Business
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Czech central banker: economic outlook ‘pessimistic’ but coronavirus impact can be mitigated
To counter the economic impact of the coronavirus, the Czech National Bank has twice this month cut interest rates, which now stand at 1 percent. But it has balked at…
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Economist Tomáš Sedláček: A positive look at the coronavirus crisis
The economy should be put in neutral gear and people should take a break. That is the key recommendation of Czech economist Tomáš Sedláček for the coming weeks. He is the…
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State to raise money via bonds, give central bank freer hand
The Czech government plans to obtain finance in the wake of the coronavirus crisis through loans and the sale of bonds, the minister of finance, Alena Schillerová, said on…
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“The target is a good economy after the crisis” – Unions chief welcomes short-time work scheme
Among the many coronavirus measures introduced by the Czech government is a “kurzarbeit”, or short-time working, programme. Under the scheme the state will make up some of…
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Czech mothers enjoy one of the longest parental leaves, but find returning to work hard
While mothers in the Czech Republic enjoy one of the longest parental leaves in the world, they also experience serious setbacks when returning to work. Studies have shown…
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ING forecast: Czech Republic to show negative GDP for 2020
ING’s latest economic and financial analysis on the economic costs of Covid-19 predicts the Czech Republic will show negative GDP for full-year 2020. The volatility of the…
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Coronavirus: 1 in 5 Czech businesses impacted by quarantine measures, HK ČR survey shows
The government’s recent measures to prevent the spread of the novel coronavirus have impacted around 20 percent of businesses in the country, a lightning survey conducted…
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Coronavirus: Czech cabinet, central bank take further measures to bolster economy
The Czech government and central bank have announced further measures to offset the impact of the coronavirus on large firms, small businesses and households. While…
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Prague Stock Exchange falls to its lowest since economic crisis in 2009
This Monday morning the Prague Stock Exchange (PX) fell to its lowest point since the economic crisis in April 2009, after losing 30 percent of value over the past month…
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Food reserves in Czech Republic sufficient except for pork, says agriculture minister
There is a sufficient quantity of food reserves in the Czech Republic, with food processors having prepared plans and supply routes secured, according to the Ministry of…
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Central bank chief: Economy in good shape to face global downturn
The Czech economy is in relatively good condition to face a potential global economic downturn, the governor of the Czech National Bank, Jiří Rusnok, said on Czech…
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Coronavirus spurs Czech sales of freezers, game consoles, air purifiers
Czech retailers have recorded a steep rise in sales of freezers, game consoles and air purifiers along with the spread of coronavirus, along with non-perishable foodstuffs…
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