Czech Senate fails to ratify European treaty on violence against women
PRAGUE (Reuters) – Lawmakers in the Czech Republic’s upper house Senate narrowly voted against ratifying a decade-old international treaty aimed at preventing and combating violence against women. The vote late on Wednesday,…
Czech gunmaker Colt CZ makes offer for Vista Outdoor
PRAGUE (Reuters) -Czech gunmaker Colt CZ Group has made an offer to Vista Outdoor, valuing the U.S. sporting and outdoor goods group at about $1.7 billion, according to Reuters calculations. Vista said…
‘True European’: Former top Czech diplomat Schwarzenberg dies
PRAGUE (Reuters) – Former Czech Foreign Minister Karel Schwarzenberg, one of the leading figures in the country’s post-Communist era, has died, officials said on Sunday. He was 85. Schwarzenberg was born into…
Czech lawmakers back government’s $6.5 billion deficit-cutting plan
PRAGUE (Reuters) – Czech lower house lawmakers approved on Friday the centre-right government’s 151 billion crown ($6.47 billion) package of spending cuts and tax hikes aimed at cutting the budget deficit in…
Xavier Niel buys Czech investor Kretinsky’s stake in Le Monde
PARIS (Reuters) – NJJ Presse, a holding of French telecoms maverick Xavier Niel, has purchased Czech billionaire Daniel Kretinsky’s stake in daily Le Monde and committed to transferring this and its existing…
Czech Finance Ministry proposes 2024 state budget with $11.3 billion deficit
PRAGUE (Reuters) – The Czech Finance Ministry has proposed a 2024 central state budget with a 252 billion crown ($11.36 billion) deficit, according to a draft of the legislation sent to the…
Czech government approves bill to tax multinationals
PRAGUE (Reuters) – The Czech government approved on Wednesday a bill allowing the taxation of large multinational companies which tend to book their profits in countries with a lower tax burden. The…
Czech lawmakers give initial backing to $7 billion budget savings package
PRAGUE (Reuters) – The Czech parliament’s lower house gave initial backing on Friday to the centre-right government’s package of spending cuts and tax hikes aimed at cutting the budget deficit in the…
US State Dept approves sale of F-35 aircraft to Czech Republic
WASHINGTON (Reuters) -The U.S. State Department has approved the sale of F-35 fighter jets, munitions and related equipment to the Czech Republic in a deal valued at up to $5.62 billion, the…
Czech lower house backs defence treaty with US in initial vote
PRAGUE (Reuters) – The lower house of the Czech parliament gave strong backing to a defence treaty with NATO ally the United States on Wednesday in an initial reading, signalling the agreement…
No Czech rate hike this year, but outlook for cuts shifts to Q4: Reuters poll
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank is likely to opt against hiking interest rates further but chances of a rate cut are shifting later into 2023, or beyond,…
Czech central banker Holub: raising rates more would still makes sense
PRAGUE (Reuters) – Raising the Czech National Bank’s interest rates further would still make sense as it could serve as a signal that the central bank has not given up on its…
Czech budget gap at record $9.3 billion in Jan-April on social spending, energy subsidies
PRAGUE (Reuters) – The Czech Republic’s budget deficit doubled to 200 billion crowns ($9.30 billion) in January-April, a record for the four-month period and reaching two thirds of the full-year target, raising…
Czech rates seen on hold before cut in third quarter
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to maintain policy stability and keep its key interest rate at a more than two-decade high of 7.00% on…
Czech government must dig deeper with budget consolidation – watchdog
By Robert Muller PRAGUE (Reuters) – The Czech government needs to dig deeper than it plans to shore up the state budget which has fallen to record deficits, and must act fast…
Czech central banker: no rate cuts until inflation clearly lower -magazine
PRAGUE (Reuters) – The Czech National Bank (CNB) should not cut interest rates until inflation is clearly lower as rates need to stay higher for longer to slow price growth, central bank…
Czech parliament speaker, in Taiwan, says we’ll always stand with you
TAIPEI (Reuters) – The speaker of the lower chamber of the Czech parliament told Taiwanese lawmakers on Tuesday that her country and Taiwan are bound together by freedom and democracy, pledging to…
Czech company sees boom in market for fake tanks, HIMARS
By Jan Lopatka DECIN, Czech Republic (Reuters) – Losing a tank or valued U.S.-made high mobility artillery rocket systems (HIMARS) can hurt an army less if the weapon is a cheap inflatable…
Czech monetary conditions restrictive, further hike still not ruled out, Frait says
PRAGUE (Reuters) – The Czech National Bank’s monetary policy has been having a restrictive effect on the market although further tightening cannot be ruled out, the bank’s Vice-Governor Jan Frait said on…
Czech car producers power industrial growth in 2022 to pre-pandemic levels
PRAGUE (Reuters) – Czech industrial output returned to pre-pandemic levels in 2022, growing 1.7%, data showed, mainly due to car production, which is likely to struggle this year from supply-chain bottlenecks. It…
Czech central bank signals rates to stay elevated, welcomes strong crown
By Robert Muller and Jan Lopatka PRAGUE (Reuters) – The Czech National Bank (CNB) left interest rates unchanged at a more than two-decade high on Thursday, saying rate stability for longer was…
Petr Pavel: who is the ex-army chief leading Czech presidential election race?
By Jan Lopatka PRAGUE (Reuters) – When mortar fire exploded around him in a 1990s peace mission in the Balkans, Petr Pavel showed the calm, cool nature that would later endear him…
More EU sanctions should hit Russian arms production – Czech Foreign Minister
By Gabriela Baczynska BRUSSELS (Reuters) – The European Union should introduce more sanctions against Russia’s technology sector to curb Moscow’s ability to produce arms and rockets it is using to wage war…
Czech interest rates should rise further, IMF says
PRAGUE (Reuters) – Czech interest rates should rise further “in the short term” to tame inflation and avoid more painful hikes later, the International Monetary Fund has said in the conclusions of…
Czech interest rates likely to stay on hold until mid-2023 – Reuters poll
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to hold interest rates steady at its final policy meeting of 2022 on Dec. 21 and will not begin…
Czech policymaker Dedek says steady rates needed as inflation peaks
By Robert Muller PRAGUE (Reuters) – The Czech National Bank can hold off on interest rate rises as inflation is peaking, although any loosening of monetary policy is still way off, one…
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