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 central bank’s Mora prefers using rates rather than FX interventions-Seznam Zpravy
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 interventions supporting…
Czech wage growth below 5% needed to tame inflation, central bank governor says
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 the bank…
Big Czech crown interventions less likely, central banker says
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 strong, Vice-Governor…
Czech central bank not in FX market since last meeting, Dedek says
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 prevent excessive…
Ivanka Trump accepts Czech state award on behalf of late mother Ivana
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 but kept…
Czech parliament locks in 2023 deficit at $12 billion as war, energy crisis bite
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 soaring energy…
Czech central banker says inflation near peak – newspaper
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 Karina Kubelkova…
Czech central banker Dedek: rate stability is favorable now -magazine
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 fragile, board…
European Commission will present proposal on gas price cap on Tuesday – Czech minister
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 holds the…
Czech cenbank chief: higher budget gaps would hamper inflation fight
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 to run…
Czech central bank vice-gov unlikely to vote for rate cut -newspaper
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 sufficient way,…
Czech billionaire ex-PM stands trial accused of EU subsidy fraud
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 his political…
Czech EU presidency says two proposals exist for setting maximum energy prices
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 Minister Jozef…
Czech interest rates already at high level, central bank governor says
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 series of…
One in five Czech firms look to cut jobs amid high energy prices – survey
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 Commerce said…
Czech windfall tax would affect energy, banks and maybe another sector -finance minister
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 it goes…
Oil flows through Druzhba to Czech Republic resume – pipeline operator
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 pipeline were…
Czech president believes new central bank chief will stabilise rates
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 Milos Zeman…
Czech finance minister seeks to keep 2022 budget deficit below $14.1 billion
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 being worked…
Exclusive – Czech finance ministry proposes beefed-up CEZ dividend
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 company’s board,…
Czech central banker Benda: 50, even 75 bps hike may not be enough this month – paper
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, board member…
Czech finance minister outlines plan to let firms to pay taxes in euros, look at more euro debt
By Jan Lopatka and Jason Hovet PRAGUE – The Czech government’s plan to let companies pay taxes in euros from 2024 will enable the state to raise its borrowing in euros and…
Czech central banker flags potential stronger rate tightening -paper
PRAGUE -The Czech National Bank might be forced to raise interest rates by more than its current course suggests if a dovish majority is created on its board, board member Tomas Holub…
Czech budget deficit to surpass CZK 300 billion in 2022 amid Ukraine war -minister
PRAGUE – The Czech state budget will surpass 300 billion crowns ($13.05 billion) this year, overshooting a 280-billion-crown target, Finance Minister Zbynek Stanjura said, as spending is pushed up by the impact…
Czech central bank’s Nidetzky: June rate hike coming -Seznam Zpravy
PRAGUE – The Czech central bank is likely to deliver another interest rate hike in June as long as nothing economically significant happens before then, although to what extent will depend on…
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