• Retail sales grew by 10.5% in March. This strong domestic demand will have positive impact on 1Q GDP and it is also another signal for CNB not to wait with interest rates increase. • As of today, China widened its daily juan/dollar band from 0.3% to 0.5 %. Chinese National Bank also increased its base interest rate to 6.57% and volume of required reserves. • EBRD estimates that growth of Czech economy in 2007 slows down to 4.9% from 6.1% year ago. However it is higher number than previous 4.8%. • German RWE is considering to build gas pipeline in Czech Republic. The pipeline should cost about CZK 15bn and there are three options. The Final decision was not made yet, according to HN Daily.