Prague, Dec 27 (CTK) – The crown fell to the euro to the weakest level in almost three months on the first day after the Christmas holidays and around 17:00 was over 10 hellers down at Kc25.90/EUR, while to the US dollar the crown was flat, closing at Kc21.78/$, according to data from the Patria […]
Prague, Dec 26 (CTK) – Czech economic growth will slow down from this year’s 4.4 percent to 3.3 percent in 2018, average inflation will drop from 2.5 percent to 2.3 percent, unemployment will fall moderately further and wage growth will keep its high speed, according to results of a regular Finance Ministry survey. The […]
Prague (CTK) – The crown weakened on the last trading day before the Christmas holidays, losing 5 hellers to Kc25.77/EUR and 7 hellers to Kc21.77/$, according to data from the Patria Online server. In the course of the day, the crown dropped all the way to Kc25.80/EUR for a while. “Part of the market […]
Prague (CTK) – The Prague Stock Exchange (BCPP) grew also on the fifth day this week and its PX index gained 0.32 percent to 1,081.20 points, the highest level this year and at the same time the highest closing level since August 2011, according to the bourse website. Only three stocks ended in the […]
Prague, Dec 21 (CTK) – Five out of the seven members of the Czech National Bank (CNB) Bank Board voted in favour of no change in interest rates, with two members voting in favour raising the basic interest rate to 0.75 percent, CNB governor Jiri Rusnok told journalists after the board’s meeting. The benchmark […]
The Czechs have a saying ‘Kdo si hraje nezlobí’ – A person who plays does not have time to be naughty. If that is the case, there are a lot of well-behaved children and even parents worldwide thanks to Czech toy export. The Czechs have ranked first as the No. 1 exporter of toys out […]
Prague, Dec 17 (CTK) – Net profit of the Czech banking sector fell by Kc700m yr/yr to Kc59.9bn in Q1-Q3 this year, and total assets in the sector were Kc1,300bn higher against the end of the year at Kc7,278bn, according to data published by the Czech National Bank (CNB). Experts attributed the profit drop […]
Prague, Dec 17 (CTK) – The Bank Board of the Czech National Bank (CNB) will leave interest rates on hold at its last policy meeting this year on Thursday, analysts addressed by CTK have said, adding the CNB will raise rates at a meeting in February. Some say, however, that a rate hike in […]
Prague, Dec 13 (CTK) – Polish group PKN Orlen, a majority owner of Czech petrochemical company Unipetrol, has notified Unipetrol of its launch of a voluntary public offer to purchase further Unipetrol shares, planning to raise its stake from the current 63 percent to at least 90 percent, Unipetrol told CTK today. PKN Orlen […]