Articles for category: Business

Petr Dubinsky

Czech Retail Sales Continue Upward Trend

Czech retail sales growth accelerated for the second straight month in September, figures from the Czech Statistical Office showed Monday.   Retail sales, excluding automobile trade advanced an unadjusted 6.2 percent year-over-year in September, faster than the 4.8 percent rise in August.   Retail trade of automotive fuel alone grew 5.2 percent annually in September, while sales ...

Matt Atlas

September Czech Exports Surpass Imports

Czech foreign trade surplus increased in September from a year ago, as exports grew faster than imports, figures from the Czech Statistical Office showed Friday.   The trade surplus rose to CZK 20.2 billion in September from CZK 19.4 billion in the corresponding month last year. Economists had forecast a surplus of CZK 17.8 billion. ...

Central Bank Hikes Rate, But Signals Patience

The Czech central bank delivered its second interest-rate hike of 2018, but its message that it won’t be in a hurry to further raise borrowing costs in one of Europe’s best-performing economies drove the koruna to a two-week low. The bank increased the benchmark rate to 0.5 percent from 0.25 percent on Thursday, the second ...