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Government caps energy prices for large companies 31.01.2023 Government caps energy prices for large companies The Czech government has finalised legislation on the energy price cap for large companies, which is based on the temporary crisis framework negotiated within the EU.
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Industrial manufacturers up 20%; construction up 12% 18.01.2023 Industrial manufacturers up 20%; construction up 12% Agricultural producer prices are up 27.3% y/y in December 2022. Industrial producer prices are up 20.1%.
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ČEZ & ČEPS test chargers with battery, photovoltaics 09.01.2023 ČEZ & ČEPS test chargers with battery, photovoltaics In collaboration with ČEPS, ČEZ is testing a battery in Vestec near Prague, which should help stabilise the Czech distribution system in the future.
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Government will not set date for Euro adoption 29.12.2022 Government will not set date for Euro adoption The government has accepted the joint recommendation of the Czech Ministry of Finance and the Czech National Bank not to set a date for the adoption of the euro.
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EU to expand allowances to iron and fertilizer imports 19.12.2022 EU to expand allowances to iron and fertilizer imports The Czech Presidency of the Council of the EU (CZPRES) announced the reaching of a preliminary agreement between EU member states and the European Parliament on the introduction of a carbon duty to be paid by suppliers of iron, steel and fertilizers when imported into the Union.
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Trade deficit widened to CZK 27bn, mainly due to energy 09.12.2022 Trade deficit widened to CZK 27bn, mainly due to energy The balance of foreign trade in goods at current prices ended with a deficit of CZK 26.8bn in October 2022, up CZK 10.0bn y/y, according to preliminary data.
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Business confidence fell, consumer confidence rose 4.1 p 28.11.2022 Business confidence fell, consumer confidence rose 4.1 p The aggregate confidence indicator increased 0.3 points month on month to 90.1 in November 2022. Business sentiment decreased by 0.4 points to 93.0.
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AutoSAP: Automotive nears pre-crisis production levels 22.11.2022 AutoSAP: Automotive nears pre-crisis production levels A total of 1,000,375 passenger cars were produced in the Czech Republic between January and October 2022, up 11.2% y/y.
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MF: Inflation to remain high next year 11.11.2022 MF: Inflation to remain high next year The Czech economy will grow by 2.4% in 2022. This information was published by the Czech Ministry of Finance (MF) in its November macroeconomic forecast.
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Daikin to invest EUR 50m in Brno in heat pump production 25.10.2022 Daikin to invest EUR 50m in Brno in heat pump production Daikin, the Japanese manufacturer of air-conditioning systems and heat pumps, will invest EUR 50m in expanding production in Brno.
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