Czech Republic: Stock Exchange Reacts to Election Results

Business › n.a. ♦ Published: October 30, 2013; 20:50 ♦ (Vindobona)

After the general elections the Prague Stock Exchange (BCPP) grew significantly since corporate taxes, as threatened by the policymakers, will not be introduced.

Czech Republic: Stock Exchange Reacts to Election Results / Picture: © BCPP Prague Stock Exchange

The PX index at the Prague Stock Exchange grew by 2.68 percent and now comes at almost 1,017.29 points, which is the highest rate since March this year. The significant growth is based on the results on the elections of the lower house of parliament which lowered the risk of a rise of corporate tax income, according to Josef Nemy at Komercni banka, which was among the enterprises with…

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