Volume of mortgages in ČR down nearly a third in April

Czech mortgage stats for April continue downward trend and the banks seem to continue to tighten lending, especially to foreigners and those who are purchasing for investment: http://praguemonitor.com/2009/05/21/volume-mortgages-čr-down-nearly-third-april

Sobotka: ČR will not have euro before 2014

From Prague Daily Monitor: ČSSD deputy head and Shadow Finance Minister Bohuslav Sobotka said the state budget deficit is so large that it will not be the next government but the one after that introduces the euro in the Czech Republic. Sobotka said he would consider...

Health of Czech banks

Czech banks seem very healthy and hopefully draws by mother companies will not affect lending within Czech Republic: http://praguemonitor.com/2009/05/19/e15-large-czech-banks-send-billions-their-parent-banks