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New Czech government approves budget deficit cut 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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Economist warns of social impact as Czech inflation nears 10 percent 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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Interest in mortgages in the Czech republic has plummeted, but property prices still soaring 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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To flourish Czech automotive industry needs to take advantage of electromobility trend, says economist 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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Average Czech mutual fund investor got over 7 percent return in 2021 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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ČEZ director warns EU taxonomy plan could complicate Czechia’s energy transformation 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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Survey: Czech economy expected to grow faster in 2022, but so will inflation 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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New Czech government says 2035 ban on combustion engines is “unacceptable” 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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Czech Consumer Confidence Index Falls 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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IMF Downgrades Economic Forecast For Czech Republic 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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