Monday, 28 September 2020


Election favorite faces loss of immunity before vote

Bloomberg |
21 August 2017

Czech lawmakers launched a process to strip billionaire Andrej Babis of his parliamentary immunity over fraud allegations, the biggest challenge to his ambition to lead the country's next government after October elections.

'We don't want the euro', says Czech tycoon poised to be premier

Bloomberg |
26 June 2017

The Czech Republic won’t be joining the euro anytime soon, if the billionaire who’s poised to be the country’s next prime minister has anything to do with it.

Paternity leave to be available in 2018

Bloomberg |
15 June 2017

As many as 80,000 new fathers in the Czech Republic—more than 70 percent of the yearly total—are expected to take advantage of a newly established paternity leave providing seven days off work at as much as 70 percent of salary, according to a senior ministry of labor and social affairs official.

Czech prince call Soros best hope for eastern Europe democracy

Bloomberg |
18 May 2017

Eastern Europe still needs people like George Soros to prevent a slide back into the authoritarianism of the past, said Karel Schwarzenberg, a diplomat prince who's known the financier for 30 years.

When the Czechs said they're not the Swiss, they really meant it

Bloomberg |
18 May 2017

The Czech central bank went the extra mile to convince investors that it's not like its Swiss counterpart, and then it showed everybody why. Six weeks after policy makers in Prague removed the regime limiting currency gains, the koruna has barely moved and remains one of the least volatile currencies in the world.

Czech leader vows more pressure on foreign investors over wages

Bloomberg |
19 April 2017

Foreign owners of Czech businesses will face more government pressure to raise wages, Prime Minister Bohuslav Sobotka said, highlighting a key campaign theme for fall elections. Salaries in the richest ex-communist European Union member are still too low and represent a "serious problem" for the economy, the premier said after meeting with union leaders in Prague on Tuesday.

What might happen when Czechs let Koruna run free: Quick take Q&A

Bloomberg |
30 March 2017

The koruna is on the brink of freedom. For more than three years, the Czech Republic’s central bank has shackled its currency from rising too far against the euro, in an effort to ward off deflation.

Billionaire ignites debate over who's rich before Czech election

Bloomberg |
27 February 2017

Czech billionaire Finance Minister Andrej Babis took aim against his governing partner, Prime Minister Bohuslav Sobotka, by challenging his proposal on how to tax the rich before fall elections. Babis, whose ANO party leads opinion polls ahead of this fall's parliamentary ballot, vowed to cut income tax for earners with monthly salaries of less than CZK 113,000 and keep levies for everyone else unchanged.

Inflation drowns out Czech central bank's koruna cap message

Bloomberg |
31 January 2017

The Czech central bank's communications offensive may be falling on deaf ears. Policy makers in Prague launched a media push this month to convince investors that a sudden spike in inflation isn't changing their view that they'll probably scrap the Swiss-inspired currency cap mid-year.

Central banker says negative rates may help end koruna cap

Bloomberg |
9 December 2016

Policy makers in Prague may introduce negative interest rates to discourage inflows into the koruna around the time they are ending their three-year-old limit on the exchange rate, a policy maker said.

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