Business
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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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ČEZ director warns EU taxonomy plan could complicate Czechia’s energy transformation
The current European Commission taxonomy proposal could bring about complications when it comes to transforming the Czech energy sector, according to ČEZ CEO Daniel Beneš.
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Czechs mass buying holidays to Turkey amid lira crash
Czech travel agencies are reporting extraordinary interest for holidays in Turkey, as Czechs are enticed by the rapid crash of the Turkish lira.
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Survey: Czech economy expected to grow faster in 2022, but so will inflation
The growth of the Czech economy should speed up next year, rising from this year’s 2.5 percent to 3.9 percent in 2022, based on the latest regular Finance Ministry survey.
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Interest in office space down as new building construction slows markedly
Fewer new offices have been built in the Czech Republic in 2021 than in the previous five years, with Covid and uncertainty regarding the future causing developers to wait.
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