Wednesday, 21 October 2020


Unipetrol posts profit helped by demand, margins

Bloomberg |
1 September 2010

Unipetrol, the Czech Republic's largest refiner, posted a second-quarter profit after demand for refinery products rebounded and margins improved.

Central banker says period of low rates 'ended'

Bloomberg |
27 August 2010

Central bank board member Kamil Janáček said policy makers will “certainly” discuss the level of interest rates at their next meeting given the growth of exports and rising commodity prices.

Czechs won't provide Greek aid, will support EU expansion, Kurier reports

Bloomberg |
26 August 2010

The Czech government will not participate in a program to help Greece in its economic problems, Premier Petr Nečas told Austrian newspaper Kurier in an interview, without offering greater explanation.

Finance Minister Kalousek seeks overhauled pension program by 2012

Bloomberg |
25 August 2010

Finance Minister Miroslav Kalousek wants changes to the pension program, aimed at reducing the fiscal deficit and improving the country's credit rating, to take effect by 2012.

Nečas says spending cuts may lower 2011 economic output

Bloomberg |
23 August 2010

Prime Minister Petr Nečas said a reduction in spending in the 2011 state budget may lower economic output by as much as 0.7 percentage points from the government's current forecast. The cuts are needed to keep the budget deficit from "pulling down" the economy, Nečas said in an interview on Czech television yesterday. Gross domestic product will grow 1.6% this year and 2.3% in 2011, after shrinking 4.1% in 2009, according to Finance Ministry forecasts.

Czech bond yield declines to record low on S&P rating, confidence vote

Bloomberg |
12 August 2010

Czech 10-year bonds rallied, pushing yields to a record low, after Standard & Poor's said it may raise the country's credit rating and the cabinet won parliamentary backing for its plan to halve the fiscal deficit.

Czech inflation jump may not spark rate increase, Patria, Unicredit say

Bloomberg |
10 August 2010

A jump in the Czech inflation rate to the highest in 16 months may not prompt monetary policy makers to raise interest rates as price growth remains under their 2% target, Patria Finance and UniCredit SpA said.

ArcelorMittal Ostrava optimistic about Evraz talks, chief executive says

Bloomberg |
3 August 2010

ArcelorMittal Ostrava, the Czech unit of the world’s largest steelmaker, is "optimistic" it will renew pig iron supplies to Evraz Vítkovice Steel, its biggest customer, Chief Executive Officer Augustine Kochuparampil said.

Govt won't commit to target date for joining euro, Nečas says

Bloomberg |
30 July 2010

The new government won't commit to a target date for joining the euro, even as exporters suffer from the strengthening koruna, Prime Minister Petr Nečas said. He said the country will benefit from a flexible exchange rate as consumer prices converge with those in richer European Union-member states, and rapid euro adoption would risk fueling inflation. The koruna has gained 3.7% against the euro this month, the most among 177 currencies tracked by Bloomberg.

Koruna extends gains against euro, climbs to highest since 2008

Bloomberg |
29 July 2010

The Czech koruna extended its rally to the strongest level against the euro since November 2008, boosted by automatic purchase orders from investors who previously bet on the koruna weakening.

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