CNB cuts interest rate by 0.25 percentage points
Czech National Bank (CNB) has surprisingly cut interest rates by 0.25 percentage points. Main repo rate is dropped to 2.25 percentage points valid from today.
Czech National Bank (CNB) has surprisingly cut interest rates by 0.25 percentage points. Main repo rate is dropped to 2.25 percentage points valid from today.
Austrian insurance company Osterreichische Kreditversicherung Coface, number one in the Austrian domestic and export credit insurance business, is preparing to enter the Czech market, head of board of directors Martina Dobringerova, announced.
Small companies in the Czech Republic can now have their financial health evaluated by an independent credit agency.
The European Bank for Reconstruction and Development (EBRD) lent Ђ20m (some Kc630m) to Czech bank Komercni banka to support small-and mid-sized businesses (SMEs), Komercni banka announced.
The Finance Ministry has proposed splitting Exportni garancni a pojistovaci spolecnost (EGAP) guarantee and insurance company into two parts for a possible future sale.
Small- and medium-sized enterprises (SMEs) have finally found a way to get hold of bank loans.
Czech Invest, the government agency founded to support direct investment in the Czech Republic, attracted 60 new projects worth a total of CZK 27 bn in the first half of this year.
The Czech National Bank (CNB) bank board took the markets by surprise, raising interest rates by 0.25 percentage points. The repo rate now stands at 2.25 %, the discount rate at 1.25 %, and the Lombard rate at 3.25 %.
Foreign direct investment (FDI) in the Czech Republic reached CZK31.5 bn in 1Q 2004, up by CZK4.2 bn compared to the same period in 2003.
The Czech Republic will receive foreign direct investment (FDI) worth $5 billion this year, according to the Economist Intelligence Unit (EIU). FDI is picking up again in 2004 as the EU recovers from stagnant growth.