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…
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…
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…
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…
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 fight high inflation instead of…
PRAGUE (Reuters) – Czech central bank Governor Ales Michl said on Monday the state budget deficit needed to shrink and nominal wages should not rise too quickly next year, as…
PRAGUE (Reuters) – The Czech National Bank is unlikely to have to intervene in currency markets as much as it has in recent months when pressure against the crown was…
PRAGUE (Reuters) – The Czech National Bank has not been present in currency markets to defend the crown since its last policy meeting on Nov. 3, but stands ready to…
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 United States in the 1970s…
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) as the country grapples with…
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 2023, central bank board member…
PRAGUE (Reuters) – The Czech National Bank should keep interest rates unchanged at the moment as the mortgage market has plummeted, and signs of inflation nearing its peak were only…
PRAGUE (Reuters) – The European Commission will present a proposal on a mechanism to cap gas prices on Tuesday, Industry and Trade Minister Jozef Sikela of the Czech Republic, which…
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 Monday. The Czech government plans…
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 of inflation slowing in a…
PRAGUE (Reuters) – Former Czech prime minister Andrej Babis stood trial on Monday over fraud accusations connected to a 2 million euro ($2 million) European Union subsidy that have marred…
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 discuss on Friday, Czech Industry…
PRAGUE (Reuters) – Czech interest rates are already at a high level that is dampening domestic demand pressures, central bank Governor Ales Michl said on Monday. Michl said in a…
PRAGUE (Reuters) – Almost one in five Czech companies will look at cutting staff this year as they struggle with rising costs and high energy prices, the country’s Chamber of…
PRAGUE (Reuters) – The Czech government will decide in three weeks whether to impose a windfall tax on large energy companies and banks and may include one more sector if…
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 MERO said. Supplies via the…
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 keen on policy tightening, President…
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 billion) in a budget amendment…
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 44 crowns proposed by the…
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 increase may not be enough,…