This year’s forecast of 3 percent expansion of Czech gross domestic product can be attributed to an intervention to weaken the crown by the Czech National Bank in November, the bank’s vice governor Vladimír Tomšík said on a Czech Television discussion show on Sunday. Mr. Tomšík said the central bank aimed to ensure the currency remained at above 27 to the euro through 2016 and would intervene again if necessary to achieve this. The head of the Bohemian-Moravian Confederation of Trade Unions, Josef Středula, said the intervention had harmed employees and that the Czech National Bank’s claim it would create 30,000 jobs had proved false.
My Prague – Rob Cameron
Agencies abuse Czech visa system in Ukraine to fuel booming illegal business
Hockey legend Jaromír Jágr turns 45
Marie Iljašenko: a European poet
New documentary celebrates Czechoslovak war hero, RAF pilot Emil Boček
Jan Antonín Baťa always said he put his people first, says granddaughter Dolores Bata Arambasic
Academic Michael Smith: Czech govt. is supporting education of well-off through “free” universities