Tag: weak

The brewery was helped by the weak crown.  Exports were at a record high, beer imports decreased
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The brewery was helped by the weak crown. Exports were at a record high, beer imports decreased

The weak koruna and the shift to quality beer have sharply reduced its imports from abroad. According to the Czech statistical series, on the other hand, exports rose sharply last year, reaching the highest level in history. According to experts, the Czech brewing industry has recovered from the crisis. The volume of imported beer released in korunch last year fell to its lowest level since 2007. Domestic traders imported beer to us for 333 million crowns, which is a month-on-year drop of almost thirty percent. From abroad to the Czech market had cheaper beers, their average price is constantly falling.The brewing industry has recovered from the crisis. As the overall domestic consumption decreases, the structure changes. Con...
Thanks to weak crowns, billions more will come from the EU to the region.  I don’t know what to do with them
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Thanks to weak crowns, billions more will come from the EU to the region. I don’t know what to do with them

Regional operational programs, through which the current flow of subsidies from European funds, thanks to the recent intervention of the Czech National Bank and the consequent weakening of the koruna, will be able to distribute several billion crowns more than originally expected. Not all programs, however, will be able to use the pension. For example, in the Olomouc and Zlín regions in the next two years, applicants from towns and municipalities can travel about 400 million crowns more. However, not all operational programs will be able to benefit from financial resources.Ivan Matulk, director of the Regional Council of the Central Moravia Cohesion Region, told the newspaper today that the amount to be paid out in the Olomouc a...
f NB: We will crush the weak crown according to what we did not want
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f NB: We will crush the weak crown according to what we did not want

The central bank will probably apply the limit of 27 crowns to the euro as an exchange rate rate for the Czech currency, according to what it did not originally anticipate. The reason is that in the foreseeable future there will be no need to tighten monetary policy in the Czech Republic. This was stated by NB Governor Miroslav Singer in the fifth issue of the Slovak newspaper Hospodrske noviny. Let’s go and go for some time, we will import systematic anti-inflationary and often also deflan pressures from the euro area. The exchange rate at a certain level will help to limit their negative effects on demand in the Czech economy. The limit of 27 crowns per euro is likely to remain with them according to, we did not expect, said...