Business
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Czech shopping splurge confirmed with June figures
Surging domestic demand was one of the key reasons with which Czech National Bank governor Jiří Rusnok justified Thursday’s 20 basis point hike in the key interest rate to…
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Czechs get interest rate hikes in early to brake booming economy
The Czech central bank has taken a first step in raising interest rates with the big question now how fast the follow up hikes will follow.
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Future of Czech engineering jewel, VPE, unclear
Certain parts of the Czech engineering sector are not experiencing the feel good effect blowing across most of the Czech economic landscape.
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Czech state surplus some way down on figure for this time last year
The Czech Republic’s state budget surplus had risen to CZK 25 billion at the end of July, up from CZK 4.6 billion at the end of the previous month, according to data…
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Czech Bitcoin community pays close attention to cryptocurrency developments
Prague is undoubtedly a hub for the use of the alternative cryptocurrency Bitcoin. But Bitcoin is now very much at a crossroads as some of its technological flaws start to…
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Broadcaster: More and more Czechs choosing autumn vacations over peak summer period
For many Europeans, summer vacations are no longer limited to the summer, and more and more consumers, including Czechs, are taking holidays in the off-season. Czech Radio…
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Czech central bank tipped to increase interest rates
According to many analysts and economists, the Czech central bank is now on the verge of raising interest rates, a move that has not been seen for almost a decade. We look…
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Czech companies raise alarm as they start to focus on the wood from the trees
Czech firms have started ringing alarm bells at the lack of locally grown timber that can meet the toughest ecological growth standards. The alarm has been prompted by…
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Czech auto production sets new records as boom continues
Newly released Czech automobile production figures for the first half of 2017 point to a continued boom in an industry that has been driving the economy in recent years…
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Czech auto industry at a crossroads
The proportion of manufacturing industry in the economy of the Czech Republic is the biggest among all EU countries. And within that, the auto sector is by far and away…
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Bankers raise forecast for growth of economy this year to 3.2 percent
The Czech Banking Association has raised its forecast for the growth of the Czech economy this year to 3.2 percent. Economists believe that household consumption will…
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Czech e-shops report record sales
Czech e-shops are going from strength to strength, the financial daily Hospodářské noviny reports. According to the daily, Czech consumers are beginning to order far more…
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