Tuesday, 26 July 2016

Reuters

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.

Industry minister says hopes to save Poland pipeline project

Reuters |
15 July 2016

The Czech government will talk to Poland to revitalise a gas pipeline project meant to connect the Czech system to a Polish LNG terminal and raise supply security, Czech Industry Minister Jan Mladek said on Thursday.

Babis says Italian banks may be bigger problem than Brexit

Reuters |
13 July 2016

The health of Italy's banks may be a bigger problem for Europe than Britain's decision to leave the European Union, Czech Finance Minister Andrej Babis said on his Twitter account while attending an EU finance ministers' meeting in Brussels on Tuesday.

Kapsch: Czech gov't approves prolongation of tolling contract

Reuters |
12 July 2016

Czech government approved prolongation of contract to operate nationwide toll system for at maximum three years.

Central bank keeps crown cap in place, market eyes Brexit comments

Reuters |
1 July 2016

The Czech central bank made no changes to monetary policy on Thursday as expected, keeping in place a cap on the crown currency's exchange rate to help a revival of price growth.

Foreign minister: EU Commission shares blame for Brexit

Reuters |
1 July 2016

EU institutions especially the European Commission share some blame for Britain's vote to leave the bloc and should forget about any urgent push for deeper integration, Czech Foreign Minister Lubomír Zaorálek said on Thursday. The top Czech diplomat wrote in the Financial Times that Britain's exit negotiations and EU reforms must be approached with humility and that acting too quickly would be dangerous.

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.

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