Press: Czech state bonds among safest in the world

In related news, Czech government-issued bonds are among the safest in the world, the daily Hospodářské noviny reported on Wednesday, referring to a comparison of costs of insurance against possible state defaults compiled by the Bloomberg news agency. Czech bonds ranked eighth; the list is topped by Norway, while Iceland and Greece ranked lowest.

Analysts believe that this is the right time to issue state bonds, particularly in foreign currencies. Meanwhile, the Czech finance minister, Eduard Janota, said earlier that the state might borrow finances in foreign currencies in the first half of this year. According to the Finance Ministry, the Czech Republic this year needs to borrow 280 billion crowns, or more than 14.7 billion US dollars.