Tuesday, 17 July 2018


OECD: 'Overheating' Czech economy may warrant faster policy tightening

Reuters |
17 July 2018

The "overheating" of the Czech economy, visible mainly in the tight labor market, may lead to faster interest rate rises than anticipated, the OECD said in a report on Monday.

Czech PM says ČEZ could expand in nuclear via subsidiary

Reuters |
16 July 2018

Czech Prime Minister Andrej Babis said state-controlled utility CEZ could expand its nuclear capacity via a subsidiary, and reiterated his opposition to splitting the company.

Czech PM Babiš wins vote of confidence for new Cabinet

Reuters |
12 July 2018

The Czech lower house of parliament gave its backing early on Thursday for a new, center-left minority Cabinet led by billionaire Andrej Babiš, ending his nearly nine-month struggle to secure a parliamentary majority, an unofficial vote count showed.

Czech crown falls to near 11-month low against euro

Reuters |
4 July 2018

The Czech crown fell to a near 11-month low against the euro on Tuesday, succumbing to selling pressure in emerging markets less than a week after a central bank interest rate hike.

Communist party agrees to back minority gov't

Reuters |
2 July 2018

The Communist Party agreed on Saturday to help a minority cabinet led by PM Andrej Babiš survive a vote of confidence, clearing the way for the billionaire businessman to govern after winning an election in October. The Communist Party leadership gave its approval even though Babiš refused some of their demands. One was for cutbacks in the Czech contribution to NATO military missions abroad; another for representation on the supervisory board of the biggest state-controlled company, electricity producer ČEZ.

Czech central bank opts for quick rate hike as crown wallows

Reuters |
28 June 2018

The Czech central bank raised its benchmark interest rate by 25 basis points on Wednesday, as a weakening currency and rising pressures in Europe's tightest labour market led it to shift policy sooner than expected.

New government to seek confidence vote on July 11

Reuters |
28 June 2018

The new Czech minority government will seek a parliamentary confidence vote on July 11, Prime Minister Andrej Babis said on Wednesday.

Czech anti-monopoly watchdog clears CITIC takeover of CEFC's Czech assets

Reuters |
26 June 2018

The Czech anti-monopoly office UOHS has cleared Chinese state-owned CITIC Group Corporation's takeover of most of the Czech-based assets held by China's struggling conglomerate CEFC, the watchdog said on Monday.

Czech government reshuffles ČEZ supervisory board

Reuters |
25 June 2018

The Czech government, a 70-percent owner of electricity producer ČEZ, replaced three members of the firm's powerful supervisory board at an annual general meeting on Saturday, a company spokesman said.

Czech cola group Kofola adds Slovak mineral water to portfolio

Reuters |
22 June 2018

Czech soft drinks company Kofola Ceskoslovensko said on Thursday it had acquired the Slovak mineral water company Klastorna, expanding its portfolio in central Europe.

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