Hyundai Motors has denied reports from Wednesday that the South Korean company was considering building a new production facility in the Czech Republic. Wednesday the Czechinvest announced that talks were underway for Hyundai Motors to build a manufacturing plant in the eastern part of the country, worth tens of billions of Czech koruna. He also added that while the company would eventually consider a new manufacturing plant in Europe, it was currently looking for a production site in the US.
Building savings societies acquired 1.52 mil. new clients last year. It is the highest increase since the building saving was introduced in the Czech Republic. More than a half of the Czech population is now using this financial product.
The European Central Bank said it expects a gradual economic recovery this year, suggesting its four interest rate reductions last year may have been enough to spur growth.
FED Chairman Alan Greenspan said yesterday in Congress budgetary committee, that the U.S. economy is beginning to show signs of recovering from recession, and a rapid reduction in unsold goods may produce a significant boost to growth. Also this information can be explained as a sign of the end rate cuts.
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