PRAGUE, July 20 (Reuters) – Here are news stories, press reports and events to watch which may affect Czech financial markets on Monday.
ALL TIMES GMT (Czech Republic: GMT + 2 hours) =========================ECONOMIC DATA========================== Real-time economic data releases…………….. Previous stories on Czech data…………. **For a schedule of corporate and economic events: website =========================NEWS/EVENTS============================ EU SUMMIT: EU leaders were making progress on Monday after three days of haggling over a plan to revive economies throttled by the COVID-19 pandemic, but Dutch Prime Minister Mark Rutte warned the discussions could still fall apart.
The summit continues at 1400 GMT. CORONAVIRUS CASES: The Czech Republic had 13,945 confirmed coronavirus cases by the end of Sunday, with 90 new infections that day. The daily number eased below 100 after five days in a row when it surpassed that level.
Of all cases, 8,760 people have recovered and 359 people have died in connection with the disease. There were 4,826 active cases. website CORONAVIRUS: The tally of active cases of the new coronavirus has risen to 4,764, above the previous high of 4,737 seen in April, health ministry data showed on Sunday.
CURBS TIGHTENED: Czech authorities tightened coronavirus restrictions in the northeast of the country on Friday after a spike in cases, reinstating compulsory face coverings, limiting restaurant opening hours and ordering checks on cross-border commuters. RATES: The Czech central bank does not need to ease policy further after cutting rates by 200 basis points since March in response to the new coronavirus crisis, Governor Jiri Rusnok said in a newspaper interview on Saturday.
STATE DEBT: The Czech Republic’s gross central government debt jumped to 2.157 trillion crowns ($92.37 billion) at the end of June, the Finance Ministry said on Friday, as the country launched a record borrowing spree amid the coronavirus pandemic. CEE MARKETS: Central European currencies were looking for direction and stocks were down on Friday before a European Union summit to discuss a 750 billion-euro coronavirus recovery fund.
======================PRESS DIGEST============================= KURZARBEIT: A standard kurzarbeit programme – state covering part of salaries of employees on a shortened working schedule – should be implemented by October, transformed from the current Antivirus programme launched to help companies keep their workforce after the coronavirus hit the economy, Industry Minister Karel Havlicek said.
Pravo, page 3 GAMBLING: Judi Online Gambling revenues rose by 55% to 389 billion crowns ($16.74 billion) last year, with tax revenues rising by 4% to 10.1 billion crowns. Pravo, page 1 (Reuters has not verified the stories, nor does it vouch for their accuracy.) Prague Newsroom: +420 234 721 617 E-mail: firstname.lastname@example.org ($1 = 23.2430 Czech crowns) (Reporting by Prague Newsroom)
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