Press Releases
Press Releases - year 2011/2010
Ministry of Finance of the Czech Republic releases on its web pages new Staff Report for the 2011 Article IV Consultation (IMF)
On April 4, 2011 the Executive Board of the IMF (International Monetary Fund) concluded the Article IV consultation with the Czech Republic.
Source: © 2011 International Monetary Fund March 2011, IMF, relesead 04/2011
CNB and MF recommend not to set euro adoption date yet
The Czech National Bank and the Ministry of Finance have recommended not to set a target date for adopting the euro yet and thus not to attempt to enter ERM II in 2011. This joint recommendation, based on an analysis entitled “Assessment of the Fulfilment of the Maastricht Convergence Criteria and the Degree of Economic Alignment of the Czech Republic with the Euro Area”, was adopted by the government at its meeting on 22 December 2010.
Assessment of the Fulfilment of the Maastricht Convergence Criteria and the Degree of Economic Alignment of the Czech Republic with the Euro Area - 2010
On 22th December 2010, the Czech Government discussed and adopted an analysis entitled “Assessment of the Fulfilment of the Maastricht Convergence Criteria and the Degree of Economic Alignment of the Czech Republic with the Euro Area - 2010”, which assesses the Czech Republic’s preparedness to adopt the euro. Based on this analysis and in line with the Czech Republic’s Updated Euro-area Accession Strategy (August 2007), the Government agreed with the recommendation of the Czech Ministry of Finance and the Czech National Bank not to set a target date for euro area entry for the time being and not to attempt to enter ERM II during 2011.
