Czech mortgage lending declined further in October 2011 although interest rates fell to a six-year low, the Fincentrum Hypoindex indicator showed. The value of mortgage loans reached CZK 9.82bn (EUR 383.1mn) as of end-October from CZK 10.38bn a month earlier. The number of signed credits fell to 5,821 from 6,291. The average interest rate dropped to 3.77% last month from 3.89% in September. The rates on the mortgages with a five-year maturity fell to 3.77% from 3.89% and on three-year mortgages to 3.91% from 4.08%. |
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