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.
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...
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...
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.
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%.
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...
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.
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...
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...
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.
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.



