Czech pension plan positive for stocks, bonds, Nomura says

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CZECH REPUBLIC - Czech pension-overhaul plans are positive for stocks, bonds and the koruna and may help the country win a higher credit rating, Nomura International said.

The government wants to allow people to divert part of their retirement-fund payments to private accounts from the state-run pay-as-you-go system. The revamp, scheduled to come into effect in 2013,...

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