Business
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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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Czech donations to Ukraine surpass all previous records
More than CZK 2 billion has been collected in the Czech Republic for humanitarian and military aid to the Ukraine since the country was invaded by Russia.
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Economist Tomáš Sedláček: I am proud of how fast the West agreed on sanctions
The democratic world is exerting unprecedented economic pressure on Russia to try to stop the war in Ukraine. But will it be enough to stop Putin? Economist Tomáš Sedláček:
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Czech automotive industry needs to take advantage of electromobility trend, says economist
According to Jan Bureš, the chief economist at Patria Finance, the Czech Republic needs to get serious about attracting electromobility investment.
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Czech mint produces a series of unique gold investment coins
The Czech Mint in Jablonec nad Nisou has just given a select few the chance to invest a whopping 14 million crowns in the biggest gold coin ever minted on the Continent.
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Interest in mortgages has plummeted, but property prices still soaring
In January, banks and building societies in the Czech Republic granted mortgages in a total volume of around CZK 32.6 billion, a drop by more than a quarter on December.
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Economist warns of social impact as Czech inflation nears 10 percent
Further confirmation that prices in the Czech Republic are rocketing came with the news on Monday that inflation reached 9.9 percent in January. What comes next?
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Czech retailers struggling with shortage of cross country skis
While the skiing season in the Czech Republic is in full swing, sporting gear retailers across the country are struggling with a shortage of cross country skis and boots.
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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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