Related articles
Current AffairsCzech banks sheltered from financial crisis, says central bank
Many in the Czech Republic have watched the turmoil on the global financial
markets with unease, especially as the crisis spread to affect a number of
yEuropean banks. But what about the banking sector in the Czech Republic?
Should Czechs be worried about similar problems developing here?
More
Business NewsBusiness News
In this week's Business News: The global financial squeeze affects the
Czech Republic; businesses also feel the effects; a Czech language version
of Youtube is to be launched; eyebrows are raised as terrorism legislation
contains giveaways to the gambling industry and how big pharmaceutical
companies are trying to buy Czech doctors.
More
Current AffairsDeputy PM's Roma plan raises eyebrows
Jíří Čunek, the country’s Deputy PM and Minister for Regional
Development has been in trouble several times for his actions and
statements regarding Czech Roma. This week, the Christian Democrat leader
announced a plan to solve the so-called Roma problem within 10 years. The
solution, to segregate Roma into various categories according to their
willingness to be “civilized” has raised some eyebrows.
More
Current AffairsGlobal financial turmoil to slow down Czech economy
The global financial crisis, fuelled by the recent fall of Wall Street’s
number four investment bank Lehman Brothers, has already hit markets in
Central and Eastern Europe. Although no bankruptcies of mortgage providers
on the national level are expected, the Czech economy will face a slow down
as a result.
More
Current AffairsCzech government still making no plans for euro-adoption
Despite its fast-paced economic growth and strong currency the Czech
Republic will most likely be one of the last countries in central Europe to
join the eurozone. If Poland meets its target to adopt the common European
currency in 2011, all of the Czech Republic’s neighbours will be using
the euro in less than two and a half year’s time. The president of the
European Commission, Jose Barosso, last week urged the Czech Republic to
set a target date for euro adoption, but it seems unlikely that the date
will be set this year. I spoke to economist Tomáš Sedláček and began by
asking him why the Czech government is so unwilling to commit:
More
Business NewsBusiness News
In Business News this week: Czech business leaders, feeling the squeeze of
the strong crown, call for a euro adoption target date – not this year,
says the government; Prague Airport is shedding a 10th of its workforce
ahead of its planned privatisation; the Czech Republic ranks among the
worst states in an international study of how long it takes to deal with
taxes; the number of debit and credit cards issued by Czech banks keeps
increasing; and two Czech firms rank in the first five in a regional Top
500.
More
Letter from PragueLong history comes to end with discontinuation of heller coin
So, the heller is no more. Last Monday, five years after the disappearance
of 10- and 20-heller pieces, the 50-heller coin ceased to be legal tender.
I have to say it was rather hard to take hellers seriously, given that they
were worth almost nothing, were as light as a feather, and made of
aluminium.
More
+1
+10
