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08.04.2022
New Czech government approves budget deficit cut
The Czech government has approved a draft state budget for 2022 that envisages a considerably lower deficit than that proposed by their predecessors.
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Sweden
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05.04.2022
Economist warns of social impact as Czech inflation nears 10 percent
Further confirmation that prices in the Czech Republic are rocketing came with the news that inflation reached 9.9 percent in January, following the sharpest month-on-month jump ever seen in the country. I discussed the inflation situation with Lukáš Kovanda, chief economist with Trinity Bank...
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Sweden
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01.04.2022
Interest in mortgages in the Czech republic has plummeted, but property prices still soaring
In January, banks and building societies in the Czech Republic granted mortgages in a total volume of around CZK 32.6 billion, a drop by more than a quarter on December, the news site Aktualne.cz reported, citing data by the Czech Banking Association. Despite that, property prices in the Czech...
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Sweden
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28.03.2022
To flourish Czech automotive industry needs to take advantage of electromobility trend, says economist
The effects of the global coronavirus pandemic and the associated chip shortage resulted in a substantial fall in Czech automobile production in 2021 and freshly released data for January showed the worst year-on-year production fall in more than 10 years.
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Sweden
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11.01.2022
Average Czech mutual fund investor got over 7 percent return in 2021
The average Czech mutual fund investor enjoyed a return of more than 7 percent in 2021. Equity funds performed better, while bond funds lost more than 2 percent on average. This follows from the Czech Investor Index (CII750) of Swiss Life Select and Thomson Reuters.
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11.01.2022
ČEZ director warns EU taxonomy plan could complicate Czechia’s energy transformation
The current European Commission sustainable finance taxonomy proposal could bring about complications when it comes to transforming the Czech energy sector, according to ČEZ CEO Daniel Beneš. Together with the Association of Industry and Trade, he has called on the Czech state to suggest...
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Sweden
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11.01.2022
Survey: Czech economy expected to grow faster in 2022, but so will inflation
The growth of the Czech economy should speed up next year, rising from this year’s 2.5 percent to 3.9 percent in 2022, based on the latest regular Finance Ministry survey published on Sunday. However, inflation is also expected to grow from this year’s expected 3.8 percent to 5.5 percent.
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Sweden
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11.01.2022
New Czech government says 2035 ban on combustion engines is “unacceptable”
The new Czech cabinet, led by Prime Minister Petr Fiala, has made it clear that it plans to effect change in many areas of
government. However, one area in which the new administration will stay firmly on course is energy policy. The new prime minister said on Sunday that the proposed EU ban on...
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Sweden
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08.12.2021
Czech Consumer Confidence Index Falls
Mainly due to the consumers confidence, Czech economy is continuing in declining, which causes the problem as well as the trust of investors.
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Sweden
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08.12.2021
IMF Downgrades Economic Forecast For Czech Republic
The Czech economy will grow by 2.6 percent this year and growth will accelerate to 3.5 percent next year, whihc is less the it was predicted.
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