Czech banks see credit standards easing in Q2

Reuters |
21 April 2015

Czech banks expect credit standards to ease further and demand for loans to continue to rise in all market segments in the second quarter, the central bank's April lending survey showed on Monday.

Unions at Škoda raise strike threat over pay hikes

Reuters |
16 April 2015

Unions at Volkswagen's Czech unit Skoda Auto threatened on Wednesday to launch three- to five-day strikes, stepping up pressure in demands for higher pay, Czech media reported.

Czech Forex Club says no banks complained over interbank rates

Reuters |
15 April 2015

The Czech Forex Club has not received any complaints from any banks that would suggest manipulation of rates on the country's interbank market, the club said on Tuesday.

Broadcaster CME's co-CEO: Czech TV ad market strengthening

Reuters |
14 April 2015

Central European Media Enterprises (CME) has seen the Czech television advertising market strengthen in the first few months of the year and the trend should continue, the broadcaster's Co-Chief Executive Christoph Mainusch was quoted as saying.

Central banker says deputy finance minister attacking banking sector

Reuters |
13 April 2015

A Czech central banker accused a deputy finance minister on Sunday of launching an attack on banking sector credibility by publicly asking for an investigation into potential manipulation of interbank rates and challenged him to back up his claims.

Unions at VW's Škoda issue strike threat over pay demands

Reuters |
10 April 2015

Unions at Volkswagen's Czech unit Škoda Auto, the country's biggest manufacturing company, warned on Thursday they may take strike action to back their wage demands. The union has rejected the company's offer for a 3% rise in the basic wage in talks on a new collective agreement, on top of an already agreed one-off bonus. The website of Czech Television has said unions had demanded 6.5% but later dropped this to an undisclosed lower number.

C.banker Lízal says chance has grown for move in crown cap

Reuters |
10 April 2015

The probability has grown that the Czech central bank may adjust its cap on the crown currency's exchange rate to a weaker level than the current 27 per euro, bank board member Lubomir Lizal said on Thursday.

Jágr considers another last hurrah with Czech team

Reuters |
8 April 2015

Evergreen Czech ice hockey great Jaromir Jagr is considering playing for the national team at this year's world championships in his home country after the Florida Panthers failed to make the NHL playoffs.

PM criticizes Zeman after US diplomatic spat

Reuters |
7 April 2015

The Czech PM criticized the country's president, Miloš Zeman, on Monday for instigating a public spat with the US ambassador, saying he wished the president was more professional in diplomatic affairs. On Sunday, Zeman told a local news site he had "closed the door" of his official residence to US Ambassador Andrew Schapiro following the envoy's comments the president perceived as critical of his decision to attend a World War Two commemoration in Moscow in May.

Czech bonds in line to set next milestone in global QE

Reuters |
3 April 2015

The Czech Republic is on the verge of setting a new milestone in the global experiment in quantitative easing as it closes in on becoming the first emerging market with negative government bond yields.

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