Saturday, 11 July 2020


Czech junior ruling party pushes for bank tax to prop up budget

Bloomberg |
1 March 2019

The Czech Republic needs to impose a special levy on lenders to finance the planned social spending, a junior ruling-coalition party said, increasing pressure on the prime minister who's made a promise not to raise the corporate tax burden.

Czech rate setter warns excessive hikes may hurt economy

Bloomberg |
14 January 2019

Czech policy makers should proceed cautiously with further interest-rate increases to avoid hurting the economy, central bank board member Oldřich Dědek said. He was the only policy maker to vote against the last increase in November that brought the benchmark to the current 1.75 percent.

Czech leader defies fraud-probe scandal to bolster his support

Bloomberg |
6 December 2018

The Czech Republic's billionaire prime minister fortified his support among potential voters, defying escalating tensions over a police investigation into whether he committed fraud. The ANO party led by Andrej Babiš widened its lead in a survey conducted by pollster STEM last month when new allegations related to the fraud probe led to a failed no-confidence motion in parliament. ANO's backing rose to 36% in November, from 33% in the previous month.

Europe's most reliable rate-hike beacon goes dim

Bloomberg |
20 November 2018

Weakness in the Czech currency has reliably pointed the way to the longest run of interest-rate increases in Europe. But at their last meeting of the year, policy makers may opt for a pause, even as the koruna continues its slide.

Richest Czech seen eyeing Chelsea stake as Abramovich mulls sale

Bloomberg |
26 October 2018

Petr Kellner, the richest Czech and the owner of investment company PPF Group, is considering buying a stake in Russian billionaire Roman Abramovich's Chelsea Football Club, the Lidove Noviny newspaper reported. Abramovich, known for his close relations to Russian leader Vladimir Putin, is mulling a full or a partial exit from Chelsea after the U.K. government didn't renew his visa this year.

Trailblazing rate hikes herald end of an era for Czech bonds

Bloomberg |
17 October 2018

After bingeing on short-term bonds with negative yields, the Czech government is betting the fastest run of rate hikes in Europe will lure investors to its longer debt.

Rate-hike hat trick turns costly Czech debt into cheap haven

Bloomberg |
1 October 2018

Thanks to its trailblazing central bank, the Czech Republic's government bonds have morphed from some of the costliest in the world to cheap haven asset.

Czech coal baron says protests are PR stunt by rival

Bloomberg |
27 September 2018

A businessman who became one of the richest in the Czech Republic a decade ago now says he's besieged by phony protesters dressed as coal miners demonstrating outside his estate in Hilton Head Island, South Carolina.

Czech support for EU memberships jumps countering populist wave

Bloomberg |
3 July 2018

For the first time in almost eight years, more than half of Czechs say that membership in the European Union is better than striking out on their own. A survey by the Prague-based polling company Stem showed 53% of Czechs would vote to join the EU again, compared with 45% a year ago.

Money split on bets for imminent Czech interest-rate hike

Bloomberg |
22 June 2018

Investors are intensifying pressure on the Czech central bank to raise borrowing costs next week after a string of verbal interventions failed to prop up the weaker-than-expected koruna.

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