• Average wage in the Czech economy in the 2Q07 slightly increased, by 7.4% to CZK 21,462. Taking into account consumer prices increase, real wages growth reached 4.8%.
• According to expectations, polish central bank increased interest rates by 25bps which means that prime rate rose to 4.75%.
• Czech government approved euro adoption strategy without specific date. According to (10 000 CZK, -1,55%) Topolanek, it is still possible to reach proposed year 2012.
• Minister of Finance, Mr. Kalousek, promised compensation to villages in 2009 and 2010 for losses related to tax reform implementation. Compensations should reach CZK 10bn.