Consumption Rises Over 5%, Public Deficit Reaches 7%
According to a January report from the Czech Statistical Office (CZSO), consumption and wages are on the rise. However, the public budget deficit has reached a record CZK 420 billion,…
City of Brno Approves Financial Assistance For Cultural Enterprises Affected By Pandemic
Cultural enterprises have been among the hardest hit by the pandemic. The Brno City Assembly has therefore approved a CZK million package of financial assistance for 2021 and 2022, on…
Brno Student Wins National Award For Thesis On The Circular Economy
A student from Brno has won an award for the most interesting thesis in the Czech Republic. The thesis focuses on the circular economy, and what factors should be considered…
In Brief: Czech Foreign Trade Balance Slips To Deficit of Over CZK 13 Billion
According to data from CZSO, total exports decreased and fell below the rising total of imports, leaving the Czech Republic with a deficit of CZK billion, a worsening balance of…
Revenues Increasing In Hospitality Sector, But Still Far Below Pre-Pandemic Levels
Data from the last quarter from Storyous shows a significant increase in revenue in the Czech hospitality sector. South Moravia and Olomouc are the Czech regions with the best improvement…
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.…