The Czech Republic's five building societies said lending remained flat on the year edging up 0.2% to CZK 25.6bn (EUR 1bn) in the first seven months of 2012, CTK newswire reported. The number of new loans fell by 31% y/y to 329,557. CMSS was the largest building society with CZK 14.6bn worth of provided loans, up 14% y/y. Second ranked Raiffeisen Stavebni Sporitelna providing loans of CZK 4.5bn, up 14% y/y. SSCS came third boosting its lending by 25% y/y to CZK 3bn. Modra Pyramida followed with loans of CZK 2.7bn, down 47% y/y. Wuestenrot Stavebni Sporitelna saw its lending plunging by 42% on the year to CZK 835mn. In November 2011 the lower house of the parliament overrode the Senate's veto and gave the final approval to a CZK 2,000 tap on state support for home-building savings and taxing of interest on such savings. |
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