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Industrial output rose by 5.3% year-on-year in July after a revised 9% growth in June, the Czech Statistical Office said yesterday.

A total of 14,296 dwellings started to be built in the Czech Republic in the first half of this year, 23% decrease year-on-year, the Czech Statistical Office said yesterday.

Further cuts in the Constitutional Court's budget would affect the efficiency of its decision-making and decrease the standard of human rights' protection, court chairman Pavel Rychetský said after meeting with Prime Minister Petr Nečas yesterday.

The planned cuts in funding for universities, that according to some estimates are to amount to 10%, are intolerable, Czech Rectors' Conference Chairman Petr Fiala told Prime Minister Petr Nečas yesterday.

Domestic banks and savings banks raised net profit by 18% year-on-year to CZK 31.4 billion in the first half of this year, according to data released by the Czech National Bank on Friday.

Czech annual inflation remained at 1.9% in August and consumer prices fell by 0.2% against July due to cheaper food and fuel, analysts polled ČTK said yesterday.

The year 2010 will apparently be worse for cigarette producers and sellers in the Czech Republic than last year due to a January VAT hike followed by February increase of excise duty on cigarettes both which have lowered consumption, according to Philip Morris's half-yearly report.

Average wage increased by 2.4%, or CZK 542 to CZK 23,513 in Q2 yr/yr, in real terms it added 1.2%, the Czech Statistical Office said Friday.

Friday's data showing a 2.4% average wage growth in Q2 correspond to the gradual revival of the Czech economy, analysts addressed by ČTK said Friday, adding that wages will keep growing, although at a slow pace.

The EIA study assessing the impact of the Temelín nuclear power plant's planned two new units suffers from serious shortcomings and should be completed, representatives of four environmental organisations said Thursday.

The number of insolvency petitions filed in the first eight months this year totalled 9,908, which is 416 more than in 2009 due to an increase in insolvency petitions filed against individuals, the company Creditreform told ČTK Thursday.

The state should collect CZK 531.5 billion in all kinds of taxes, including customs duties, next year, some CZK 9 billion more than it plans for 2010. Taxes thus are to contribute a half to state budget revenues, according to Finance Ministry's budget proposal.

The Czech and Luxembourg central banks put into circulation a silver coin commemorating the 700th anniversary of the marriage of John of Luxembourg (1296-1346) and Bohemian royal daughter Elizabeth Premyslid (1292-1330) Wednesday.

Czech state budget gap grew to CZK 78.7bn at end-August from July's CZK 69bn, the Finance Ministry told CTK Wednesday. In the same year-ago period, state budget showed a deficit of CZK 89.6bn.

The Finance Ministry in the 2011 budget proposal submitted to the government earlier this week raised revenues and expenditures by CZK 127.7 billion. The planed budget deficit of CZK 135 billion has been retained.

The Czech Republic's state debt will grow by one-tenth to CZK 1,472bn in 2011, which will be in absolute terms an increase of CZK 136.2bn compared to this year, according to the Finance Ministry's data contained in the state budget draft for next year.

The Finance Ministry plans five state bond issues for CZK 30bn and wants to issue treasury bills for CZK 25bn in Q4 this year, according to an issuance calendar published by the ministry Wednesday.

Gas distributor Pražská plynárenská has changed its plan to keep gas prices flat in the fourth quarter of this year and will cut them by one percent or more for households as of October 1, Miroslav Vránek of the sales director office told ČTK Tuesday.

Debts of Czech households at banks and financial institutions rose by CZK 5.487bn to CZK 1,017bn in July this year, which is a year-on-year increase of CZK 74.293bn, the Czech National Bank said Tuesday.

Developer Orco Property Group made a profit of EUR 238m (almost CZK 6bn) at end-June this year against last year's loss of EUR 199m (CZK 5bn), the firm said Tuesday.