Czech central bank Vice-Governor Oldrich Dedek expressed CNB‘s satisfaction with Thursday’s foreign exchange market intervention. The crown trades were in range of 30.64 to 30.78 CZK/EUR during Friday’s session. Dedek also warned that CNB could take more action on market whenever needed.
The CSSD Central Executive Committee decided to unilaterally abrogate their "opposition agreement" with the Civic Democrats (ODS) if they fail to agree with the ODS on its termination as of the election day (June 14- 15). According to the ODS, negotiations about the cancellation are unnecessary because, in their opinion, the agreement's validity will expire on the day of the elections.
The CSSD started its pre-election campaign. Key points of the campaign consist of promise of creation of 400ths new jobs within 4 years, 45 to 50ths new flats yearly and professionalisation of the Czech army.
The CSSD and the ODS both decided to use „defence of national interest“ in connection with the Benes decrees for their election campaign.
The first round of Hungarian parliamentary poll ended almost in a draw. The Hungarian socialist party (MSZP) gained 42% of votes, according to preliminary results. Prime minister Orban’s FIDESZ gained 41,5% of votes. The second round of voting is due on in two weeks.
Hungarian industrial output rose 0.1% m/m in February but without any change in year-on-year comparison.
Click here for the „Czech economic daily“ in .pdf format.