The Czech National Bank’s move Thursday to raise its key two week repo rates by 0.25 percentage points to 0.5 percent was hardly a surprise and the Czech crown strengthened little as a result. Previous evidence had shown that central bank members had already been on the verge of raising rates at the previous session.
The ride-sharing service Uber is back on the road in Brno after the Supreme Court in Olomouc temporarily overturned a ban on its services in the Czech Republic’s second largest city. This is the second time that such a ban has been invalidated by a higher instance court in a protracted battle between Brno’s taxi drivers and Uber.
Czech president burns giant red underpants at press briefing
Restoration work on Prague’s Astronomical Clock reveals hidden secrets
Czech restaurants and pubs facing serious shortage of workers
Václav Klaus: Russia not a threat to Czech Republic, unlike EU
Ozzy Osbourne performing in Prague with Hollywood Vampires, featuring Johnny Depp