Business
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Fiala government approves budget deficit cut
The Czech government has approved a draft state budget for 2022 that envisages a considerably lower deficit than that proposed by their predecessors.
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Czech National Bank raises interest rate to 20-year high
The Council of the Czech National Bank (CNB) chose to raise its base interest rate from 3.75 to 4.5 percent on Thursday, to its highest level in twenty years.
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Czechs have twice as much gold at home than Czech National Bank
The gold holdings of private households in Czechia are twice as high as the gold reserves of the Czech National Bank, suggests a new survey by gold investor Zlato.cz.
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Private sector wages rising by up to 20 percent in some sectors, says ManpowerGroup CEO
High rates of inflation and rising energy prices are leading to calls for higher wages. Companies in the private sector are following demand and increasing salaries.
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Covid treatment abroad presents burden for local insurance providers
Czech insurers have already paid dozens of millions of crowns for the treatment of complicated Covid cases in exotic countries as well as for repatriation flights.
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Car sales up in Czechia in 2021 despite fall in production
Production of passenger cars fell in the Czech Republic in 2021. However, there was a slight rise in the number of cars sold.
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National Bank: Inflation should rise by up to 10 percent
The Czech National Bank's director of budgetary forecasts committee says that inflation should rise to 9 or 10 percent, but is unlikely to exceed that rate for long.
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Survey: Half of Czechs only have savings for three months
Half of Czechs do not have financial reserves for more than three months, according to a survey conducted by Ipsos Mori and commissioned for Provident Financial.
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Survey: Czech companies faced growing number of cyberattacks last year
Czech companies faced over 1,000 cyberattacks per week last year, the Czech News Agency reported this week, citing newly released data by the security company Check Point.
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PwC Survey: Most Czech company bosses expect inflation to remain at over 5 percent in 2022
Three-quarters of Czech companies raised prices last year, according to the newly released annual PwC CEO Survey. Bosses expect the rise in prices to continue.
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With growing energy prices, Czech households increasingly investing in solar power
On the backdrop of rapidly growing energy prices, businesses have registered growing interest in rooftop solar power systems among Czechs.
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Index: Average Czech mutual fund investor got over 7 percent return in 2021
The average Czech mutual fund investor enjoyed a return of more than 7 percent in 2021. Equity funds performed better, while bond funds lost more than 2 percent on average.
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