Czech National Bank

ČNB improves GDP forecast to 1.4% growth in 2010

Prague, Nov 5 (CTK) - The Czech National Bank (CNB) in its new forecast expects the national economy to fall by 4.4 percent this year but to grow by 1.4 percent next year, CNB Governor Zdenek Tuma said at a press conference...

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Household debt up CZK 7.6bn in Sept

Prague, Oct 30 (CTK) - Czech household debt to banks and financial institutions grew by Kc7.6bn to Kc958.4bn in September against the previous month, the Czech National Bank (CNB) said Friday. Year-on-year, Czech household debt...

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Analysts: Central bank likely to keep rates flat due to weak crown

ČTK The Czech National Bank will leave interest rates unchanged at its policy meeting on November 5 mainly owing to the weakening of the crown in the past weeks, according to most analysts polled by ČTK.

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Analysts: Czech economy to expand by up to 2% in 2010

ČTK The Czech economy will grow by 1-2% next year, analysts polled by ČTK said Sunday. The growth will be limited by the budget savings package. For this year, economists foresee GDP contraction of 4-5%.

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Motivating people to supply more labour and save for the later stage of life

Authors: J. Babecký; K. Dybczak Publisher: Czech National Bank, Czech Republic, 2009 The Czech Republic is facing a population-ageing phenomenon, and its demographic structure is expected to change dramatically, which might...

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Number of counterfeit banknotes, coins up at 4,904 in Q3

ČTK As many as 4,904 forged and altered banknotes and coins were seized in the Czech Republic in Jan-September this year, which is more than for the full-2008, the Czech National Bank said on its website.

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ČD plans bond issue worth CZK 2bn to finance new rail carriages

Prague, Oct 22 (CTK) - Czech state-run rail operator Ceske drahy (CD) is preparing a bond issue worth an expected Kc2bn to finance above all the purchase of new rail carriages, the company said Thursday. CD has already signed...

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Czech families spend most on housing

Prague, Oct 22 (CTK) - The average Czech family now spends most on services including housing and related costs, which swallows a third of its monthly expenses, while in 1989 it spent around 18 percent of its monthly budget on...

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Defying the crunch

by Kryštof Chamonikolas | Prague Daily Monitor Banks in the Czech Republic now provide fewer mortgages than before the global financial crisis, but their profits and liquidity remain largely unaffected.

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Singer: Budget package to raise inflation above 3% next year

ČTK The approved budget package for next year will apparently increase inflation by 1.3 percentage point and inflation may exceed 3% at the end of 2010, vice-governor of the Czech National Bank said in a website presentation.

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