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Applications invited: Assistant, CzechTrade Chicago Applications invited for the position of Assistant – CzechTrade Chicago

OECD predictions on further development of the Czech Republic OECD President Angel Gurría has stated in an interview for daily Lidové noviny that the Czech Republic is among the less endangered parts of Europe. The banking system in CR is less vulnerable and the currency is stable. According to Mr. Gurría, the crisis in the euro area became deeper due to the p ...

Czech government deficit estimated at 3.7% of GDP in 2011 The 2011 government sector deficit is estimated at CZK 142 bln, i.e. approx. 3.7% of GDP. This means a year-on-year improvement of 1.1%. According to a statement of the Ministry of Finance, this is a CZK 12 bln improvement compared to the April estimates, as the original plan counted on a deficit of ...

Production of new passenger cars in the Czech Republic grew by 12.1% A total of 997,506 new passenger cars were produced in the Czech Republic in the first ten months of 2011, up 12.1% y/y. This stems from the data from the Automotive Industry Association (Auto SAP) . Total passenger car exports grew by 12% y/y and exceeded 1.126 mln units. Domestic sales increased b ...

The Czech koruna is currently depreciating The Czech koruna is losing on the monetary markets. According to Komerční banka ´s analytical team, recent sales are attributable to both higher risk aversion related to further escalation of the euro debt crisis and to the rapidly worsening outlook of eurozone´s and Czech Republic´s economic growth ...

News from the Czech economy The Czech Republic´s gross domestic product stagnated in Q3 2011 in the quarter-on-quarter comparison, according to the preliminary estimate by the Czech Statistical Office (ČSÚ). The y/y growth reached 1.5%. The authority says that the trend of gradual slowdown of the economic performance has thus ...

New EU funding on transportation projects in the Czech Republic approved The European Commission has confirmed over CZK 7 bln for transportation projects in the Czech Republic . According to the Road and Highway Directorate of the Czech Republic, EU will support the D1 highway project in Kroměříž – Říkovice section and the R55 speedway in Skalka – Hulín section for CZK 6 ...

Increase in coal prices has a positive impact on incrase of NWR`s revenues Coal company NWR ´s consolidated revenues in the first nine months of eth year totalled EUR 1.24 bln (ca. CZK 32 bln), up 10% y/y. According to NWR (New World Resources), the revenues were influenced positively by the increase in coal prices. The net profit in the monitored period dropped by 26% to ...

Czech banks lost CZK 9 bln due to debt crisis in Greece The top Czech banks lost almost CZK 9 bln due to the debt crisis in Greece, daily Lidové noviny wrote. Komerční Banka had to write off the highest sum – over CZK 4 bln. ČSOB and UniCredit Bank lost over CZK 2 bln each. On the other hand, Česká Spořitelna has not invested into Greek bonds, which is r ...

The quality of foodstuffs in the West is substantially higher than in the former Eastern bloc The quality of foodstuffs in the West is substantially higher than in the former Eastern bloc, daily Hospodářské noviny writes. The test held by Hospodářské noviny, which selected the cheapest foodstuffs from various countries, has confirmed that in Germany and Austria meat products consist predomin ...