Is a Czech currency the worst?

Posted by bara 19/01/2015 at 13h18

Czech crown is according to the journal The Wall Street Journal the most debilitating currency of the world. This designation is wrong because the article evaluates the development of currencies during the early days of 2015, and it has no explanatory value. Weakening of the currency is commonly used as an instrument of export promotion. The Czech Republic used it in 2013, when the Czech National Bank sharply depreciated exchange rate on 27 CZK / EUR.

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However, the Czech currency fell to a level of 28 crowns per euro in recent days. The crown was so weak in February 2009. The rate for the dollar is the weakest in the last 9 years - it has exceeded the limit of 24 crowns per dollar. Weakening is a response to low inflation last year. Another central bank intervention is the reason for today's weakening of exchange rate. The Czech National Bank will meet in February and it may announce an increase in the level of intervention from the current 27 CZK / EUR at the level of 29 CZK / EUR. President MiloŇ° Zeman expressed his disagreement with the CNB interventions in monetary policy in the form of intervention in foreign exchange rates. Why should CNB again intervene? Cheap oil is the reason because it reduces inflation and the inflation target of 2% is not fulfilled.

Weakening crown helps exporters. On the other hand, imported goods and foreign holidays are more expensive. The weakening of the CZK to USD prevents even greater decline in prices of petrol and diesel. Gasoline and diesel still further cheapen and some sources predict price 25CZK / 1 litre. Governor of CNB said that exchange rate movements are normal and CNB has no reason to react. The actual decision of the Czech National Bank is yet uncertain.

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Changes in the European Union

Posted by bara 09/01/2015 at 09h30

Many of the changes coming with the new year. The changes will not avoid community of the European Union. For example, the Italian presidency ended and Latvia will be on site presiding country for six months. As one of its main tasks is considered negotiations with Russia over the Ukrainian energy crisis and economic stability and EU. The European Union is a political and economic union, consists of 28 European countries with a population of 507,700,000. Currently these are EU member states (in brackets shows the year of entry into the EU): Belgium (1952), Bulgaria (2007), Czech Republic (2004), Denmark (1973), Estonia (2004), Finland (1995), France (1952 ), Croatia (2013), Ireland (1973), Italy (1952), Cyprus (2004), Lithuania (2004), Latvia (2004), Luxembourg (1952), Hungary (2004), Malta (2004), Germany (1952 ), the Netherlands (1952), Poland (2004), Portugal (1986), Austria (1995), Romania (2007), Greece (1981), Slovakia (2004), Slovenia (2004), United Kingdom (1973), Spain (1986), Sweden (1995).
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The Czech Republic joined the EU on 1 May 2004. In the Accession Treaty is committed to adopting the single European currency (the euro area entry). The term input but not set. Membership in the euro area is subject to the criteria of the Maastricht Treaty. Czech Republic is not yet a member of the Exchange Rate Mechanism II (ERM II). Euro was adopted in 18 countries: Austria, Belgium, Finland, France, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain, Greece, Slovenia, Cyprus and Malta, Slovakia, Estonia and Latvia. The eurozone has grown by nineteenth member - Lithuania since January 2015. Supporters of the euro believe it will improve the economy and strengthen ties with the West. Critics fear of price increases. Most Lithuanians, however, with the adoption of the euro agreed.
Another change in the EU can be extraordinary Greek elections. Left Party in Greece is very popular and probably win the election, and it can endanger the austerity measures that Greece has been enacted. If Greece stops paying its obligations, it will have to leave the eurozone.

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E-shopping in the Czech Republic - how to choose a good e-shop?

Posted by bara 09/01/2015 at 09h26

Czech Trade Inspection examined deficiencies in problematic e-shops. In the third quarter, inspectors conducted 221 checks online stores. They discovered errors in 165 stores (thus 75% of cases). Result of inspection looks awful, but control was focused on risk e-commerce and e-commerce state in the Czech Republic is probably at a better level. However, we must be careful at Christmas time - Czech police solves more online fraud in December.
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How to choose the right e-shop?
We do not have universal advice. We can only give you some tips. First thing - you do not focus only on price. The price does not reflect the vendors and it can hide a lot of fees (higher postage, packing and various surcharges).Credibility trade is also very important. We recommend that you read the reviews you about e-shop. But you must be critical, because sellers can write reviews often alone. If the goods are not delivered on time, so you have the right to return the money. A reputable seller should return the money without any problems.
Another problem is that traders do not have transparent business conditions, and they intentionally confuse their customers. So you remember: you have the right to return goods purchased on the Internet within 14 days without giving a reason. Goods can be unpacked, but it must not be used. The right of withdrawal does not apply to special orders, audio and video recordings or software, newspapers and magazines. You must be informed of the e-shop the possibility of withdrawing from the contract within 14 days. When e-shop does not do this, then the period is extended for one year and 14 days. When you find a defect, you have the right to claim for a period of 24 months from the purchase of goods. The seller is obliged to settle the claim within 30 calendar days. If the seller exceeds this time limit, you are entitled to withdraw from the contract and refund.

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