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 The following OECD  assessment and recommendations summarise chapter 4 of the Economic survey of the Czech Republic has been  published on 24 April 2008.

Abstract:

• Favourable location and low labour costs have resulted in large inflows of greenfield investment and export-oriented manufacturing is playing a key role in the Czech Republic’s robust growth. This chapter looks at this process in depth and examines other influences of globalisation on the economy, such as changes in retail markets and the development of tradable services. The chapter also considers the policy implications. In general, the policies required to harness globalisation are the same as those needed to help overall economic growth. However, some specific areas require particular attention: investment incentives, support for small and medium enterprises, transport and urban infrastructure, and immigration policy...... >> read more  
  

  THE CZECH JOURNAL OF ECONOMICS AND FINANCE  is an English-language, open-access, double-blind refereed academic journal published in Prague by Charles University in association with the Czech National Bank and the Czech Ministry of Finance. The journal has been published since 1951. It devotes special attention to monetary economics, public finance, financial economics, and international economics, but it is open to high-quality papers from all fields of modern economics. The journal publishes empirically oriented papers, but does not exclude review articles or theoretical contributions provided that they are of high quality and relevant to the journal’s aims. 
The CJEF is aimed primarily at macroeconomic policymakers, academic researchers, university teachers and students, economists working in the public and private sectors, financial officers, and financial consultants.

Indexing:
The journal has had an Impact Factor since 1997 and is indexed in the Web of Science (the Social Sciences Citation Index), Current Contents Connect, JEL, ECONLIT, SCOPUS, and ABI Inform. It is also registered in the Ulrich’s International Journals Archive.

• All the journal's articles are freely downloadable from http://journal.fsv.cuni.cz/ ; hard copies of the journal can be purchased for a fee.

Ministry of Finance of the Czech Republic releases a new macroeconomic forecast (April 2008) on its Internet sites.

The forecast assumes favourable macroeconomic developments to continue in spite of risks stemming from external environment. Real growth of GDP should reach 4.9 per cent in 2008. It will be pulled by accelerated growth of investment activity while impact of foreign trade performance will be lower and growth of household consumption will slow down compared with 2007 due to higher inflation.

• Macroeconomic forecast - April 2008

The Ministry of Finance publishes tables concerning the level and development of the central government debt for 4 th quarter 2007 under the methodology of IMF. The tables facilitate to analyze the debt under following basic criterions:

• Central Government Debt by Type of Instrument
• Central Government Debt by Maturity
• Central Government Debt by Type of Holder

The Ministry of Finance also offers data on state guarantees and time series of the development of the central government debt:

• Debt Guaranteed by the Central Government
• Development of the Central Government Debt

Data concerning the level and development of the central government debt are available in the summary table as well:

• Fiscal Data for the Czech Republic - Central Government Debt
  

• Issuance Calendar of T-Bills for 2nd Quarter of 2008
• Issuance Calendar of T-Bonds for 2nd Quarter of 2008

Issuance calendars results from Financing and Debt Management Strategy for 2008.

The Ministry of Finance of the Czech Republic releases a new macroeconomic forecast - January 2008 on its Internet sites.

In the forecast it expects favourable macroeconomic development to go on, albeit on a lower level. Real growth of GDP should reach 4.7 per cent in 2008. This growth will be pulled by accelerated growth of investment activity while effect of foreign trade performance will be lower and household consumption will fall compared with 2007.
In 2009 growth will keep up at some 5.1 per cent, which roughly corresponds to growth of potential product. Convergence of the Czech economy to advanced European countries’ level will continue.

• Macroeconomic forecast - January 2008

The regular comprehensive evaluation of Primary Dealers is carried out on the basis of the four quantitative criteria specified in „Financing and Debt Management Strategy for 2006“ published on 1st December 2005 .

The next five financial institutions listed thereinafter were the most active in the Czech domestic primary and secondary government bond market, in the electronic secondary NewEuroMTS market with trading of Czech eurobonds, in operations within financial management of debt portfolio and in the treasury liquidity management operations.

• 1. KBC N.V. / Československá obchodní banka, a.s.
• 2. Erste Bank AG / Česká spořitelna, a.s.
• 3. Société Générale Bank / Komerční banka, a.s.
• 4. ING Bank N.V.
• 5. Barclays Bank Plc

Source: MF, Debt and Financial Assets Management Department MF CR

The Ministry of Finance submitts the twelfth Debt Portfolio Management Quarterly Review to present the underlying debt portfolio risk management measures and performance with respect to the planned annual financing programme and achieving the medium-term strategic targets of debt management policy. For the year 2007, these targets were concretised and quantified by the Financing and Debt Management Strategy for 2007 released on 1 December 2006 and based on the Finance Minister’s decision. It specifies an operational framework for the tactical management of state debt and financial assets through the active financial operations on the secondary market.