Business
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March sees year-on-year inflation jump of 12.7 percent
Inflation rose by 12.7 percent year-on-year in the Czech Republic in March, up from 11.1 percent the previous month. This was the biggest such increase since May 1998.
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Economist: Cutting VAT on fuels will only stimulate demand and help finance Russia’s war in Ukraine
Economist David Marek says the government's decision to cut the VAT on fuels will not only be costly, but will stimulate demand and help finance Russia's war on Ukraine.
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Czech Republic bracing for potential disruption of gas supplies from Russia
The Czech Republic is bracing for a possible disruption in gas imports from Russia, as Moscow stands firm on its demand for payments in roubles.
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Mortgages to become more difficult to get as stricter rules take effect in Czechia
Starting this Friday, buying a home in Czechia will become even more difficult than it was until now.
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Plan for scores of hydrogen filling stations by 2030 looking shaky
There should be 80 hydrogen filling stations in the Czech Republic by 2030 under official government plans. However, this is now being called optimistic.
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Public transport companies want action over fuel prices
Czech public transport authorities have joined road hauliers in calling for government action to combat a rise in fuel prices.
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Czech banks welcoming refugees but struggling to meet demand
Czech banks are making efforts to welcome Ukrainian refugees. However, they are struggling to meet demand for new accounts, iHned.cz reported.
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Czech bakers call for limits on wheat exports
Czechia should limit wheat exports, as the price of the grain has almost doubled year-on-year due to the war in Ukraine, says the Association of Bakers and Pastry Chefs.
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Labour survey: Ukrainian refugees mainly interested in short-term jobs
Ukrainian refugees now entering the Czech jobs market are primarily interested in manual labour and short-term employment, according to a survey by the Czech News Agency.
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Tender for new nuclear unit in Dukovany launched after years of delays
The Czech power utility ČEZ has launched a tender for the construction of a new nuclear unit at the Dukovany power plant.
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Economist: Huge risk of even higher inflation
Fuel prices are continuing to rise and have already reached historic highs in the Czech Republic.
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Economist: Czechs need to extend mining for independence from Russian gas
Things were already looking grim for the economy before Russia’s war on Ukraine, but now many Czechs are bracing themselves for massive price increases.
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