Hospodarske Noviny News
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The yen gained the most in three weeks against the dollar as Japanese Economy Minister Akira Amari said further losses in the currency would have negative effects after it fell to the lowest since 2008 last week.
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Koruna sales would have a faster impact on inflation than the standard monetary-policy tool of changing interest rates, Czech central bank board member Lubomir Lizal said.
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The European Central Bank may review lenders’ balance sheets in the next year as it seeks ways to free up credit and spur euro-area economic growth, Hospodarske Noviny reported, citing Executive Board member Benoit Coeure.
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Czech car output declined 18 percent in the first quarter from a year earlier, Hospodarske Noviny reported, citing figures from automakers.
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Sazka AS, the Czech lottery provider facing bankruptcy, announced to the Finance Ministry it has stopped its lottery activities, Hospodarske Noviny reported, citing Chief Executive Officer Ales Husak .
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Czech lawmakers are debating a bill raising the tax on capital gains to 19 percent from 15 percent and extending it to a wider circle of investors from 2013, Hospodarske Noviny reported, citing the draft legislation.
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Czech private equity firm J&T Group has been increasing its stake in Unipetrol AS, the country’s largest refiner, Hospodarske Noviny reported, citing Wood & Co. analyst Jan Tomanik .
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Czech car output will decline 3 percent to 4 percent this year, Hospodarske Noviny reports, citing Ivan Hodac, secretary general of the European Automobile Manufacturers Association.
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The Czech pension system has a 32 billion koruna ($1.66 billion) deficit as a growing number of people reaches retirement, Hospodarske Noviny reported, citing Finance Minister Miroslav Kalousek .
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The Czech government plans a series of tax changes to help restore economic growth, Hospodarske Noviny reported, citing Deputy Finance Minister Ladislav Mincic.
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