The Czech central banks foreign currency reserves increased by 5.3% y/y to EUR 31.8bn as of end-July 2012, the bank said on its website. The rise followed a 4.2% annual growth in June. In monthly terms, reserves were 1.6% higher compared to June, when they dropped by 1.3% m/m. When recalculated in local currency, foreign currency reserves stood at CZK 802bn as of end-July, down 0.2% on the month but 9.8% higher on the year. The central banks foreign exchange position remains stable as the international reserves covered 42% of the countrys gross external debt as of end-March 2012. |
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