Tension on the Czech money market has eased over the past week and market-making on the bond market could resume soon, central bank Vice-Governor Miroslav Singer said on Wednesday.
The Czech banking system is sound and the economy is healthier than its Hungarian counterpart, but the country is still at risk of contagion from the global financial crisis, according toZdenek Tuma, the governor of the Czech central bank.
Welcome to Talkback, a forum to voice your opinion on today’s Czech news. This week’s topic: Are Czechs EU trouble-makers? Last week Czech officials criticised the 100% guarantee of bank deposits introduced by some EU countries. They raised concern that big countries could sidestep the rules of the Growth and Stability Pact that set budget deficit limits. They required that guarantees for deposits be equal for all countries and in agreement with competition rules. But the package of emergency measures had already been approved within the eurozone and the Czech Republic is now being blamed for making it more complicated. The Czech stance may not even be taken into consideration when dealing with the issue. This all comes only two
Things you should know before you enter a Czech bank.
Hlucka, who was one of the last living Czech World War II fighters, has died at age 88.
The Finance Ministry does not plan to issue any state bonds in the coming weeks except for an eight-year floating rate note due to be auctioned on 22 October, Deputy Minister Eduard Janota said on Wednesday.
The Wallachian Kingdom – which has its own passports and currency – started as a practical joke, but soon grew into the most successful tourist venture in the country.
Solo Match Works is moving production abroad next year due to worsening economic conditions in the Czech Republic.
Not only does the Czech Republic have the highest number of tea rooms per person in Europe; Czechs have recently become the first Europeans to join the prestigious World Tea Union.
Before the cold and dark days of winter hit Prague, there is time to use the last few days of relatively warm and sunny weather and go out for a walk. If you are afraid to wander around Stromovka park, which suffered another terrible landslide last weekend, you can try the playground area just outside the Opatov metro stop. On Saturday, the sky above the place will be covered with kites of all shapes and colours as part of the kite festival for children organsied by MOFFOM is here again. This year’s edition will take us to New York City. You can explore the graffiti movement and the fast-growing hip-hop subculture in NYC in the early 1980s or learn what