Prague, Feb 1 (CTK) – The Czech National Bank (CNB) improved its GDP growth estimate in a new forecast, made public today, to 3.6 percent for this year from 3.4 percent predicted in November, and for next year to 3.2 percent from the previous estimate of 3.1 percent, CNB governor Jiri Rusnok said. For […]
Prague, Feb 1 (CTK) – The Czech crown firmed to Kc25.17/EUR, which is its strongest closing value in more than five years, and vis-a-vis the US dollar it strengthened to Kc20.18/USD, its best value since the summer of 2014, according to data on the server Patria Online. The currency gains were caused by today’s […]
Prague, Feb 1 (CTK) – The Czech National Bank (CNB) Bank Board raised interest rates today, the basic rate increased by 0.25 percentage point to 0.75 percent, the central bank’s spokesman Marek Zeman said. The governing board voted for the rate hike unanimously. Five out of the seven central bankers took part in today’s […]
Prague, Jan 31 (CTK) – The Czech Foreign Ministry will increase its capacities in order to be able to handle up to 20,000 applications for work in the Czech Republic from Ukraine annually, roughly double the current number, Foreign Minister Martin Stropnicky (ANO) told journalists today. More manpower may also come from Mongolia and […]
Brno, Jan 30 (CTK) – The Czech state has to pay 315,000 crowns plus late payment interest to Ronald Adams, former general director of the Czech Tatra lorry maker, in compensation for his unrightful detention and prosecution, the Brno Regional Court has decided, upholding a lower-level court’s previous verdict. The information was conveyed to […]
Prague, (CTK) – New passenger car sales in the Czech Republic hit record-breaking 271,595 units in 2017, which is 4.6 percent more annually, with companies buying nearly 75 percent of the volume, according to data of the Car Importers Association released today. Off-road sport utility vehicles were the most popular cars, accounting for nearly […]
Prague, Dec 29 (CTK) – The crown continued firming to the euro and the US dollar today and became the second fastest growing currency this year, around 17:00 it traded for Kc25.53/EUR and to the dollar it added 15 hellers to Kc21.28/$, according to data from the Patria Online server and information of analysts. […]
Prague, Dec 29 (CTK) – Czech shares have grown by 17 percent this year in terms of the PX index, which is closing year 2017 at 1,077 points, and the Prague Stock Exchange (BCPP) hit six-year highs in the course of the year, according to today’s results from the bourse. Fortuna lottery company and […]
Prague, Dec 27 (CTK) – Confidence in the Czech economy rose by 0.6 points month on month to 99.6 points in December after a drop in November, the Czech Statistical Office (CSU) said today. While business confidence grew by 0.8 points to 97.5 points month on month, consumer confidence fell by 0.3 points to […]