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06/30/2022
The Czech audiovisual industry achieved a record turnover of almost CZK 12 billion in 2021, surpassing so-far the best turnover of CZK 9.46 billion from 2019, the Audiovisual Producers’ Association informed in its annual report released on Thursday.
However, the APA expects the industry to decline in the coming years to the level it reached in 2010, when the industry’s turnover stood at CZK 3.58 billion. According to the association, one of the reasons behind the expected crisis of the sector is the decision of the State Cinematography Fund to temporarily suspend incentives for foreign filmmakers due to lack of finances.
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06/30/2022
The Czech economy grew by 4.9 percent year-on-year in the first quarter of 2022, according to a revised estimate released by the Czech Statistics Office on Thursday. A previous estimate issued at the end of May put the expansion of GDP 4.8 percent.
The quarter-on-quarter gross domestic estimate product growth remained at 0.9 per cent. In contrast, in the first quarter of last year the economy’s performance declined year-on-year as a result of the Covid-19 pandemic.
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06/30/2022
Czech coal miner OKD will extend mining at least until the end of 2023, Finance Minister Zbyněk Stanjura and OKD board chairman Roman Sikora announced on Thursday, adding that the country has enough thermal as well as coking coal.
The company currently has thermal coal contracts concluded with key customers until June 30, 2023. OKD management will start seeking mining permits for the next period, which would allow it to secure coal supplies for key customers until 2025.
Coal production in the EU has been declining since 1990, along with the number of countries mining hard coal. In 1990, black coal was mined in 13 EU countries, but now it is only mined in Poland and the Czech Republic, where OKD is the only producer.
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06/30/2022
The Czech Republic had the lowest rate of unemployment in the European Union in May, the Czech News Agency reported on Thursday citing Eurostat data.
The general level of unemployment in the EU stood at 6.1 percent in May, remaining at April's level. In the Eurozone the unemployment rate fell by a tenth of a percentage point to 6.6 percent.
Data from the Czech Statistics Office indicates that unemployment lay at 2.5 percent in the Czech Republic in May. The country has had one of the lowest unemployment rates in the EU for several years now.
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06/30/2022
The willingness of Czechs to help refugees from Ukraine has been declining, suggests a survey released by the STEM agency on Thursday. Some 53 percent of people approved of the aid in mid-June, down by 11 percentage points compared to April. According to STEM, the decline is related to people’s concerns about the development of the economic situation.
The number of people who fundamentally reject aid to refugees has also increased, from 16 percent in April to 26 percent in May. The survey also shows that almost six out of ten people consider it right that Czechia accepts refugees fleeing from Ukraine, compared to seven out of ten in April.
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06/30/2022
Sweden is ready to offer the Czech Republic the Gripen fighter aircraft it has on loan for free, if the government opts in favour of Gripen aircraft after the loan expires, Sweden' s ambassador to the Czech Republic, Fredrik Jörgensen, told the Czech Press Agency in an interview. He said the planes would be modernised and the Czech Republic would be able to buy the latest version of the Gripen aircraft, the Gripen E. According to the ambassador, the Swedish manufacturer Saab could deliver the new machines without a long waiting period. He also pointed out that the Czech army would not have to change the base facilities needed for the aircraft. The Czech Republic has leased 12 Gripen C/D fighter aircraft in single-seat version and two in two-seat version from Sweden. The lease expires in 2027 and can be extended for two years.
The Fiala government must decide as soon as possible what fighter aircraft the Czech army will use after the end of the lease of Swedish Gripen aircraft in 2027. The US and Sweden are both interested in the billion crown contract.
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06/30/2022
The subsistence minimum, a minimum level of income which is considered necessary to ensure sustenance and other basic personal needs, will increase by 8.8 percent from CZK 4 250 to CZK 4 620, from July 1, Labour and Social Affairs Minister Marian Jurečka said after Wednesday’s cabinet session.The minimum wage will rise from CZK 2 740 to CZK 2 980. The government approved the hike in view of the soaring inflation which is now at over 16 percent. The subsistence minimum was last increased in April of this year, by ten percent.
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06/29/2022
President Miloš Zeman appointed Vladimir Baláš to the post of education minister on Wednesday. Mr. Baláš, who has experience in education and research, is replacing Petr Gazdik, who resigned from office over his close links to lobbyist Michal Rédl, the man at the centre of a corruption scandal at Prague City Transport.
Baláš said that as education minister he planned to continue with the reforms outlined by his predecessors. He said the way forward was to move from simple memorization to a skills-oriented education.
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06/29/2022
Thursday should be partly cloudy with day temperatures between 26 and 30 degrees Celsius and as high as 35 in the eastern parts of the country.
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06/29/2022
The army and the military police will be called into action during the Czech Republic’s Presidency of the EU Council. According to a spokesperson from the General Staff the army has allocated 120 professional soldiers, including explosives experts and dog handlers, to the Police of the Czech Republic, for a period of six months. They will be in charge of security operations at the various EU events planned and assist with the transport of delegates to and from Prague airport, where an operations centre has been set up to coordinate the activities of the various units involved.
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