Wednesday, 21 October 2020


Miners march in Prague to demand looser environmental limits

Bloomberg |
30 January 2015

Coal miners from northern Czech Republic took to the streets of Prague to urge the government to scrap environmental limits on open-pit mining. Several hundred miners marched in front of the Industry and Trade Ministry on Thursday, carrying banners with slogans such as "Czech coal or Putin's gas?" and "Don't take our job! You don't have alternatives for us."

Franc shock ends Swiss role model status for Czech policy makers

Bloomberg |
29 January 2015

Policy makers in Prague cited Switzerland as inspiration when they imposed a cap on gains for the koruna in November, 2013. Any further influence ended when the Swiss National Bank abandoned its limit on the franc this month, rocking currency markets and triggering billions of dollars in losses for investors.

Czech inflation nears zero on oil as central bank watches koruna

Bloomberg |
12 January 2015

Falling oil pushed Czech consumer price growth to near zero in December, adding to deflationary pressure that's hampering the central bank's efforts to lift inflation toward its target band.

O2 Czech falls as breakup plan boosts dividend cut speculation

Bloomberg |
8 January 2015

O2 Czech Republic AS fell as a plan to break up its operations boosted speculation the country’s biggest telecommunications company may sell some assets and cut dividends.

O2 Czech may move telecommunication infrastructure to new unit

Bloomberg |
7 January 2015

O2 Czech Republic AS, the country's biggest telecommunications provider, is considering moving its fixed and mobile infrastructure into a separate company.

Prague man in critical condition after self immolation

Bloomberg |
18 December 2014

A 56-year-old Czech man was in critical condition after setting himself on fire at Wenceslas Square in the center of Prague, according to the city's Emergency Medical Service.

Billionaire minister says Czech red tape hinders stimulus

Bloomberg |
12 December 2014

The Czech government's ability to boost economic growth with state spending is limited by laws delaying road building and other investment, Finance Minister Andrej Babis said.

Czech cookbook poised to beat record Fifty Shades, Potter sales

Bloomberg |
11 December 2014

A cookbook by a local TV reporter-turned-chef has become a Czech bestseller and is on track to beat record sales of translations of "Fifty Shades of Grey" and the last installment of the Harry Potter series.

Lowest EU yields pose risk as KBC Czech unit looks abraod

Bloomberg |
4 December 2014

The Czech bond rally that has reduced yields below those of Germany is boosting risks of losses, the nation's third-biggest investment company said. CSOB Asset Management AS is recommending clients diversify from Czech bonds by buying stocks as well as higher-yielding debt from Poland to southeast Asia, Chief Executive Officer Jan Barta said in an interview in Prague yesterday. The unit of KBC Groep NV oversees $8 billion in assets.

Czech economy expands faster than estimated on investment

Bloomberg |
1 December 2014

The Czech economy expanded faster than previously reported in the third quarter, as investments boosted output. Gross domestic product surged 2.4% when compared with a year earlier, according to a second reading published today by the Statistics Office.

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