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The koruna, or crown (sign: Kč; code: CZK, Czech: koruna česká), has been the currency of the Czech Republic since 1993. The koruna is one of the European Union 's eight currencies, and the Czech Republic is legally bound to adopt the euro in the future.
In 2023 ČSOB was ordered to pay 3.7 billion CZK in an abitral to the Icec-Holding, which the company had initiated in 2016. Icec-Holding had sued the Investiční a poštovní banku (IPB), whose legal issues ČSOB took over together with the bank later on, in 1999 claiming the IPB broke contractual obligations by taking over a Slovenian paper ...
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In 1993, on the breakup of Czechoslovakia, the Czechoslovak koruna split into two independent currencies: the Slovak koruna and the Czech koruna. Accession to the EU in 2004 meant both currencies were slotted to be replaced by the euro once their respective countries met the criteria for economic convergence and there was the political will to ...
(Matthew Hatcher/Bloomberg via Getty Images) Inflation fears aren’t as omnipresent as they were earlier in the year and shoppers are ready to spend as the holiday season gets underway, according ...
The Czech Republic officially joined the European Union on 1 May 2004. The original intention of the Czech National Bank was to adopt the Euro, but after relatively strong economic progress within the Czech Republic and a favorable national attitude for the Czech Koruna there are no current plans to change the currency.
Going on a vacation is exciting. You get to see new cities, embrace different cultures and explore the world. However, it’s getting more exciting for some of the expensive vacation destinations ...
GM's CFO told investors the company has changed its business strategy to withstand market volatility and a new presidential administration.