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Bank expert: ČR will recover from crisis next year

Prague Daily Monitor: Herbert Stepic, head of Raiffeisen International, said that the Czech economy generally reacts to global economic developments with a six-to-eight month delay, and he therefore expects the country to recover from the economic crisis by mid-2010....

Mortgages drop by 50%

Prague Daily Monitor: The total volume of mortgage loans that banks provided to households fell to CZK 6 billion in July from CZK 12.2 billion a year ago, according to the Fincentrum Hypoindex indicator that comprises data from nine domestic banks. Source: most Czech...

Expert: Foreign investment will plunge

From Prague Daily Monitor: State agency CzechInvest expects this year's volume of foreign direct investment (FDI) in the Czech Republic to be less than 50% of last year's result. CzechInvest head, Alexandra Rudyšarová, said FDI volume had already slipped to CZK 5...

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