Czech Republic Crown reaches 2009 high

The Czech crown yesterday reached its highest point against the euro since early December 2008, firming to CZK 25.54. The US dollar fell below CZK 18. Economists say there is no obvious reason for the currency’s gains but said possible explanation is rising...

Hyundai to boost gear production in ČR

From Prague Daily Monitor: Korean carmaker Hyundai will spend CZK 3.4 billion in the next two years expanding production of transmissions at its Nošovice plant in north Moravia from 300,000 to 500,000 units per year. The move will help soften a drop in Czech...

German growth forecast give Czechs hope

From Prague Daily Monitor: The German economy, the key market for Czech exporters, could record new growth as soon as next year, following the record decrease in GDP that is predicted for 2009, Wolfgang Franz of Centre for European Economic Research (ZEW) said on...