News

Car sales in the Czech Republic fell by quarter in first eight months of 2020 18.09.2020 Car sales in the Czech Republic fell by quarter in first eight months of 2020 Automotive Industry is the most important industry in the Czech Republic. Sigs of dropping car sales are warning for all industry.
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Czech industry surpasses expectations again 18.09.2020 Czech industry surpasses expectations again Czech July industrial production increased by 6% Month-on-Month. But Year-on-Year dynamics show production 5% lower, still better than analyst expectations.
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Czech economy sharply declines in second quarter 05.08.2020 Czech economy sharply declines in second quarter Decline in economical results of the Czech Republic´s economy in connection with the crises of COVID-19 is quite sharp in the second half of the year.
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Skoda Auto sees slump in sales due to coronavirus 05.08.2020 Skoda Auto sees slump in sales due to coronavirus The car industry has been hit hard by the coronavirus crisis as lockdowns halted production lines and closed showrooms. Skoda Auto, one of the driving forces of the Czech economy, saw a 33 percent drop in sales in the first half of this year.
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EC approves Czech aid to companies affected by coronavirus crisis 05.08.2020 EC approves Czech aid to companies affected by coronavirus crisis The European Commission has approved the Czech government’s scheme to help companies affected by the coronavirus outbreak.
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Czech beer industry posts losses of nearly five billion crowns due to Covid-19 05.08.2020 Czech beer industry posts losses of nearly five billion crowns due to Covid-19 The Czech beer industry recorded losses amounting to nearly five billion crowns during the period from March until the end of June as a result of the restrictive measures related to the coronavirus outbreak, Martina Ferencová of the Beer and Malt Association announced on Tuesday, citing a survey...
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Czech Nation Energy Company CEZ signs framework deal with Czech state for new nuclear unit 05.08.2020 Czech Nation Energy Company CEZ signs framework deal with Czech state for new nuclear unit The Czech government signed agreements with CEZ on Tuesday for a planned multi-billion dollar expansion of the majority state-owned utility’s Dukovany nuclear power plant.
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Czech Crown At Its Strongest Against Dollar Since September 2018 05.08.2020 Czech Crown At Its Strongest Against Dollar Since September 2018 As the epidemiological situation in the United States worsens, the crown has grown in strength against the dollar, as it was recorded the lowest CZK per USD since September 2018.
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One third of Czech households experience drop in income due to Covid-19 22.06.2020 One third of Czech households experience drop in income due to Covid-19 In the Czech Republic, the coronavirus crisis had a negative impact to mainly unemployed or self-employed people with no employees, as well as to lower-level office workers and workers in services and trade
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Czech Republic is ranked 33rd in World Competitiveness Ranking, highest among V4 22.06.2020 Czech Republic is ranked 33rd in World Competitiveness Ranking, highest among V4 According to Swiss research group IMD’s World Competitiveness Ranking, Czech Republic is the 33rd most competitive country in the world. Sweden takes the 7th place, while another Scandinavian country, Denmark, is the 2nd in the world.
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