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Fitch Ratings Affirms Czechia At AA-

International rating agency Fitch Ratings confirmed AA- rated creditworthiness of the Czech Republic. The rating outlook is stable, indicating that the Agency is not going to change the rating in the foreseeable future. According to the agency, the stable outlook reflects expectations that authorities will continue to pursue a relatively sound budgetary and monetary policy in […]

U.S. Embassy Warns Of Counter-Measures Against Digital Tax

The U.S. will take “appropriate counter-measures’ if the Czech Republic moves forward with a proposed digital tax, the U.S. embassy in Prague said on Friday. The U.S. government has clearly communicated its position regarding digital taxes, embassy spokesperson Ed Findlay said. He referred to a December commentary written by Ambassador Stephen King in Lidove noviny. […]

Home Credit Mulls Delaying Hong Kong IPO

Petr Kellner’s Home Credit is weighing postponing its IPO on the Hong Kong stock exchange to sometime next year.   Home Credit began probing demand for its shares in September, targeting a market capitalization of up to €10 billion. Potential investors think a more realistic valuation is in the range of 5-7.5 billion euros, Bloomberg […]