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Current AffairsPrague Stock Exchange continues to see record trading
Investors' pockets have grown a little fatter in the past 12 months, as the
Prague Stock Exchange had a second year of unparalleled growth in 2005,
even reaching the one trillion crown mark for the first time. Analysts are
predicting more of the same in the coming year. And it seems that with more
individual investors returning to the market, the bourse may have finally
shed its shaky past.
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Business NewsBusiness News
In Business News: the Czech crown reached a record high against the euro
this week; the average gross monthly wage grew to almost 19,000 crowns in
the third quarter; the anti-monopoly office has imposed a fine of over 8
million dollars on Cesky Telecom for abusing its market dominance; and the
prices of gas, electricity and heating are set to rise from the start of
next year.
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Current AffairsCNB rate hike signals 'end of the cheap mortgage'
The Czech National Bank surprised the financial markets by announcing a
quarter point higher interest rate of 2.0 percent starting this Monday.
The central bank governor said the board was concerned about inflationary
pressures, in large part due to soaring global oil prices. But the
minister of finance says the rate hike was premature. For the would-be
Czech homeowner, it may spell the end of cheap mortgages.
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Business NewsBusiness briefs
More Czechs commuting long distances for work; EIU: Prague now ranks
world's 55th most expensive city for expats; Over one-quarter of past
decades' big investments located in Central Bohemia; Czech Republic too
slow in spending EU structural funds; Foreign trade surplus of 38bn for
first half of 2005; Czech crown reaches three-year high against the euro
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Business NewsBusiness briefs
Brewer of Pilsner Urquell to pay out $80m in dividends; Half-year results
boost PSE trading to near record high; Bank consortium named in CSA
purchase of 12 Airbuses; CSA takes over sponsorship of FK Slavia from
Carrefour; CNB sees unchanged interest rates over next few quarters,
increased inflation and growth; Electrical engineering sector now Czech
Republic's biggest industry; June saw average mortgage rates drop to 3.75
percent
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One on OneMichal Horacek - Part Two: the world of betting, lyrics, and "Cesko hleda superstar"
In today's 2nd part of a special two-part One on One we continue our
discussion with Michal Horacek - one of the Czech Republic's most
successful lyricists, whose work over the years transformed the Czech
music scene. Long before he became a prominent song writer Michal Horacek
went through a number of different professions: journalist, author, and,
amazingly, horse-race bookie. We begin today's interview with Michal
Horacek describing those who occupied the so-called demimonde.
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Business NewsBusiness briefs
Encouraging economic growth results. Price hikes expected in the summer. Interest rate cuts on mortgage loans. Unemployment rate drops due to seasonal work. Apple Computer to open shop in Czech Republic. Czech Republic benefits from EU membership.
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