Prague

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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 [...]

Czech citizens can travel freely across almost the whole of Europe without border checks as of today, as the Czech Republic, along with another eight EU newcomers, joined the Schengen area at midnight.
After the entry into NATO in 1999 and into the EU in 2004, this is another significant international event in the Czech Republic’s [...]

The Prague-Ruzyne airport has cleared a record 12 million passengers to date this year, half a million more than in the full of last year and 7.3 percent more than in the same period of last year, the airport said in a press release today.
“We expect passenger numbers to get close to 12.5 million by [...]

Czech ministers and representatives of the European Commission today signed nine operational programmes enabling the Czech Republic to draw EUR14bn (around Kc365bn) from EU funds in the years to come.
The amount makes up around half of the sum the Czech Republic can draw from EU funds in 2007-2013. The operational programmes include the Transport programme, [...]

Czech building output grew by 3.5 percent year-on-year in October after a 1.8 drop in September, the Czech Statistical Office (CSU) said.
Adjusted for workdays, construction output rose by 2 percent in October. Month-on-month, seasonally adjusted building output added a real 0.9 percent.
The value of building projects permitted in October grew by 9.9 percent year-on-year to [...]

Czech November inflation was 1.1 percentage point higher than the Czech National Bank had forecast, CNB section head Tomas Holub told CTK.
Like in October, the reason were faster-than-expected food prices.
In October, inflation was 0.2 percentage points above the CNB target, and in the preceding months lower than the target.
Motor fuel prices were also higher in [...]

Prague - The Czech crown this morning broke through the Kc26.00/EUR level for the first time ever and at one point traded at Kc25.97/EUR, following the publication of November inflation data, the highest figure in the last six years, Patria Online server said.
The unit also gained to the dollar, to Kc17.72/$.
The inflation figure was much [...]