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The Czech Republic´s top banker has gladly taken the praise awarded him by his international audience for the central bank's audacious foreign currency intervention to push the crown lower. But Czech National Bank governor Miroslav Singer admits assessments of the move will not really be possible until the impact on inflation becomes clearer.

A better than expected performance on the central government deficit for 2013 was announced this week with the final figure for the annual overspend around a fifth better than originally budgeted for. But some economists have warned that the good news might not be as positive as it first seems.

Czech electricity company ČEZ is seeking the maxim time possible to decide on the so called contract of the century to build two new nuclear reactors at its Temelín site. And the two bidders for the contract are looking increasingly impatient.