International rating agency Moody's sees upward pressure on the Czech Republic's sovereign ratings, Reuters quoted senior credit officer Dietmar Hornung as saying. According to Hornung, if the economic developments in the country continue improving, it might appear that its ratings are slightly underrated, which could result in a rating upgrade, given certain conditions. Hornung earlier said that the sovereign rating might be upgraded if the government of PM Petr Necas manages to cut the budget deficit as pledged, while an eventual inability of the government to reduce the structural deficit and a failure to step up the pension and healthcare reforms would probably result in a downgrade rating pressure. Moody's has an A1 rating for the Czech Republic with a stable outlook. |
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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