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09/20/2022
Czechia’s foreign debt decreased by CZK 64 billion in the second quarter of 2022, lying at CZK 4.567 trillion at the end of June. However, in year-on-year terms, the country’s foreign debt is CZK 338 billion higher than it was at the same time last year, according to preliminary data released by the Czech National Bank on Tuesday.
Czechia’s foreign debt is currently equivalent to 74.3 percent of its GDP.
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09/20/2022
Monday’s funeral of Queen Elizabeth II was dignified, spiritual and carried an air of the greatness of the deceased monarch, Czech Prime Minister Petr Fiala told Czech Television after the event. The Czech head of government, together with his wife, represented Czechia at the funeral in London. He was seated in Westminster Abbey behind US President Joe Biden, something that Fiala said was a dignified position for Czechia.
The Czech prime minister said that he also had the opportunity to speak to Britain’s new monarch, Charles III, and invited him to Prague. Charles III, for his part, recalled meeting Mr Fiala 12 years ago when the Czech was still a university professor. He also mentioned the projects that he took part in in Czechia, such as helping restore the Baroque gardens below Prague Castle.
Charles III, Mr Fiala said, has all the prerequisites to be a good king, possessing humanity, empathy and an interest in current world issues.
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09/19/2022
The first ship carrying liquefied natural gas (LNG) for Czechia has arrived at the Dutch port of Eemshaven and is getting ready to lay anchor, ČEZ spokesman Roman Gazdík told the Czech News Agency on Monday. The ship arrived from the United States and carries 100 million cubic metres of gas, Mr Gazdík said. It is the first of eight shipments planned for this year.
Czechia has rented part of the terminal in Eemshaven and it is expected that the LNG supplied through the facility will be sufficient to cover up to a third of the country’s annual gas requirements.
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09/19/2022
The Council of Prague City Hall on Monday approved a plan to purchase up to 200 new trams and asked the Prague Public Transit Company (DPP) to commission the relevant tender, website Zdopravy.cz reports. It is the first time in 17 years that a tram tender will be held in Prague.
Councillor for Transport Adam Scheinherr said that City Hall will order 40 carriages to be delivered by 2026, with the contract allowing for a further purchase of 160 vehicles depending on need.
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09/19/2022
Automobile production rose by 3.4 percent year-on-year in the first eight months of 2022, the Czech Automotive Industry Association announced on Monday.
Car manufacturing was 8.5 percent behind last year’s numbers in the period of the first half of 2022, but the summer months saw a major increase, with the month of August registering a year-on-year increase by as much as 147 percent. In fact, summer car manufacturing numbers even slightly exceeded the pre-pandemic year of 2019, by 114.
The rise is mainly down to an increase in Czech production of Toyota and Hyundai brand vehicles. Meanwhile, Škoda Auto, the country’s premier manufacturer, saw its numbers still 6.9 percent lower than last year. However, the association reports that Škoda has also been catching up its year-on-year deficit over the past three months.
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09/19/2022
The government plans to raise pensions by CZK 825 in January to an average monthly total of CZK 19,500, Czech Radio reported on Monday citing the Ministry of Labour and Social Affairs. The increase should see the average pension be equivalent to 49.5 percent of the average wage in the country, the ministry states.
The proposed increase should see pension expenditures rise by CZK 82 billion in 2023, when compared to this year. There are currently 2.84 million people in Czechia receiving old-age, disability, or widower’s pensions.
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09/19/2022
Aside from EU leaders, Czechia also plans to invite representatives of Israel, the United Kingdom and of the western Balkan states to next month’s meeting of European leaders in Prague, Czech Radio reported on Monday, citing the Minister for European Affairs Mikuláš Bek.
Representatives of the Czech government, together with European Council President Charles Michel, are currently finalising the list of attendees. Mr Bek said that all of the states from the EU’s Eastern Partnership, except for Ukraine, will also be present at the meeting.
Prague will be hosting an EU summit on October 7. Members of the wider European Political Community are expected to meet at Prague Castle a day earlier. Mr Bek said that it is expected that this platform of European states, proposed by France’s President Emmanuel Macron in May of this year, will meet regularly in the future.
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09/19/2022
Temperatures are expected to range around 12 degrees Celsius on Tuesday, with overcast skies and rainfall predicted across the country.
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09/19/2022
Banks and insurance companies in Czechia saw their aggregate net profits rise by CZK 23.6 billion to CZK 54.61 billion in the first half of 2022, according to data from the Czech National Bank. Meanwhile, interest income increased by CZK 104.6 billion to CZK 186.1 billion.
The government is considering issuing a windfall tax on banks, the Czech News Agency reported on Monday, but have not yet announced details of the plan. They expect that it could bring around CZK 70 billion into the budget. Finance Minister Zbyněk Stanjura has said in the past that the tax should concern energy companies, banks and refineries.
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09/19/2022
A serval escaped from its owner in Prague 4 and, according to an animal capture coordinator the animal could be dangerous, Czech Police reported on their Twitter account on Monday. The wildcat, which is widespread in sub-Saharan countries, is about 60 centimetres in height and responds to the name “Baby”.
Those who encounter it should call the 112 emergency phone line, according to the police account.
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