The Czech central banks foreign currency reserves increased by 1.6% y/y to EUR 30.74bn as of end-January 2012, the bank said on its website. The rise followed a 3% annual contraction in December. In monthly terms, reserves edged 1.3% lower, after rising by 0.3% a month earlier. When recalculated in local currency, foreign currency reserves decreased by 1.3% y/y and 0.6% m/m to CZK 774.1bn. The central banks foreign exchange position remains stable as the international reserves covered 41.5% of the countrys gross external debt as of end-September 2011. |
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