Eight investors delivered its bids for the purchase of the state stake in Cesky Telecom. The National Property Fund declined to reveal their names, however, press agencies quoted Deutsche Telecom, Orange (from the France Telecom group) and several financial syndicates.
The U.S. economy's first recession in a decade will end by March, according to the latest Blue Chip Economic Indicators survey. These expectations expressed 91% of the more than 50 analysts polled. That would be similar in length to the other nine recessions since World War II. Those lasted an average of 11 months. According to the poll results, the GDP growth in the first quarter 2002 should increase to 0.7%.
The state debt of the Czech Republic will begin to decline in 2007, said Finance Minister Jiri Rusnok in yesterday's on-line interview. He also mentioned that the system of subsidies to housing construction savings should be change in 2003, or more probably 2004, to become more effective and not serve only as an effective tool for financial investment.
Sales of cars (not including lorries) rose by 2.3% to 152,141 in 2001, said the Union of car importers.
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