Prague

According to the latest Local Development Ministry data mortgage banks on the Czech market granted 83,344 new mortgage loans worth over Kc142bn to individuals in 2007.
In Prague alone, mortgage banks provided 24,000 loans worth Kc54.5bn and in the second largest Czech city, Brno, Kc13.4bn worth of them.
Overall, the volume of mortgage loans granted to individuals, [...]

As the crises deepens on the world financial markets, share prices on the Prague Stock Exchange (BCPP) sank to the lowest level in over fifteen months. The PX index lost 4.62 percent to 1,489.6 points, according to the bourse results.
Power company CEZ, the most traded title on the bourse, shed over 5 percent to Kc1,170.
Dealers [...]

Panics of global markets shattered Prague bourse, it lost all earnings from 2007. Further, what started as morgage crises in US is comming with real influence to Eastern European economies. Financial crises will truly influence the development not only in 13 countries of Eurozone but also the faster growing Eastern European ones. New assumptions of [...]

The recent acceleration of the Czech Republic’s inflation is rather the result of the coincidence of two factors and will soon end, Czech National Bank governor Zdenek Tuma said at the Euromoney Conference in Vienna today.
“We expect that within 12 to 18 months, inflation will again be around 3 percent,” Tuma said.
The Czech Statistical Office [...]

The Prague bourse fell further today and the loss accumulated since the beginning of this year already exceeds 10 percent, as the PX index shed 1.9 percent to 1,620.2 points, its lowest close since March 6, 2007, the bourse said.
The biggest loser, Erste, dropped 4.44 percent to Kc1,075. developer ECM lost 2.98 percent to Kc846.5 [...]

The Czech crown opened at an all-time high to the dollar today, at Kc17.48/USD, on the dollar’s fall in world markets, Patria Online server said.
Before 10:00 a.m. the crown weakened slightly to Kc17.51/USD. The unit is trading at Kc25.88/EUR, 6 hellers away from its record high to the euro.
The dollar started to lose already on [...]

2007 showed a record 50% growth in newly provided mortgage loans in the Czech Republic.
Ceska sporitelna and Hypotecni banka, the largest mortgage banks on the Czech market, together lent over Kc85bn in mortgage loans last year, and according to estimates of experts, all banks active on the domestic market provided Kc150bn in mortgage loans last [...]