No cause for panic, yet – Czech banks safe from European banking troubles
Strong liquidity and capitalization, combined with support from the Czech National Bank, safeguard banks against currently shaky European markets.
The Daily Dozen: 12 things to know about Czechia today
Praga engineering company launches motorcycle, Czechs increasingly pessimistic, and more buzzworthy headlines for Feb. 10, 2023.
VIDEO OF THE WEEK: Thousands queue up for chance to get new, coveted banknote
With no way to order or reserve the notes online, some people queued overnight in sub-zero temperatures to get the special CZK 1,000 note.
Exhibit and special banknote to mark 30 years of Czechoslovak currency split
The Czech National Bank is issuing a commemorative CZK 1,000 banknote to mark the 1993 division of Czechoslovakia and its crown.
The Daily Dozen: 12 things to know about Czechia today
New banknote celebrates Czech statehood, remembering Jan Palach, and more buzzworthy headlines for Jan. 16, 2023.
Bloomberg: Czech crown was 'one of world's biggest winners' of pandemic
The national currency successfully weathered the economic turbulence of the past three years, in part due to Czech National Bank policies.
KB wins 'Bank of the Year' accolade for 2022
Komerční banka performed strongly in the rankings this year, coming on top in four different categories.
Česká spořitelna set to purchase Sberbank CZ’s loan portfolio
The Czech division of Russian Sberbank's assets are up for sale after it lost its license to conduct banking.
German police call for border checks in Czechia to halt stream of illegal migrants
People-smugglers have created new routes from the Balkans via Slovakia and the Czech Republic after Austria tightened the border checks with Hungary.
Clock tower removed from Prague's Industrial Palace for restoration
Plus: Czech zoo sends endangered black rhinos to Poland, corruption scandal may include Post Office, and more June 23 headlines.
Czech banks will soon support money transfer via a mobile number
It's hoped the system, set to launch in pilot phase this summer, will cut back errors and make peer-to-peer transfers faster and easier.
Czech economists predict inflation slowdown but the news isn't all good
Experts have weighed in on how things will look for consumer prices later this year and next and explain what's behind this year's record inflation.
Soaring inflation in Czechia is dashing young people's hopes of homeownership
As inflation increases in Czechia, so do mortgage interest rates, making the real estate market even more inaccessible to young people.
Czech daily news roundup: Thursday, April 21, 2022
Sberbank's license is being revoked, construction starts on Prague's Metro D line, and Prague plans major US defense cooperation.
Mortgages are becoming a luxury item in the Czech Republic
Interest rate hikes are pricing people out of getting a mortgage, and more increases are coming.
Czech daily news roundup: Friday, April 1, 2022
Protests at Prague Castle call for Zeman’s resignation, National Bank raises interest rates again, Czechia freezes Russian oligarch’s assets.
Czech National Bank revoking Sberbank CZ’s banking license
Customers of the Czech division of the Russia-owned bank should receive 100 percent of their deposits back.
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