Related articles
Current AffairsDays numbered for 50 crown banknote
The days of the pale-red 50 crown banknote, featuring the likeness of Saint
Agnes of Bohemia, are numbered. In an aim to cut back on costs, the Czech
National Bank announced the paper 50 would be taken out of circulation by
the spring of 2011. It will be fully replaced by the copper and zinc 50,
which has gradually dominated the bill in recent years. More
Letter from PragueCzechs are good at managing their money and property
In the midst of a financial crisis it is good to know that Czechs know how
to manage their money and property. Not that you would think so just by
talking to people – we do grumble occasionally about steep prices and
making ends meet. But according to a survey that GE Money Bank conducted in
the post-communist states Czechs have a high level of financial literacy,
getting the best grade in the Smart Money Index that GE uses to compare the
financial behaviour of households in individual countries.
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
Business NewsBusiness News
In Business News this week: the Czech power giant ČEZ announces plans to
build Europe’s largest onshore wind farm; the average monthly salary in
the Czech Republic is up 8 percent, but high inflation means real growth is
at its lowest in a decade; Hyundai is reported to be three-months ahead of
schedule for the beginning of production at its new plant in Moravia; two
Czech firms develop a special car that could prove very useful for
wheelchair users; and spend those hellers! – the aluminium coins cease to
be legal tender at midnight on Sunday.
More
Business NewsBusiness News
In Business News this week: following panic selling earlier in the week,
the Prague Stock Exchange sees its biggest rise in almost 15 years; the
number of credit cards issued rises by a whopping 40 percent in one year;
Czech Railways begins selling Sky Europe flight tickets at selected train
stations; and cinema takings reach record figures, with a third of viewers
attending Czech movies.
More
+1
