```html

The Prague Stock Exchange rose on Monday, with the PX index gaining 1.20 percent to a new weekly high. Analysts are commenting on CSG's Friday refinancing deal worth 74 billion crowns – banks believe in the arms manufacturer, but markets remain cautious. The harvest in the Czech Republic has progressed significantly; farmers have harvested more than half of the grain area. On Thursday, July 30th, the earnings season peaks – Commercial Bank, Erste Bank, and the real estate group CTP will publish their results for the first half of the year.

The Prague Stock Exchange rose on Monday. The PX index increased by 1.20 percent to 2,686.26 points. Commercial Bank shares, Erste Group's banking group, and the arms and engineering group Czechoslovak Group were the main drivers of the stock market's growth.

CSG announced last Thursday that it had secured a new syndicated loan of up to €3.062 billion, approximately 74 billion crowns, through a bank consortium led by BNP Paribas. The group intends to draw approximately the same amount from the loan as from previous loans – around €1.7 billion – but with a more staggered repayment schedule and interest rates reduced by 1.25 to 1.5 percentage points. Analysts interviewed by Hospodářské noviny assessed the refinancing positively, seeing it as evidence of banks' confidence in the group. However, the news had only a short-term impact on the actual share price of CSG, which has lost more than half its value since its January IPO in Amsterdam.

The harvest in the Czech Republic has progressed significantly after a month of harvesting activities. Farmers have currently harvested more than half of the grain area and nearly two-thirds of the rapeseed area. They are harvesting much faster than last year, when, due to unfavorable weather conditions, only 22.2 percent of the grain area and approximately one-third of the rapeseed area had been harvested by this time. This information was provided by the Ministry of Agriculture.

gnews.cz - GH

image.png
Tradingeconomics.com

```