Tag: weak

Foreign trade was a record last year.  Cheap oil and a weak koruna helped
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Foreign trade was a record last year. Cheap oil and a weak koruna helped

The Czech Republic’s foreign trade surplus reached a new all-time high last year thanks to exports and cheap oil. In the so-called national concept, the surplus of the balance increased to 157.1 billion crowns, which is a mezzanine of 50.5 billion crowns incl. Compared to the previous year, imports of domestic companies increased by 12.7 percent and imports by 11.4 percent. In December alone, the trade balance ended with a deficit of three billion crowns, which was 7.2 billion better in the interim. He announced it in ptek esk statistick ad.Foreign orders, a weak koruna and cheap oil are the main reasons for such a great result, said Raiffeisenbank chief economist Helena Horsk. According to her, the sanctions against Russia are more clearly reflected in ...
Reim’s weak koruna may not end in 2016, admitted Hampl from the NB
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Reim’s weak koruna may not end in 2016, admitted Hampl from the NB

The vice-governor of the Czech National Bank, Mojmr Hampl, admitted that the regime of a weak koruna caused by interventions could last, according to them. The bank was considering exiting in the second half of 2016. In recent days, the central bank has been intervening in the intervention of Miloe Zeman, also given that the euro was close to 27 crowns. After past experience, it is important to think about whether we should keep the exchange rate a bit by something, not to worry about the exact time exit, Hampl told Bloomberg. A similar determination to arm the intervention regime was published in a blog on his blog only by Vladimir Tomk. He wrote that the strengthening of the koruna against the euro to the level of 27 crowns wa...
Pardubice energy auctions have blled, but discounts have changed the weak koruna
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Pardubice energy auctions have blled, but discounts have changed the weak koruna

In Pardubice, the peak of preparations for the energy auction. Thanks to the people’s representatives, thanks to the fact that the people should save on gas rather than electricity. But the discounts will not be as high as in the past due to weak crowns. EZ recently challenged the organizers of the Pardubice electronic auction for promising people uneven disputes when changing electricity or gas suppliers. EZ, which recently announced discounts, claims that the people thanks to the auction will only spend a few crowns.According to the organizer of the auction, this is not true, as evidenced by the auctions that took place at a time when EZ published a price reduction.“About two weeks ago, we auctioned in Choceň, Trutnov and Nov...
The Czech National Bank will run the weak crown until 2015
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The Czech National Bank will run the weak crown until 2015

Dra imports and benefits for esk exports will take less than a year to go. The Czech National Bank has confirmed its initial estimates that foreign exchange interventions, which artificially weaken the koruna, will last until the end of 2015. At the end of November, the NB decided to weaken the koruna to the level of 27 crowns per euro.The two-year exchange rate of 27 crowns per euro, at least until the end of 2015, was announced at a press conference by NB Bank Governor Miroslav Singer. The bank considers this to be an appropriately chosen cl.“In other words, the bundle is long-term and salary as long as the risk of a bedding inflation lasts at two percent,” Singer said. According to the governor, the interventions should help...