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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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, …