• CSOB sues Czech Republic at an arbitration court in Paris claiming CZK 1.7bn for a transaction linked to the takeover of Investicni a postovni banka (IPB). Ministry of Finance considers this claim to be absurd. • Price of Brent oil jumped over USD 72/bbl and reached its maximum for the last ten months. Pressure on prices origins in Nigeria, as there are currently threats of oil machinery attacks and oil industry strikes. • According to the Czech National Bank vice-governor Miroslav Singer, central bank could consider further interest rates hike soon. It is better to increase rates by 25bp earlier than to consider 50bp hike later, according to Singer. • Czech Republic households increase their technical equipment endowment. Over 40% households now own DVD player and PC and almost one third have internet connection. Families with children are usually better equipped with electronics. • Slovakia’s unemployment decline. Unemployment rate in May reached 8.33% which is the lowest figure in Slovakia’s history. • Average wage in Hungary increased in April by 8.4% y/y, the same rate as in March. Wages in private sector adjusted for bonuses increased by 12.1% y/y.