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czech

Czech central bank’s Holub says bigger rate cut possible in Feb -Bloomberg News

January 29, 2024 by Reuters
Czech central bank's holub says bigger rate cut possible in feb -bloomberg news - photo licensed by shore news network.

(Reuters) – Czech policymakers could consider accelerating the pace of interest rate cuts as inflation ebbs to “relatively standard” levels, Czech National Bank (CNB) board … Read more

Categories In the News

Czech Senate fails to ratify European treaty on violence against women

January 25, 2024 by Reuters

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 … Read more

Categories In the News

Czech court rules Indian man can be extradited to US, justice minister to decide

January 19, 2024 by Reuters

PRAGUE (Reuters) – A Czech appeals court has ruled that Prague can extradite to the United States an Indian man accused by the U.S. of … Read more

Categories In the News

Czech Sev.en GI agrees to buy AES’s 51% stake in Vietnamese power plant

November 30, 2023 by Reuters

By Jan Lopatka PRAGUE (Reuters) – Czech privately-held Sev.en Global Investments on Thursday said it will buy a majority stake in a large coal-fired plant … Read more

Categories In the News

Czech gunmaker Colt CZ makes offer for Vista Outdoor

November 23, 2023 by Reuters
Czech gunmaker colt cz makes offer for vista outdoor - photo licensed by shore news network.

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 … Read more

Categories In the News

‘True European’: Former top Czech diplomat Schwarzenberg dies

November 12, 2023 by Reuters
'true european': former top czech diplomat schwarzenberg dies - photo licensed by shore news network.

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. … Read more

Categories In the News

Czech lawmakers back government’s $6.5 billion deficit-cutting plan

October 13, 2023 by Reuters

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 … Read more

Categories Business News

Xavier Niel buys Czech investor Kretinsky’s stake in Le Monde

September 23, 2023 by Reuters
Xavier niel buys czech investor kretinsky's stake in le monde - photo licensed by shore news network.

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 … Read more

Categories Business News

Czech Finance Ministry proposes 2024 state budget with $11.3 billion deficit

September 1, 2023September 1, 2023 by Reuters
Czech finance ministry proposes 2024 state budget with $11. 3 billion deficit - photo licensed by shore news network.

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 … Read more

Categories Business News

Czech government approves bill to tax multinationals

August 16, 2023August 16, 2023 by Reuters
Czech government approves bill to tax multinationals - photo licensed by shore news network.

PRAGUE (Reuters) – The Czech government approved on Wednesday a bill allowing the taxation of large multinational companies which tend to book their profits in … Read more

Categories Business News

Czech lawmakers give initial backing to $7 billion budget savings package

July 14, 2023 by Reuters
Czech lawmakers give initial backing to $7 billion budget savings package - photo licensed by shore news network.

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 … Read more

Categories Business News

US State Dept approves sale of F-35 aircraft to Czech Republic

June 29, 2023 by Reuters

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 … Read more

Categories US and World News

Czech lower house backs defence treaty with US in initial vote

June 28, 2023June 28, 2023 by Reuters
Czech lower house backs defence treaty with us in initial vote - photo licensed by shore news network.

PRAGUE (Reuters) – The lower house of the Czech parliament gave strong backing to a defence treaty with NATO ally the United States on Wednesday … Read more

Categories US and World News

No Czech rate hike this year, but outlook for cuts shifts to Q4: Reuters poll

June 16, 2023 by Reuters
No czech rate hike this year, but outlook for cuts shifts to q4: reuters poll - photo licensed by shore news network.

By Jason Hovet PRAGUE (Reuters) – The Czech National Bank is likely to opt against hiking interest rates further but chances of a rate cut … Read more

Categories Business News

Czech central banker Holub: raising rates more would still makes sense

May 28, 2023 by Reuters
Czech central banker holub: raising rates more would still makes sense - photo licensed by shore news network.

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 … Read more

Categories Business News

Czech budget gap at record $9.3 billion in Jan-April on social spending, energy subsidies

May 2, 2023 by Reuters
Czech budget gap at record $9. 3 billion in jan-april on social spending, energy subsidies - photo licensed by shore news network.

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 … Read more

Categories Business News

Czech rates seen on hold before cut in third quarter

April 28, 2023 by Reuters
Czech rates seen on hold before cut in third quarter - photo licensed by shore news network.

By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to maintain policy stability and keep its key interest rate at a … Read more

Categories Business News

Czech government must dig deeper with budget consolidation – watchdog

April 18, 2023 by Reuters
Czech government must dig deeper with budget consolidation - watchdog - photo licensed by shore news network.

By Robert Muller PRAGUE (Reuters) – The Czech government needs to dig deeper than it plans to shore up the state budget which has fallen … Read more

Categories Business News

Czech central banker: no rate cuts until inflation clearly lower -magazine

April 12, 2023 by Reuters
Czech central banker: no rate cuts until inflation clearly lower -magazine - photo licensed by shore news network.

PRAGUE (Reuters) – The Czech National Bank (CNB) should not cut interest rates until inflation is clearly lower as rates need to stay higher for … Read more

Categories Business News

Czech parliament speaker, in Taiwan, says we’ll always stand with you

March 28, 2023 by Reuters
Czech parliament speaker, in taiwan, says we'll always stand with you - photo licensed by shore news network.

TAIPEI (Reuters) – The speaker of the lower chamber of the Czech parliament told Taiwanese lawmakers on Tuesday that her country and Taiwan are bound … Read more

Categories US and World News

Czech company sees boom in market for fake tanks, HIMARS

March 6, 2023 by Reuters
Czech company sees boom in market for fake tanks, himars - photo licensed by shore news network.

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 … Read more

Categories US and World News

Czech monetary conditions restrictive, further hike still not ruled out, Frait says

March 2, 2023 by Reuters
Czech monetary conditions restrictive, further hike still not ruled out, frait says - photo licensed by shore news network.

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, … Read more

Categories Business News

Czech car producers power industrial growth in 2022 to pre-pandemic levels

February 6, 2023 by Reuters

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 … Read more

Categories Business News

Czech central bank signals rates to stay elevated, welcomes strong crown

February 2, 2023 by Reuters
Czech central bank signals rates to stay elevated, welcomes strong crown - photo licensed by shore news network.

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 … Read more

Categories Business News

Petr Pavel: who is the ex-army chief leading Czech presidential election race?

January 24, 2023 by Reuters
Petr pavel: who is the ex-army chief leading czech presidential election race? - photo licensed by shore news network.

By Jan Lopatka PRAGUE (Reuters) – When mortar fire exploded around him in a 1990s peace mission in the Balkans, Petr Pavel showed the calm, … Read more

Categories US and World News

More EU sanctions should hit Russian arms production – Czech Foreign Minister

January 24, 2023 by Reuters
More eu sanctions should hit russian arms production - czech foreign minister - photo licensed by shore news network.

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 … Read more

Categories US and World News

Czech interest rates should rise further, IMF says

January 24, 2023 by Reuters
Czech interest rates should rise further, imf says - photo licensed by shore news network.

PRAGUE (Reuters) – Czech interest rates should rise further “in the short term” to tame inflation and avoid more painful hikes later, the International Monetary … Read more

Categories Business News

Czech interest rates likely to stay on hold until mid-2023 – Reuters poll

December 16, 2022 by Reuters
Czech interest rates likely to stay on hold until mid-2023 - reuters poll - photo licensed by shore news network.

By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to hold interest rates steady at its final policy meeting of 2022 … Read more

Categories Business News

Czech policymaker Dedek says steady rates needed as inflation peaks

December 13, 2022 by Reuters
Czech policymaker dedek says steady rates needed as inflation peaks - photo licensed by shore news network.

By Robert Muller PRAGUE (Reuters) – The Czech National Bank can hold off on interest rate rises as inflation is peaking, although any loosening of … Read more

Categories Business News

Czech central bank’s Mora prefers using rates rather than FX interventions-Seznam Zpravy

November 21, 2022November 21, 2022 by Reuters
Czech central bank's mora prefers using rates rather than fx interventions-seznam zpravy - photo licensed by shore news network.

PRAGUE (Reuters) – Czech central bank Vice-Governor Marek Mora said on Monday he would favour using interest rates as the primary monetary policy tool to … Read more

Categories Business News

Czech wage growth below 5% needed to tame inflation, central bank governor says

November 14, 2022 by Reuters
Czech wage growth below 5% needed to tame inflation, central bank governor says - photo licensed by shore news network.

PRAGUE (Reuters) – Czech central bank Governor Ales Michl said on Monday the state budget deficit needed to shrink and nominal wages should not rise … Read more

Categories Business News

Big Czech crown interventions less likely, central banker says

November 13, 2022November 13, 2022 by Reuters
Big czech crown interventions less likely, central banker says - photo licensed by shore news network.

PRAGUE (Reuters) – The Czech National Bank is unlikely to have to intervene in currency markets as much as it has in recent months when … Read more

Categories Business News

Czech central bank not in FX market since last meeting, Dedek says

November 11, 2022 by Reuters
Czech central bank not in fx market since last meeting, dedek says - photo licensed by shore news network.

PRAGUE (Reuters) – The Czech National Bank has not been present in currency markets to defend the crown since its last policy meeting on Nov. … Read more

Categories Business News

Ivanka Trump accepts Czech state award on behalf of late mother Ivana

October 29, 2022 by Reuters
Ivanka trump accepts czech state award on behalf of late mother ivana - photo licensed by shore news network.

PRAGUE (Reuters) – Former U.S. President Donald Trump’s daughter Ivanka has accepted a Czech state award honouring her late mother Ivana who emigrated to the … Read more

Categories US and World News

Czech parliament locks in 2023 deficit at $12 billion as war, energy crisis bite

October 26, 2022October 26, 2022 by Reuters
Czech parliament locks in 2023 deficit at $12 billion as war, energy crisis bite - photo licensed by shore news network.

PRAGUE (Reuters) – The Czech parliament gave its initial nod to the 2023 state budget bill, setting the deficit at 295 billion crowns ($12.1 billion) … Read more

Categories US and World News

Czech central banker says inflation near peak – newspaper

October 23, 2022October 23, 2022 by Reuters
Czech central banker says inflation near peak - newspaper - photo licensed by shore news network.

PRAGUE (Reuters) – Czech inflation, while likely to stay high until year-end, is near its peak and should not rise much further before dropping in … Read more

Categories US and World News

Czech central banker Dedek: rate stability is favorable now -magazine

October 19, 2022 by Reuters

PRAGUE (Reuters) – The Czech National Bank should keep interest rates unchanged at the moment as the mortgage market has plummeted, and signs of inflation … Read more

Categories US and World News

European Commission will present proposal on gas price cap on Tuesday – Czech minister

October 17, 2022 by Reuters
European commission will present proposal on gas price cap on tuesday - czech minister - photo licensed by shore news network.

PRAGUE (Reuters) – The European Commission will present a proposal on a mechanism to cap gas prices on Tuesday, Industry and Trade Minister Jozef Sikela … Read more

Categories US and World News

Czech cenbank chief: higher budget gaps would hamper inflation fight

October 10, 2022 by Reuters
Czech cenbank chief: higher budget gaps would hamper inflation fight - photo licensed by shore news network.

PRAGUE (Reuters) – The Czech government running higher state budget deficits would hamper the central bank’s efforts to tame inflation, Governor Ales Michl wrote on … Read more

Categories US and World News

Czech central bank vice-gov unlikely to vote for rate cut -newspaper

September 22, 2022 by Reuters
Czech central bank vice-gov unlikely to vote for rate cut -newspaper - photo licensed by shore news network.

PRAGUE (Reuters) – Czech National Bank Vice-Governor Eva Zamrazilova is not likely to vote for a rate cut this year as she expects little chance … Read more

Categories US and World News

Czech billionaire ex-PM stands trial accused of EU subsidy fraud

September 12, 2022 by Reuters
Czech billionaire ex-pm stands trial accused of eu subsidy fraud - photo licensed by shore news network.

PRAGUE (Reuters) – Former Czech prime minister Andrej Babis stood trial on Monday over fraud accusations connected to a 2 million euro ($2 million) European … Read more

Categories Top Headlines, Trending News, US and World News

Czech EU presidency says two proposals exist for setting maximum energy prices

September 6, 2022 by Reuters
Czech eu presidency says two proposals exist for setting maximum energy prices - photo licensed by shore news network.

PRAGUE (Reuters) – There are two proposals in the European Union on how to set maximum prices on energy that the bloc’s energy ministers will … Read more

Categories Financial News

Czech interest rates already at high level, central bank governor says

September 5, 2022 by Reuters
Czech interest rates already at high level, central bank governor says - photo licensed by shore news network.

PRAGUE (Reuters) – Czech interest rates are already at a high level that is dampening domestic demand pressures, central bank Governor Ales Michl said on … Read more

Categories Financial News

One in five Czech firms look to cut jobs amid high energy prices – survey

August 31, 2022 by Reuters

PRAGUE (Reuters) – Almost one in five Czech companies will look at cutting staff this year as they struggle with rising costs and high energy … Read more

Categories Financial News

Czech windfall tax would affect energy, banks and maybe another sector -finance minister

August 19, 2022 by Reuters
Czech windfall tax would affect energy, banks and maybe another sector -finance minister - photo licensed by shore news network.

PRAGUE (Reuters) – The Czech government will decide in three weeks whether to impose a windfall tax on large energy companies and banks and may … Read more

Categories Financial News

Oil flows through Druzhba to Czech Republic resume – pipeline operator

August 12, 2022 by Reuters
Oil flows through druzhba to czech republic resume - pipeline operator - photo licensed by shore news network.

PRAGUE – Flows of Russian oil through the Druzhba pipeline to the Czech Republic resumed at 8 p.m. (1800 GMT) on Friday, Czech pipeline operator … Read more

Categories Financial News

Czech president believes new central bank chief will stabilise rates

July 3, 2022 by Reuters
Czech president believes new central bank chief will stabilise rates - photo licensed by shore news network.

PRAGUE – The Czech National Bank’s new governor Ales Michl is likely to stabilise interest rates as he and three new board members are not … Read more

Categories Financial News

Czech finance minister seeks to keep 2022 budget deficit below $14.1 billion

June 26, 2022 by Reuters
Czech finance minister seeks to keep 2022 budget deficit below $14. 1 billion - photo licensed by shore news network.

PRAGUE – Czech Finance Minister Zbynek Stanjura said on Sunday he wanted to keep the 2022 state deficit from rising above 330 billion crowns ($14.1 … Read more

Categories Financial News

Exclusive – Czech finance ministry proposes beefed-up CEZ dividend

June 20, 2022 by Reuters

PRAGUE – The Czech Finance Ministry has proposed that state-controlled utility CEZ pays a dividend of 48 crowns per share this year, rather tyhan the … Read more

Categories Financial News

Czech central banker Benda: 50, even 75 bps hike may not be enough this month – paper

June 13, 2022 by Reuters
Czech central banker benda: 50, even 75 bps hike may not be enough this month - paper - photo licensed by shore news network.

PRAGUE – The Czech central bank needs to raise interest rates significantly again when its board meets on June 22 and even a 75 basis-point … Read more

Categories Financial News
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