Czech Republic and the EU

Latest business news about Czech Republic and the European Union.

Eurozone needs 'federal fiscal union' to survive: Czech PM — 02 February 2012, 15:43 CET

Czech Prime Minister Petr Necas, who recently nixed his country's membership in the EU's new budgetary discipline pact, on Thursday said the eurozone needed a federal fiscal union in order to survive.

Czech PM's 'no' for EU fiscal pact raises heat at home — 31 January 2012, 23:05 CET

Parties in the Czech Republic's ruling coalition locked horns Tuesday after Prime Minister Petr Necas refused to join the European Union's crucial new fiscal discipline deal.

Czech Republic stays out of EU fiscal pact, for now — 30 January 2012, 22:10 CET

The Czech Republic refused to join an EU pact on fiscal discipline at a summit on Monday, citing the need to secure ratification back home first.

Czech PM says EU's new fiscal pact difficult to accept — 30 January 2012, 18:16 CET

The Czech Republic finds it "difficult to accept" the European Union's new fiscal compact as it doesn't give non-eurozone states much say, the country's prime minister said Monday.

Czech cabinet agrees EUR 1.5bn for IMF eurozone package — 25 January 2012, 18:22 CET

The Czech government on Wednesday approved a 1.5-billion-euro loan to the International Monetary Fund, less than half its expected contribution of 3.5 billion euros.

Czechs want to cut share of IMF crisis pool to EUR 1.5bn — 24 January 2012, 17:00 CET

Prague wants to pay 1.5 billion euros rather than a mooted 3.5 billion euro share of an IMF rescue fund for the European debt crisis, Czech media reported Tuesday.

Czech leaders clash over eurozone deal referendum — 20 January 2012, 14:18 CET

Czech leaders clashed Friday over whether the country should hold a referendum on the European Union's fiscal compact, agreed last December in a bid to contain the eurozone debt crisis.

Czechs want to cut share of IMF crisis pool — 19 January 2012, 16:58 CET

Prague wants to cut its expected contribution of 3.5 billion euros ($4.5 billion) to the International Monetary Fund as part of pool of cash for the European debt crisis, the Czech premier said Thursday.

Czech Republic says euro entry date on hold — 15 December 2011, 17:54 CET

Czech authorities said Thursday the country would not seek entry into the ERM II mechanism, the two-year waiting room for eurozone candidates which pegs their currencies to the euro.

Czechs put EU's fiscal deal on hold until text finished — 13 December 2011, 17:43 CET

The Czech Republic which is not yet a eurozone member will wait for the details of a fiscal discipline deal reached by eurozone states last week before deciding whether to join, the prime minister said Tuesday.

Europe no longer role model for world: Czech president — 09 December 2011, 12:13 CET

Europe, plagued by the debt crisis, is no longer a role model for the world and refuses to accept this as a fact, Czech President Vaclav Klaus said at a business conference on Friday.

Czechs back EU treaty changes focused on eurozone: PM — 07 December 2011, 17:43 CET

Prime Minister Petr Necas said Wednesday that the Czech Republic would support changes in European Union treaties at this week's crunch summit if they mainly apply to the crisis-struck eurozone.

Czech president sees 'lost decade' for Europe — 14 November 2011, 12:34 CET

Europe is facing a lost decade similar to that experienced by Japan in the 1990s, Czech President Vaclav Klaus, an avowed euro-sceptic and former economic forecaster warned on Monday.

Poland blames states breaching EU pact for crisis — 04 November 2011, 16:27 CET

Current European Union president Poland on Friday faulted fellow members who have violated the 27-nation bloc's stability pact for the ever-deepening eurozone crisis.

Poland, Hungary, Czechs in no rush to join euro — 14 October 2011, 17:27 CET

Poland, Hungary and the Czech Republic are in no rush to join the crisis-struck eurozone, despite being obliged to do so as part of their 2004 European Union entry deals, say their leaders.

Visegrad countries slam Ukraine for jailing Tymoshenko — 14 October 2011, 14:27 CET

The prime ministers of Poland, the Czech Republic and Hungary on Friday slammed Ukraine for imprisoning ex-premier Yulia Tymoshenko, saying the situation marred Kiev's drive to join the EU.

Czech, Bulgarian PMs slam EU debtors, put off euro entry — 04 October 2011, 15:21 CET

The Czech and Bulgarian prime ministers on Tuesday slammed their fiscally "undisciplined" EU peers, saying accession to the eurozone was not on the cards as the 17-member eurozone is mired in debt.

Eurozone faces long stagnation: Czech president — 21 September 2011, 23:53 CET

The eurozone will experience a "terrible" stagnation as it struggles to bail out Greece and other indebted countries, Czech President Vaclav Klaus predicted on Wednesday.

Serbia president rules out Kosovo recognition — 29 August 2011, 22:03 CET

Serbian President Boris Tadic said Monday that Serbia will not recognise Kosovo's independence while he is in office.

Russia lifts ban on Czech and Greek vegetables — 11 July 2011, 14:45 CET

Russia on Monday permitted vegetable imports from the Czech Republic and Greece, making a total of six countries exempt from a ban on European Union imports it imposed over a deadly E. coli outbreak.

Czech PM urges expertise in European nuke stress tests — 19 May 2011, 22:02 CET

Czech Prime Minister Petr Necas said Thursday that stress tests at European nuclear plants should be a purely technical and free of politics, as the European Union finds itself deadlocked over the issue.

EU's east eyes bloc's competitiveness — 16 May 2011, 19:44 CET

Boosting the European Union's competitiveness and the prospect of Croatia joining the bloc topped Monday talks of central European leaders at an economic forum in Katowice, southern Poland.

AB InBev wins new legal round in 'Bud' name court battle — 29 March 2011, 12:52 CET

Global brewer Anheuser-Busch InBev won a round Tuesday in its long-running legal battle with a Czech rival to secure the "Bud" trademark in Europe.

Czech president slams EU's 'Euro Pact' — 28 March 2011, 12:57 CET

Ardent eurosceptic Czech President Vaclav Klaus slammed the European Union's new "Euro Pact" Monday, saying it aimed to undermine the sovereignty of the bloc's member states.

Czech trust in EU hits all-time low: survey — 02 March 2011, 17:34 CET

Czech confidence in the European Union has hit an all-time low, with fewer than one in two Czechs now trusting the 27-nation bloc, the Mediafax news agency said on Wednesday, citing a survey by the STEM pollsters.