1. ČR’s rating not at risk of being downgraded in short term
(http://praguemonitor.com/2010/05/26/%C4%8Drs-rating-not-risk-being-downgraded-short-term)
High-level overview of article:
Representatives of rating agencies Fitch Ratings and Moody’s agreed ahead of the Czech general elections that the Czech Republic’s rating is not at risk of being downgraded in the short term.
Our take:
Some stability in the EU is possible.
2. Rocky road for real estate developers
(http://praguepost.com/business/4535-rocky-road-for-real-estate-developers.html)
High-level overview of article:
It’s been a “hectic” year for Orco Property Group, according to CFO Nicolas Tomassini, but the company is further away from the precipice after it recently emerged from a court-ordered protection from creditors that had sheltered the firm for one year. The Czech Republic’s other big development company, ECM REI, is meanwhile facing a bondholder meeting June 3 to decide whether the company will have to face early repayment of bonds.
Our take:
Once the current projects completed over the last six months are sold out we should see a shortage of new units toward the middle of 2011.
Updated/Aktualizováno: December 9, 2014,