The Czech parliament's upper house approved a bill on Wednesday that will set the state's minimum defence spending at 2% of gross domestic product from next year, matching its commitment to the NATO military alliance.
Hungary's forint firmed
slightly on Tuesday as it continued its advance back to one-year
highs, while the crown held steady after data showing the Czech
economy stagnated in the first quarter.
The Czech Industry Ministry will propose investment incentives worth 546 million crowns, or around a fifth of eligible costs, for U.S.-listed group ON Semiconductor to help it expand an existing facility in the country, the ministry said on Friday.
* Turkey's lira breaches 20-to-the-dollar mark. * Poland, Czech Republic credit rating reviews due. * South African rand steadies from record low. * EM stocks, FX set for weekly declines. By Siddarth S and Amruta Khandekar.
* Ukraine reconstruction may cost hundreds of billions of dollars. * Reconstruction phase "already underway" - Czech official. * Rebuilding could boost Polish GDP by 3.8% - Pekao bank. * Construction market could be one of Europe's largest - exec. By Michael Kahn, Robert Muller and Anna Koper.
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