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06/13/2008
The Czech crown hit a new record high of 24.13 crowns to the euro on Friday as it continued in recent strengthening against Europe's single currency. After gaining 0.10 crowns against the euro, the currency weakened to around 24.20 in later trading. The strengthening crown has placed the Czech National Bank in a difficult position over whether it should raise interest rates in a bid to curb ongoing inflationary pressure. While a rate increase could help it counter prices rises, it would also fuel the crown's appreciation, which the bank has already described as exaggerated, and brake economic growth.
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06/13/2008
A representative at the Czech foreign ministry has revealed that some 17 Czech police officers, fluent in Serbo-Croatian, will serve on the Croatian coast between the end of June and the beginning of September. They will be there to assist Czech tourists as well as to ease communication with local authorities. Croatia remains the top summer destination for many Czech vacationers: this year there are estimates that more than 1 million Czechs will visit, up from more than 700,000 last year.
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06/13/2008
The Czech Republic has booked a slot at the Beijing Olympics with quarter-final victories in the women's Olympic Qualifying Tournament in Madrid. The Czechs had to overturn a 10-point deficit early on before defeating Japan 76-64. Forward Eva Vítečková and shooting guard Hana Machová led the way with 26 and 19 points respectively.
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06/12/2008
Czech Foreign Minister Karel Schwarzenberg has staked his political future on the Czech Parliament approving plans for a US radar base in the Czech Republic. Mr Schwarzenberg said that if the government failed to push a bilateral agreement on the base through Parliament in the coming months, then he would step aside to let a “better” foreign minister succeed where he had failed. In an interview with Reuters news agency, Mr Schwarzenberg said he was not sure of the government’s chances of success with the radar base treaty since the majority of the population is against the base and a large number of MPs are strongly opposed.
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06/12/2008
A car with an explosive device attached was discovered last week near a busy mall in Prague, the newspaper Deník reported on Thursday. A police spokesperson told the daily, however, that the explosive device was not functional. The civilian counter-intelligence service BIS are cooperating closely with the police on the case, the newspaper wrote. It is not known yet who planted the bomb.
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06/12/2008
The Croatian government has officially overturned a ban it imposed on Czech holidaymakers bringing foodstuffs into the country, in the face of strong opposition. The Czech consul in Zagreb Veronika Honcová broke the news to the Czech press on Thursday. The ban, which came into effect on June 1 this year, angered many Czechs to such an extent that they threatened to boycott the country. Croatia has been a popular tourist resort for Czechs since communist times. Last year, an estimated 800,000 Czechs visited the country.
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06/12/2008
The technical lifespan of almost all of the missiles being used by the Czech military has expired, the Supreme Audit Office said on Thursday. In some cases, a missile’s expiry date had been exceeded over three times. The president of the Audit Office, František Dohnal, said that this posed a serious security risk and that the reliable use of these missiles could no longer be guaranteed. The military has just bought 16 new Swedish RBS missiles, though it still has some missile systems in place dating from the Cold War era.
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06/12/2008
Czech president Václav Klaus has called the euro “no great success” and has said that the common European currency could soon face a “serious crisis” in a comment piece for the Financial Times on Thursday. Mr Klaus added that growth in the eurozone was slower than in the United States and the European Union as a whole, and said therefore that it was “uncertain” whether the single European currency should be celebrated. President Klaus has long been an outspoken critic of the euro. In April, Czech Prime Minister Mirek Topolánek advised against a hasty adoption of the euro in the Czech Republic. His government has refused to set a target date for it.
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06/12/2008
In related news, President Klaus is set to stay in hospital, where he is currently recovering from a hip operation, for longer than expected. Doctors at Prague’s Bulovka hospital advised the president to prolong his stay in their facility by a couple of days, which Mr Klaus has decided to do. His spokesperson made the announcement on Thursday, adding that the operation had been successful and that Mr Klaus was in a good state of health. He is expected to be discharged from hospital by the beginning of next week. The president’s recovery from the hip-replacement surgery is to last three months, he is unlikely to be out of the office all this time.
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06/12/2008
The number of children being born in the Czech Republic is on the rise. In the first quarter of this year, some 28,500 births were registered, a figure up 1500 on that of the same period last year. Data released by the Czech Statistical Office on Thursday suggested that in total 10.4 million people are currently living in the Czech Republic. This figure is 20,000 higher than at the end of last year.
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