The value of outstanding deposits in Czech banks stood at CZK 3.214tn (EUR 125.4bn) at the end of January 2013 and their annual expansion rate accelerated to a five-month high of 8.4% thanks to faster growth in household deposits, central bank data showed. Deposits of non-financial corporations were 6% higher on the year at CZK 676.9bn as of end-January, rising at a slower pace than Decembers growth of 6.4% y/y. Household deposits increased by 3.7% on the year to CZK 1.79tn at the end of January, following a 3.4% rise in the previous month. On a monthly basis, the value of outstanding bank deposits advanced by 2.7% in January after rising by 1.6% in December. Deposits in foreign currency totalled CZK 274.9bn in January, up 8.3% from the year before. |
Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more
The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more
The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more