Shadow Economy Claims 14% of Czech GDP

The Czech Republic’s shadow economy accounts for nearly 14% of its GDP, representing approximately one trillion crowns annually in unregistered transactions and undeclared income.

9th China Global Wood Trade Conference

The economic recovery will continue, inflation will remain low, The Czech Ministry of Finance predicts

According to the new forecast of the Ministry of Finance, the Czech economy will grow by 1.1 percent this year.

Czech Service Sector Sees Continued Expansion with 2.5% Revenue Growth in Q2 2023

The Czech Republic's service sector continues to expand steadily.

Electricity and Gas Consumption Stabilizes in Czech Republic After Years of Decline

In a notable shift from previous years’ trends, Czech Republic’s energy consumption has finally stabilized. Weather-adjusted gas consumption actually increased by 1.5%, while electricity usage saw a minimal decrease of 0.6%. However, compared to the 2017-2021 five-year average, savings remain substantial.

Czech sneaker brand got a new lease on life

Two brothers give iconic Czech sneaker brand new lease on life.

Contract for 2 nuclear units, largest in Czech History, awarded to South Korea’s KHNP

The Czech government has awarded a contract to South Korean company KHNP to build two new nuclear units at the Dukovany power station.

Czech Economy Shows Growth of 1% in 2024

The Czech economy demonstrated resilience last year with a 1% growth, according to preliminary estimates from the Czech Statistical Office (ČSÚ). The fourth quarter proved particularly promising, with GDP rising 1.6% year-over-year and 0.5% quarter-over-quarter, driven primarily by increased household consumption.

The average gross wage in the Czech Republic continuosly grows

In real terms, it increased by 4.6 percent.

Czech Economy Shows Modest Growth of 1% in 2024

The Czech economy demonstrated resilience last year with a 1% growth, according to preliminary estimates from the Czech Statistical Office (ČSÚ). The fourth quarter proved particularly promising, with GDP rising 1.6% year-over-year and 0.5% quarter-over-quarter, driven primarily by increased household consumption.