The central government debt increased to CZK 345bn by the end of 2001, a year earlier the debt amounted to CZK 289bn.
The Ceska Konsolidacni Agentura (CKA) plans to sell two packages of non-performing loans with a nominal value of about CZK 15bn each, said yesterday CKA board member Libor Svoboda. CKA will also offer six or eight loan packages with a nominal value of about CZK 250 mil each for small investors and also expects to sell loans with a nominal value of CZK 4bn to investors interested in specific debt.
Franz Fischler, a member of the European commission for agriculture said yesterday, that market subsidies and purchase prices alone, without any direct support from the European Union, will increase revenues of Czech farmers after the country becomes the EU member by up to 30%. European commission proposed a lower subsidies to farmers from the candidate countries than to current EU members recently, which was criticized by both Czech Agriculture Minister Jan Fencl and most of his colleagues from the candidate countries.
The volume of industrial production in Hungary, seasonally and working day adjusted, exceeded the level of the previous month by 2.6% and decreased by 0.6% according to working-day adjusted indices related to the same month of the previous year.
The Hungarian central bank decided yesterday to leave its key interest rate unchanged. The monetary policy council left its two-week deposit rate at a record-low 8.50 percent. The Hungarian central bank has diminished its interest rates already three times this year.
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