August 13th, 2008 issue INTEREST The Czech National Bank (ČNB) governing board voted unanimously to lower interest rates to 3.5 percent Aug. 8, a 0.25 percent decrease, the bank announced. ČNB Governor Zdeněk Tůma said the...
By ČTK / Published 18 August 2008 Prague - The Czech National Bank (ČNB) has granted a licence for reinsurance activities to the VIG RE company which will thus be the first licenced reinsurer in the Czech Republic, ČNB...
Czech economic slowdown will be accompanied by a significant decline of nominal wage growth on the labour market and employment growth will also slow and next year will change into a gradual rise of the jobless rate, ČNB's...
By ČTK / Published 13 August 2008 Prague, Aug 12 (CTK) - The current account of the Czech Republic's balance of payments showed a Kc27bn deficit in June after a Kc11.7bn deficit seen a month earlier, the Czech National Bank...
Prague - The month of September will say goodbye to the 50 haléř piece. It is the last remnant of haléř coin group, as the 10 and 20 haléř coins were abolished in 2003. The popularity of the 0.50 haléř coin was not never high...
The smallest coin used in the Czech Republic is 50 haler. Until the end of August 2008. If you take a look into your wallet and find any of these, you can, and should spend them until September, as they are valid mean of...
Long a source of joy for tourists, the Republic's currency has been rampaging recently. Though the study focuses on expat life, the findings indicate the overall rising expense of life in the Czech capital; for instance, a...
Therefore we had assumed that the current account would also be a positive surprise. It is surprising the deficit is so high given the performance of the Czech crown in this month. The balance of current transfers includes a...
By ČTK / Published 8 August 2008 Prague, Aug 7 (CTK) - The Czech National Bank (CNB) in its new forecast Thursday revised downwards GDP growth estimate for this year to 4.1 percent from the previous 4.7 percent, governor Zdenek...
By Jana Mlcochova Czech inflation picked up in July, but the central bank may still follow up this week's surprise interest rate cut with further reductions given signs that growth is losing steam and expectations inflation...