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Archive for February, 2008

Czech crown firms to record Kc25.09/EUR

The Czech crown gained to an all-time high of Kc25.09/EUR this morning boosted by the excellent GDP growth for 2007, and also set a record to the dollar at Kc17.12/USD, Patria Finance analyst Tomas Vlk told.
Then the crown weakened to Kc25.20/EUR and Kc17.20/USD where it stood after 9:30 a.m.

Prague bourse goes up again

Prague bourse recorded major gains again at the close of Wednesday’s session and was erasing its previous losses, with the headline index PX up 3.01 percent at 1,569.9 points.
Analysts suggested already on Tuesday that the situation has returned to normal for the most part after hefty losses at the beginning of the year. Wednesday’s trading [...]

Czech economic growth slows to 6.1 pct in 2007

Czech economy grew by 6.1 percent last year after a record growth of 6.4 percent in 2006, analysts polled by Czech Press Agency said.
In Q4 alone GDP growth is projected by analysts to have slowed to 5.2-5.7 percent from 6 percent in Q3 on a slower growth of household consumption due to higher inflation. Still, [...]

Record 2.46m films on DVD sold in CzechRep in 2007

Sales of films on DVD in the Czech Republic grew by 13 percent to a record 2.464 million last year, according to data of DVD Group.cz.
Sales in the Czech Republic and Slovakia grew by 14 percent to 2.95 million DVDs last year. In addition to this, nearly 60 million DVDs were distributed with newspapers, which [...]

Number of companies set up in CR in 2007 highest in 5 years

A total of 22,507 companies were set up in the Czech Republic last year, up 27 percent against 2006 and the highest number in the last five years, according to data of the Cekia agency.
“Interest in business activities in the Czech Republic is growing in connection with economic boom,” Cekia board member Petra Dolezalova said, [...]

Low-cost airlines raise passenger numbers in Prague by one-fifth

Low-cost airlines raised passenger numbers at the Prague-Ruzyne airport by more than one-fifth to 2.8 million in 2007, Eva Krejci, spokeswoman of the Letiste Praha company which runs the airport, said.
Low-cost airlines had a 22.4 percent market share in Prague last year, up by 2.4 percentage point. Overall, the airport cleared a record 12.4 million [...]

Czech 2007 foreign trade surplus doubled the record 2006 figure

Czech foreign trade showed a surplus of Kc86.1bn last year, more than double the record-high figure seen in 2006, the Czech Statistical Office (CSU) said today.
The improvement came largely thanks to a higher surplus in the category of machinery and transport equipment, a lower deficit in trade in mineral fuels and a shift from a [...]

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