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Czech Republic
Moody's: Overall Fiscal Situation In CEE Is Improving
Because of austerity measures in most of the countries, the economic situation is slowly but steadily improving.However, the latest competitiveness report pains a bleak picture of the future.
June 7, 2013
WIIW: FDI in CESEE to Decline
The Vienna Institute for Economic Studies (WIIW) forecasts a decrease of 20 percent in foreign direct investments.
June 7, 2013
Croatia to Expect Disciplinary Procedure by EU
The Ex-Yugoslavian country has to face harder scrutinizing than its CESEE peers which joined the EU in the last decade.
June 5, 2013
Lopatka: "Visa Cooperation Reinforces Mutual Ties Between Austria and the Czech Republic"
Austrian State-Secretary on the signing of a new agreement and working meetings in Prague.
June 4, 2013
Czech Republic: Dumping Offers for Building of Highway
Major construction companies screw down prices for the building of a highway segment from Linz to Prague.
June 3, 2013
Czech Repubic to Restrict Budget Cuts
To boost domestic economy, the Finance Ministry announced to temporarily restrict budget cuts.
May 31, 2013
Czech Republic Not to Introduce Euro Before 2019
According to reports by the Czech media, the new government intends to apply for the Euro only in 2016.
May 31, 2013
Czech Republic: Russia to Offer Significant Investments in Return for Temelin Tender
Czech Prime Minister Necas emphasized on the transparency of the decision.
May 28, 2013
Zeman Demands Stock Exchange for CEE
Czech President Milos Zeman has declared himself in favor of the merger of the stock exchanges in Prague and Warsaw.
May 24, 2013
IMF Recommends Czech Government to Reduce Budget Cuts
With worse-than-expected current economic circumstances the IMF recommends the Czech Republic to moderate budget cuts.
May 22, 2013
Raiffeisen Centrobank to Join Prague Stock Exchange
Raiffeisen Centrobank joins the Prague Stock Exchange as trading member.
May 22, 2013
MotoGP™ and bwin Continue Partnership Until 2015
Commercial rights holder of the MotoGP™ World Championship, Dorna Sports, and bwin, Europe’s largest sports book, announce a two-year extension of their longstanding partnership which began in 2004.
May 22, 2013
Majority of Czechs Want to Keep the Koruna
A clear majority of Czech citizens reject the Euro and want to keep their national currency, the Czech Koruna.
May 14, 2013
Main Investors at CEE Stock Exchange Group from US
Institutional Investors and the CEE Stock Exchange Group in 2012.
May 13, 2013
Bulgaria: CEZ to Keep License
Former PM Borisov had been critical of CEZ in Bulgaria. Energy Minister Vasilev annouced the power supplier would not lose its license.
May 13, 2013
CEESE: Economic Growth Stagnant
Orban claims Hungary is the country with the highest growth rate in CEE/CESEE next year.
May 10, 2013
Czech Republic: Extraordinary Income Boosts CEZ Results
Increase in net profits by 24 % results from revenues from the certificates and integrations.
May 8, 2013
Czech Republic to Improve EU Relations?
Visits from high EU officials should herald the start of a new era in the relation between the Czech Republic and the EU.
May 3, 2013
Turkey: CEZ Partner to Sell Stakes
CEZ's Turkish JV partner Akkok in talks about possible sale of its stake in SEDAS
April 30, 2013
EU Ready to Adopt Measures Over CEZ in Bulgaria
Van Rompuy promised to take actions during his visit in Prague.
April 29, 2013
Czech Republic: New Rounds of Negotiations for Temelin Tender
Czech power provider CEZ has started another round of talks with bidders in the offer to extend the Temelin nuclear power plant in southern Bohemia.
April 24, 2013
Czech Republic: Schwarzenberg Threatens to Leave Government
Statements made by Czech President Milos Zeman concerning the dispute about the appointment of ambassadors during his recent visit in Vienna, have incensed Czech Foreign Minister Karel Schwarzenberg.
April 24, 2013
Czech President to Visit Austria
New President of the Czech Republic Milos Zeman is going to visit Austria with his wife Ivana Zemanova on Tuesday and Wednesday.
April 22, 2013
Schwarzenberg: „Slovenia Joining V4 Would Not Be Efficient“
V4 Foreign Ministers have declared disapprobation of Slovenia joining the group.
April 19, 2013
Spar: Expanding in Hungary
Spar Austria Group intends to expand the meat plant near Budapest and the entire branch network in Hungary.
April 18, 2013
Poland: Favorable Forecast Despite of Recession in 2013
Poland’s economy is the biggest among the younger member states and continues to grow even with the current recession.
April 17, 2013
Czech Republic and Russia to Enhance Economic Relations
Minister of Industry and Trade Martin Kuba supported deepening of economic relations with Tatarstan. The cooperation with Russian regions is very important for the Czech Republic.
April 16, 2013
Czech Republic: Finance Ministry Worsens Economic Outlook
In an updated macroeconomic forecast for the economic development, the Czech Finance Ministry deteriorated the country’s outlook.
April 16, 2013
Czech Republic: Fight over Diplomatic Posts
Prague currently sees a duel between ambassadors for the filling of a post. President Milos Zeman and the Foreign Ministry both want to have a say in the final decision.
April 15, 2013
New Fiscal Rules in EU Six-Pack to Benefit CEE5
New fiscal rules should reduce risk of self-defeating austerity. There is no need for CEE countries to raise taxes if they stick to growth-friendly policies and cap real increase of expenditures below 1%.
April 15, 2013
Czech Republic: 5.7 % Decrease of Industrial Production.
In February 2013, industrial production decreased at constant prices by 5.7%, year-on-year; working day adjusted decreased by 1.6%. Compared to the previous month, seasonally adjusted industrial production was higher by 1.6%.
April 9, 2013
Fitch: Poland Best Placed For Economic Recovery
In a statement regarding a report on the need of structural reforms in the CESEE region, rating agency Fitch awarded Poland the best position for an economic recovery among five countries.
April 9, 2013
Czech Republic: Exports and Imports Decreased Considerably
In February 2013, according to preliminary data of ‘cross−border statistics’, exports and imports at current prices fell by 3.6% and 4.4%, year-on-year (y−o−y), respectively.
April 9, 2013
Czech President Zeman Wants Slovenia As 5th Visegrad Member
The proposal made by Czech’s president Milos Zeman does not arouse enthousiasm among Slovak citizens.
April 6, 2013
Law Files Against Bulgaria from EVN and CEZ.
Power Suppliers EVN, CEZ and Energo Pro have to face high losses. CEZ announced to file a law against Bulgaria as well.
April 3, 2013
Czech Republic: Disinflation Continues
Analysts expect Czech economy to grow by 1.7 % next year.
March 29, 2013
Strabag: Defends Its Number 1 in Czech Republic
In a survey, 302 public customers have chosen Austrian construction enterprise Strabac to be the best in its sector. Swietelski follows on 2nd place.
March 28, 2013
CESEE: CR More Attractive for FDI Than SK
Foreign investors regard the Czech Republic more attractive than Slovakia.
March 27, 2013
Czech Republic: EGAP Covered Exports of CZK 72bn
Minister of Industry and Trade, Martin Kuba says: EGAP will focus more on supporting small and medium-size enterprises
March 27, 2013
Czech Republic: Gazprom to Build New Gas Storage Tanks
Gazprom and MND Group are going to invest € 100m in a gas storage facility near the Austrian border.
March 26, 2013
Czech Republic: Confidence in Domestic Economy Inreased Marginally
Overall confidence in domestic economy increased slightly in March. The composite confidence indicator (economic sentiment indicator) increased by 0.2 points compared to February.
March 25, 2013
Hungary: In a Debt Crisis Soon?
New all-time high in debts was reported. Hungarian populations hopes for fast political turn-around.
March 22, 2013
EVN to Start Arbitration Procedure
Today, Austrian power supply company EVN informed the state of Bulgaria about opening arbitration proceedings.
March 19, 2013
Czech Republic: Opposition Rejects Austerity Measures
Opposition leader Sobotka was re-elected last Friday as chairman of the Social Democrats. In an interview with Reuters he explains why the government needs to slow down on austerity measures.
March 18, 2013
CSA: Korean Air Gets In
The South Korean airline will take over the publicly held stake in the loss-making Czech carrier.
March 16, 2013
Czech Republic: Contruction Industry Sees Further Declines
In January 2013 the construction output declined by 9.3%, year-on-year (y-o-y). The planning and building control authorities granted by 4.1% more building permits, y-o-y, and the approximate value of permitted constructions dropped by 31.7%, y-o-y.
March 15, 2013
Czech Republic: Industrial Production Decreased by 4.1%
In January 2013, industrial production decreased at constant prices by 4.1%, year-on-year. Compared to the previous month, seasonally adjusted industrial production was the same as in December 2012. The value of new orders decreased by 7.6%, y-o-y.
March 15, 2013
Czech Republic: Population Grows Slightly
In 2012, the population of the Czech Republic increased by 10.7 thousand to 10 516.1 thousand persons.
March 14, 2013
Czech Republic: Highest Internet Retail Sales in 26 Months
Highest growth rates in internet retail and house order sales and IT/communication equipments.
March 14, 2013
Improvement on the Czech Commercial Real Estate Market in Sight?
Bank Austria sees anti-cyclical investment opportunities in the Czech Republic and CEE. The Czech Republic offers a low country risk and transparent real estate market.
March 13, 2013
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