Thursday, 14 December 2017


ČEZ split "totally unacceptable", says PM designate Babiš

Reuters |
13 December 2017

Incoming Czech prime minister Andrej Babis reiterated his opposition to selling off part of state utility CEZ, saying it would be "totally unacceptable" as it would cost taxpayers, consumers and companies, daily Hospodarske Noviny reported.

PM designate: EU should not push us over migrants

Reuters |
11 December 2017

The designated Czech Prime Minister Andrej Babiš said that the European Union should not push Czechs over their refusal to shelter asylum-seekers, because it could strengthen extremist parties in the country. The European Union's executive will sue Poland, Hungary and the Czech Republic in the bloc's top court for their refusal to host asylum-seekers, Brussels said on Thursday. Babiš, whose government is due to be appointed by President Miloš Zeman on Dec. 13, repeated his country's stance on migrants.

Travel Service says signs deal for additional nine Boeing 737 MAX planes

Reuters |
8 December 2017

Czech airline Travel Service said on Thursday it had signed an order for nine additional Boeing 737 MAX planes for its fleet in November, increasing its total order book for the model to 39 planes.

EU to sue Czech Republic in top court over migration

Reuters |
7 December 2017

The European Union's executive will sue Poland, Hungary and the Czech Republic in the bloc's top court for their refusal to host asylum-seekers, two EU sources said on Wednesday. The European Commission will announce the decision on Thursday, the sources said, stepping up a legal case it opened against the three last summer.

Financial sector unions declare strike alert over pay

Reuters |
14 November 2017

Czech banking unions have declared strike alert in the financial sector to support wage demands, the Union of Workers in Finance and Insurance said on Monday.

Czech bank Moneta raises guidance after strong Q3 profit

Reuters |
9 November 2017

Czech lender Moneta Money Bank raised its full-year guidance for the third time this year and said it planned to pay out a dividend that would be much higher than its minimum threshold.

Czech crown rebounds after strong industrial data

Reuters |
7 November 2017

The Czech crown quickly recouped all its early losses on Monday as strong industrial output and retail data reinforced expectations for further central bank (CNB) interest rate hikes. Last Thursday the CNB delivered its second 25-basis-point hike since August, but its forward-looking comments were less hawkish than expected and knocked the crown off
four-year highs against the euro.

Central bank raises main rate by 25 bps to 0.50 pct

Reuters |
3 November 2017

The Czech National Bank raised its main interest rate by 25 basis points to 0.50 percent on Thursday, the second increase since August, when the bank became Europe's first monetary authority to embark on a tightening cycle.

Babiš gains possible support in bid for minority gov't

Reuters |
31 October 2017

Czech billionaire Andrej Babiš gained possible support on Monday for his bid to form a minority government with his ANO movement when the small Communist party said it could "tolerate" the prospect. "It is a question of how much the government's program would fit us, to tolerate this government," KSČM chairman Vojtěch Filip told Czech Television. "I am not saying we will support it, I am speaking about tolerance."

Strong winds batter central Europe, killing two in Czech Republic

Reuters |
30 October 2017

Strong winds battered central Europe on Sunday, reaching 180 kilometres an hour in the Czech Republic, where two people were killed by falling trees. The storm knocked out power to hundreds of thousands of households, Czech electricity utility ČEZ said.

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