Latest articles from Czech Republic

Petr Pavelek

Czechs fall back into favour

December 8, 2010

The launch of a €2bn, 10-year bond in late summer has stirred international interest in the Czech Republic. Writer Joanne Hart

A Czech cure for the credit crunch

April 7, 2009

The Czech Republic will not be immune from the slowing global economy but Ceska sporitelna starts from a position of strong risk management and ample liquidity, says CEO Gernot Mittendorfer. Writer Philip Alexander

Pressing a home territory advantage

September 1, 2008

Leading European and US consumer finance players have expanded aggressively in central and eastern Europe, but they face a strong local competitor in the shape of PPF Group. Writer Philip Alexander.

No crisis from credit crunch

April 7, 2008

Czech banks’ strategy is protecting them from direct effects of the US subprime crisis, although they could be affected indirectly. Jan Cienski reports from Prague.

Profits among the crumbs

July 2, 2007

New foreign players from HSBC to Poland’s mBank will have to settle for niche roles in a profitable banking market with little room for new entrants, writes Jan Cienski in Prague.

Light at end of the tunnel over Czech IPB fiasco

September 4, 2006

After six years of bitter legal wrangling over who was to blame for the downfall of the once mighty IPB bank, Nomura Securities and the Czech government may be about to bury the hatchet. Robert Anderson recounts the acrimonious tale.

Czech Republic

January 2, 2006

Ceska Sporitelna
Jack Stack, CEO

ERM II stirs up Prague’s quiet man

August 2, 2004

Sitting over lunch within view of Prague’s landmark Charles Bridge, Zdenek Tuma, the 44-year old Czech central bank governor, uncharacteristically lets rip.
“Two years is a nonsense, yes a nonsense!” he exclaims, speaking about the need for the Czech koruna to join the Exchange Rate Mechanism II (ERM II) for 24 months in order to ultimately join the euro.
He is not alone in his dislike of this condition of entry. Many other accession country central bank governors share his views.

We love you, we love you not

April 5, 2004

Personal customers in the Czech Republic and Poland have mixed feelings towards the foreign banks that dominate their financial services industries,a new survey shows. Michael Imeson reports.

Auctions fuel growing distressed debt market

February 3, 2004

The Czech Republic’s distressed debt market is burgeoning. If insolvency law and other legal obstacles are addressed, banks could begin to extend new loans with confidence, says Robert Anderson.

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