Jan Hamáček was elected the chairman of the Lower House of the Czech Parliament on Wednesday, November 27, 2013.
Czech political party ČSSD would like to approve the state budget of the Czech Republic for the year 2014 before the end of this year, ČSSD Chairman Bohuslav Sobotka said on Wednesday, November 27.
Exports will lead the Czech economy also in February 2014. The Exporters Association Index will reach a three-year high in the period.
The Czech Republic plans to invest roughly CZK 72 bln in the development and improvement of the Czech transmission grid in next ten years.
The koruna exchange rate is no new target of the monetary policy, but only an instrument currently used instead of interest rates to perform the inflation target.
The Czech National Bank (CNB) has bought foreign currencies worth ca. CZK 200 bln within its foreign currency interventions until the second decade in November.
Targeting the Czech koruna’s exchange rate around CZK 27.00/EUR does not mean keeping a fixed rate, said Komerční Banka’s analyst Jan Vejmělek.
The Czech central bank’s balance sheet total as of November 20, 2013, stood at CZK 1,077 bln, an increase by CZK 166.7 bln from the previous decade.
The Finance Ministry of the Czech Republic made public the draft 2014 State Budget Act on Friday, November 22.
The value of mutual trade between the Czech Republic and Poland totalled EUR 14.6 bln (ca. CZK 399.3 bln) since the beginning of the year.