Business
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Thirty years later, was voucher privatisation a good decision?
The government scheme made it possible for any Czech adult citizen to buy a “voucher book” that contained shares in a range of state enterprises. But was it fair?
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Rising interest rates deterring Czechs from taking mortgages
Czech banks and building societies provided new mortgages to the tune of CZK 17.5 billion in April, a fall of 40 percent on March and of 60 percent on April 2021.
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Ukrainian-Czech Chamber of Commerce head: Ukrainian economy must not go bankrupt
This week saw the creation of the Ukrainian-Czech Chamber of Commerce. It's president, Petr Krogman, says that it is vital for Europe to keep the Ukrainian economy afloat.
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Czechia’s new central bank chief says it will take two years for inflation to return to normal
Aleš Michl was named the new head of the Czech National Bank by President Miloš Zeman on Wednesday.
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Interest in gold shoots up in Czech Republic
Interest in gold has skyrocketed in the Czech Republic this year, the business daily Hospodářské noviny reported on Tuesday, saying this reflected a worldwide trend.
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Fitch move sparks fears of painful cut in Czech credit rating
Credit rating agency Fitch has downgraded its outlook for the Czech economy from stable to negative. This has sparked fears it could also cut the country’s credit rating.
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Economist: Domestic trends also to blame for Czechia’s high inflation rate
The Czech National Bank (ČNB) has chosen to raise interest rates by 0.75 percentage points to 5.75 percent, the highest rate since 1999.
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Economists: Raising minimum wage would be economic suicide
The head of the Trade Union Confederation has threatened a strike if the minimum wage is not increased. But economists warn that raising it could lead to further inflation.
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Business daily: Long Shanghai lockdown could be another nightmare for Skoda Auto
Skoda Auto has been plagued by production problems in recent years due to fall-outs in deliveries. The Shanghai lockdown could spell more problems for the car maker.
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Pork production in Czechia threatened by rising costs
Last year the number of pigs on Czech farms fell by around ten thousand. Farmers warn that if the government doesn’t step in, Czech pork may disappear from the market.
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Czech Republic’s trade unions demand increase in minimum wage
The Czech Republic’s trade unions are calling for an extraordinary increase in the minimum wage.
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Households and critical infrastructure to receive gas if supplies cut
If there were an extreme shortage of natural gas in the Czech Republic supplies would only be maintained to households and critical infrastructure such as hospitals.
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