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Business NewsBusiness News
In Business news this week: Czech crown falls to its lowest to the dollar
since July 2010; Česká spořitelna withdraws from legal battle over
bankrupt lottery firm Sazka; Czech foreign debt reaches 49 percent of GDP;
sales of alcoholic beverages took another slump this year; and Czech
Republic’s Vietnamese community launches its own discount website. More
Business NewsBusiness News
In Business News this week: the economy slows down suggesting even bleaker
outlooks; the Czech crown loses its lustre for investors; Czech banks lose
billions in the Greek debt crisis; President Klaus vetoes a bill
introducing criminal liability for corporations; firms increasingly
introduce loyalty programmes to keep customers; and Czech Post will launch
“great parcel revolution”. More
Current AffairsCzech economy gets taste of deflation but prices seen returning upward
Prices are falling in the Czech Republic according to the latest official
figures. While that might seem to be a cause for celebration for shoppers
the phenomenon of deflation usually sends a chill down the spine of
economists and politicians. We look at the latest figures and the deflation
danger.
More
Business NewsBusiness News
In this week’s Business News: the rebounding budget proposal; the
ever-strengthening crown; new bosses to pilot Czech Airlines; a sour taste
for a top coffee seller; and a political boost for the ad sector.
More
Business NewsBusiness News
In Business News this week: the government presents its anti-crisis plan
hot on the heels of a shares and currency meltdown; the home loans market
shows deeper signs of suffering; a potential rival to ČEZ shapes up; and
the energy giant seeks to change its image.
More
Current AffairsAll down for the crown?
The Czech crown has plunged against the euro and US dollar in recent weeks
on fears over the health of the local and Central European economies. It has
fallen 10 percent against the euro and 19 percent against the dollar so far
this year, making Czech exports cheaper but foreign holidays more
expensive. I asked Patria Finance analyst Tomáš Vlk how low the crown can
go and whether the slide is good or bad news for the future.
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