Funds will be more and more attractive
Article Abstract:
Czech Republic: According to an analysis of CRA Rating Agency (CRA RA), the volume of finances invested in open share funds can increase to CEK 200-300 bil by 2005. The funds included CEK 78.4 bil at the end of 2000. If the volume increases to CEK 200-300 bil, it would represent about EUR 800 per inhabitant, which is only 10% of savings in funds in the European Union. In the Czech Republic, people deposit only 80% of their savings to banks. SIS Ceske sporitelny (Czech Republic) has a 41% share, Pias from the group CSOB a 22% share and IKS Komercni banky a 20% share on the opened share fund market. The share of foreign funds on the market should increase shortly. According to the estimate of CRA RA, about 6-10% of savings have been deposited to foreign funds. The share in foreign funds should be 40-60% shortly.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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The industry backs economic growth
Article Abstract:
Czech Republic: Domestic firms saw a total profit of CEK 134.1 bil in 2000. About 72% of the 2000 economic growth were represented by industrial firms. The 2000 foreign trade in industry resulted in a surplus of CEK 236.5 bil. Only four of the 22 industrial sectors saw a higher volume of imports, mainly the oil and food products industries. Over CEK 220 bil of the trade balance deficit was generated by trade firms with foreign owners in 2000. The volume of imported goods which is purchased by households has been increasing since the entrance of trade chains. The goods represented nearly 31% of the proceeds of traders in 2000 compared to 29% in 1999.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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EBRD: Solve the financing of pensions by yourselves
Article Abstract:
Czech Republic: According to an estimate of the European Bank for Reconstruction and Development (EBRD), the economic growth of the Czech Republic will increase to 3.5% in 2001. Besides, EBRD estimates that direct foreign investments in the Czech Republic will be USD 6 bil in 2001. EBRD's report about central and eastern Europe warns against a crisis in the Czech pension system. The reform of the social assurance system, mainly the state pension system, is one of the key tasks of the Czech Republic.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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