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Industrail production up, trade balance down in 2021 08.02.2022 Industrail production up, trade balance down in 2021 Industrial production increased by 6.4 % while trade balance fell to a deficit of CZK 1.5bn (GBP 50 mil) last year.
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The Czech National Bank cut GDP growth outlook to 3.0%, price outlook to 8.5% 07.02.2022 The Czech National Bank cut GDP growth outlook to 3.0%, price outlook to 8.5% The Czech National Bank (CNB) has cut its GDP growth forecast for 2022 by 0.6 ppts to 3.0%
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Třinecké železárny investing CZK 1.6bn in modernization 01.02.2022 Třinecké železárny investing CZK 1.6bn in modernization Major Czech steel producer, Třinecké železárny/Moravia Steel Group, plans to invest CZK 1.6bn (GBP 53mil) in 2022
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ŠKODA AUTO delivered 878 200 cars in 2021 13.01.2022 ŠKODA AUTO delivered 878 200 cars in 2021 It is approx. 12,5% less than in 2020, mostly due to shortage of semiconductors
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Government deficit increased to CZK 42.7bn 11.01.2022 Government deficit increased to CZK 42.7bn This value represented 2.7% of GDP.
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Export prices increased by 7.5 percent, import prices increased by 9.9 percent 13.12.2021 Export prices increased by 7.5 percent, import prices increased by 9.9 percent In October 2021, export prices in the Czech Republic grew 7.5 percent y/y and were 12.7 percent higher after adjustments for the influence of the exchange rate.
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OECD adjusts Czech economic outlook to 2.5 % growth 08.12.2021 OECD adjusts Czech economic outlook to 2.5 % growth After contracting sharply in 2020, GDP is projected to grow by 2.5 % and 3 % in 2021 and 2022, respectively, and 3.9 % in 2023. The removal of most containment measures amid steady progress with vaccinations will support a rebound in services and boost household consumption.
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Unemployment in the EU remained at 6.7 % in October, the lowest is still in the Czech Republic 06.12.2021 Unemployment in the EU remained at 6.7 % in October, the lowest is still in the Czech Republic According to seasonally adjusted data, the unemployment rate in the European Union remained at 6.7 % in October. The lowest is still in the Czech Republic, where it was 2.6 %. It announced the European statistical office Eurostat. In the euro area, unemployment fell by a tenth of a percentage...
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The standard of living in the Czech Republic rose to 94 % of the EU level last year 02.12.2021 The standard of living in the Czech Republic rose to 94 % of the EU level last year Despite the Covid-19 pandemic, the standard of living in the Czech Republic approached the average level of EU countries. Gross domestic product per capita in purchasing power parity rose from the previous 92 % to 94 %.
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Czech company CZ LOKO starts developing hydrogen-powered locomotive 25.11.2021 Czech company CZ LOKO starts developing hydrogen-powered locomotive CZ LOKO has started the development of hydrogen powered locomotive known as Hydrogen Shunter 1000. The locomotive, with a maximum output of up to 800 kW, would use hydrogen cells to recharge traction batteries. However, it should be added, that the project is still in the feasibility study phase.
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