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05/23/2022
Czech National Bank Governor Jiří Rusnok has indicated that the bank board will very likely raise the interest rate further in June if the bank's latest macroeconomic forecast proves right. Speaking on Czech Television on Sunday Mr. Rusnok said it was possible that the main interest rate will cross the 6% mark in June.
The central bank board last raised interest rates on May 5. The key interest rate rose by 0.75 percentage point to 5.75 percent. It was the sixth consecutive increase of more than 0.25 percentage point.
Governor Rusnok is due to office at the end of June and will be replaced by Aleš Michl, a current board member, who has signaled that he will propose putting interest rates on hold at his first monetary policy meeting in August.
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05/22/2022
The Czech Republic has 13 million daily rations of food stored in its warehouses for emergency situations, which would cover about 1.3 days of consumption, the chairman of the State Material Reserves Administration (SSHR) Pavel Švagr said in a debate programme on Czech Television on Sunday.
To increase the food supply to last for 15 days would cost up to CZK 12 billion. The Agriculture Ministry is currently proposing to increase the budget of the organisation managing the state reserves by half a billion crowns.
Under the current law, all material reserves must be owned by the state. Under a newly proposed system, the SSHR would book the necessary commodity with the supplier and buy it only in the event of a crisis.
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05/22/2022
The Czech Republic’s Martin Fuksa has won another race at Canoe Sprint World Championships in Račice, north Bohemia on Sunday.
A day after picking up gold in the 500 metres, the 29-year-old Czech topped the podium in the 1,000 metres on Sunday.
It is the 13th victory in the series for Fuksa, who also has two World Championship titles and seven gold medals from the European Championships.
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05/22/2022
Monday will be partly cloudy with occasional showers and storms in the west and southwest of the country. Day temperatures are expected to range between 22 and 26 degrees Celsius.
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05/22/2022
The Czech Republic has to date provided special visas to 350,795 refugees from Russia’s war on Ukraine, according to data from the Ministry of the Interior on Sunday. Some 493 people were granted visas on Saturday, about 50 percent fewer than on the same day a week ago.
The visas allow Ukrainians to spend a year in the Czech Republic and give them access to health insurance, education and the labour market, while they also have a right to further assistance, including accommodation.
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05/22/2022
Power companies have fully restored electricity supplies that had been disrupted on Friday night by a powerful windstorm, Czech Radio informed on Sunday.
Some 160,000 households were left without electricity as a result of the storm that swept across most of the country, uprooting trees, damaging roofs and bringing down powerlines in places.
Fire crews were called to over 1000 emergencies in the course of Friday night. The most affected regions were Central Bohemia, Pilsen and Karlovy Vary.
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05/22/2022
ZUŠ Open, a festival promoting the country’s unique network of art schools, specializing in music, performing arts, and dance, gets underway around the Czech Republic on Sunday.
The event will offer free concerts, theatre or dance performances featuring students from more than 400 primary art schools, as well as exhibitions of their artworks.
The festival, organised in cooperation with the Magdalena Kožená Foundation, will run until May 29. Selected events will also take at the European Parliament as part of the upcoming Czech EU Presidency.
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05/22/2022
The Czech Republic defeated Norway 4:1 at the World Ice Hockey Championships in Finland’s Tampere on Saturday night. David Pastrňák scored two goals, with the other goals coming from Jakub Vrána and Roman Červenka.
The national team, led by coach Kari Jalonen, moved into third place in the Group B ahead of the Americans, who they will face on Monday. The Czechs will finish the group stage with a match against Finland on Tuesday.
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05/21/2022
The Czech Republic is aiming to spend two per cent of GDP on defence as early as 2024, a year earlier than the government committed to in its programme statement, Prime Minister Petr Fiala said after meeting with President Miloš Zeman's expert team in Lány on Saturday.
Mr Fiala also said he would represent the Czech head of state at the NATO summit in Madrid in June. The participants of the meeting also discussed the issues of the upcoming Czech Presidency of the EU Council, Russian aggression in Ukraine and energy security.
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05/21/2022
Sunday is expected to be sunny to partly cloudy with day temperatures ranging between 20 and 24 degrees Celsius.
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