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08/10/2022
While official estimates based off registered residents place Prague’s population at around 1.3 million, a newly released analysis conducted by the Prague Institute of Planning and Development (IPR) suggests that this is around 300,000 people short of the real number. The institute’s director, Ondřej Boháč, says that there are around 1.6 million permanent residents in Prague, with a further 200,000 people commuting to the capital daily from the surrounding Central Bohemian Region.
The institute based its estimate off anonymous data gathered from mobile operators.
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08/10/2022
This year’s dividends from the state-majority-owned energy conglomerate ČEZ will be used by the government to mitigate the impacts of the energy crisis, Finance Minister Zbyněk Stanjura told Czech Radio on Wednesday.
ČEZ’s net profit in the first half of 2022 lay at CZK 33.6 billion, a year-on-year increase of CZK 32 billion. Current predictions estimate that the conglomerate’s overall net profit for this year will reach between 60 to 65 billion crowns, with more than half of the dividends going to the Czech state.
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08/10/2022
July saw year-on-year inflation reach 17.5 percent, rising for the 13th month in a row, the Czech Statistics Agency reported on Wednesday. However, in month-on-month terms, inflation grew by 1.3 percent in July, the lowest registered rise since February.
The sharpest rise was registered among energy and food prices. Gas, for example, saw a year-on-year price rise of 59.8 percent. Meanwhile, electricity prices rose by around a third.
Analysts questioned by the Czech News Agency highlighted that the July increase was lower when compared to the steep climb registered in previous months. However, they also noted that this may be down to the methodology used by the statisticians. Czech Banking Association analyst Jakub Seidler said that he expects inflation to attack the 20 percent mark in the coming months, with a noticeable decrease only occurring next year.
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08/10/2022
The oil supplies to Czechia via the Druzhba pipeline should be resumed within a few days, the pipeline operator Mero told the Czech News Agency, confirming the halt of oil flows. According to the company, oil supply to the Litvínov refinery is fully secured from operational reserves located in Nelahozeves, central Bohemia.
Russia’s state pipeline operator Transneft on Tuesday said it had stopped shipments through the southern branch of the Druzhba oil pipeline flowing through Ukraine to Czechia, Slovakia and Hungary last week.
According to Transneft, the payment it had sent to its Ukrainian counterpart Ukrtransnafta had been refused due to complications with EU sanctions. The Ukrainian company had subsequently stopped the shipments.
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08/10/2022
In football, Czech team Viktoria Plzeň has advanced to the final round of the Champions League playoff qualifiers after defeating Moldova’s Sheriff Tiraspol 2-1 in the second leg of their third-round tie at home on Tuesday. The Czech goals were scored by Jan Kliment and Jhon Mosquera.
The Czechs will next face Quarabag on Wednesday in the Azerbaijani capital Baku. The winner of the play-off round will advance to the group stages of Europe’s most prestigious international club tournament.
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08/09/2022
Russia’s state pipeline operator Transneft said it had stopped shipments through the southern branch of the Druzhba oil pipeline flowing through Ukraine to Czechia, Slovakia and Hungary last week, the Interfax news agency wrote on Tuesday.
According to Transneft, the payment it had sent to its Ukrainian counterpart Ukrtransnafta had been refused due to complications with EU sanctions. The Ukrainian company had subsequently stopped the shipments.
The northern leg of the Druzhba pipeline, which runs through Belarus to Poland and Germany, was unaffected.
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08/09/2022
Czechia currently ranks as the country with the least affordable housing in Europe, according to a new study published by Deloitte. Czechs with an average salary now have to work 13.3 years to buy a medium-size apartment of 70 square metres if having no other expenses.
According to Deloitte Real Index, the average price of a new flat sold in Czechia stands at CZK 90,500 per square meter, while the average gross monthly wage in Czechia is CZK 37,929.
Compared to other large cities in central Europe, Amsterdam is the only city less affordable than Prague, with the cost of owning a home amounting to 15.3 average salaries.
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08/09/2022
Wednesday is expected to be mostly sunny with occasional clouds and day temperatures ranging between 24 and 28 degrees Celsius.
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08/09/2022
The annual Brutal Assault heavy metal festival gets underway on Tuesday at an old military fortress in Josefov, some 130 kilometres east of Prague. The 25th edition of the event takes place after a two-year break caused by the Covid-19 pandemic and features over 150 bands from all over the world. According to organizers, the biggest highlight is the heavy metal band Mercyful Fate from Copenhagen, led by vocalist King Diamond.
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08/09/2022
Over five million tourists stayed in accommodation facilities in Czechia during the second quarter of 2022, which represents a year-on-year increase by 229 percent, according to the latest figures released by the Czech Statistics Office.
However, that figure is still below pre-Covid levels, with nearly 5.8 million guests arriving in mass accommodation facilities during the same period in 2019.
The majority of last year’s guests, 3.1 million, were domestic tourists, with the exception of Prague, where three quarters of the guests were foreigners. The largest number of foreign tourists traditionally came from Germany, followed by Slovaks and Poles.
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