Fuel Prices in The Czech Republic Skyrocketing Amid Global Inflation
The price for a full tank of petrol in the Czech Republic is currently at around CZK 2,000. In September, petrol and diesel prices grew by one crown per litre.…
In Brief: Czech National Bank Increases Interest Rate To 1.5%
The board of the Czech National Bank (CNB) has raised the interest rate for the third time this year. Today, it has announced a raise by percentage points to Title…
Czech Republic Sees Comparatively High Growth In Minimum Hourly Wage Since 2010
Among OECD countries, the Czech Republic has seen the fifth highest growth in the minimum hourly wage since 2010. Credit: Freepik. Czech Rep, Sep 30, (BD) - The Worldwide Wage…
New Amazon Facility To Open Near Prerov in 2023, Creating 2,000 Jobs
Global internet retail giant Amazon is building a new logistics center in Kojetin industrial park near Prerov in the Olomouc Region, which should create over 2,000 jobs when it opens…
GDP Growth and Economic Recovery Is Stimulated By Domestic Demand
According to the Czech Statistical Office (CZSO), the recovery of the Czech economy is due to growing domestic demand. The suspension of restrictive measures has revitalized consumption among Czech households.…
Inflation In The Czech Republic At Highest Rate Since 2008
Consumer prices increased by in August compared to July. This increase was influenced by higher prices in almost all sections of the consumer basket. Year-on-year, consumer prices rose by in…
National Budget Council: High Public Deficit Not Related Only To Coronavirus
In its regular quarterly report, the National Budget Council (NRR) warns that the current unprecedented high deficit in the public finances is a result of governmental spending and structural factors…
Czech Public Debt Among Lowest In EU, Though Predicted To Rise Rapidly In Coming Years
According to the Supreme Audit Office, in 2020, the Czech Republic’s public debt exceeded CZK 2 trillion for the first time, yet it is still among the lowest in the…
Czech Republic Sees Second Lowest Growth In EU In Q2 of 2021
According to Eurostat, seasonally adjusted GDP increased by 2% in the Euro area and in the EU in the second quarter of 2021. The Czech economy grew by just ,…
More Than Half A Million Working in Czech Shadow Economy
A recent study by the Invisible (“Neviditelní”) project has found that more than half a million people in the Czech Republic do not declare their income and are not thinking…