• 04/20/2022

    Thursday will see temperatures range around 12 degrees Celsius, with overcast skies but no rainfall.

  • 04/20/2022

    Genetically modified crops, support of low-carbon energy sources and societal resilience are the main topics that the Czech Academy of Sciences wants to focus on during the Czech Republic’s six-month presidency of the EU Council which will commence from July this year. The goals of the institution were outlined by its chairwoman, Eva Zažímalová, in Prague on Wednesday.

    Mrs Zažímalová said that experts from the academy will focus on explaining the importance of the scientific topics to the public. Nuclear power and renewables are the path towards a low-carbon economy that the Academy wants to propagate, she said. Meanwhile, genetically modified crops provide hope for the global population that it could have sufficient food sources despite the effects of climate change, according to the chairwoman.

    Attending the conference was also Prime Minister Petr Fiala, who said in his speech that supporting scientists was one of the key priorities of his government. Mr Fiala said that he and his cabinet want to improve the country’s institutional support for research institutions, ensuring a steady supply of funding for development.

  • 04/20/2022

    March saw a further acceleration of price rises in various sectors of the Czech economy, data from the Czech Statistics Agency show. Year-on-year prices in the agriculture rose to 27.2 percent as opposed to February’s 22.9 percent. In the industry sector prices rose by 24.7 percent in March, nearly 3 percent more than in the previous month. Meanwhile, in the construction sector, prices grew year-on-year by 10.4 percent an increase by 0.5 percentage point when compared to February.

    Prices rose also in month-on-month terms. The agriculture sector saw price growth reach 5.4 percent between March and February. In the industry sector prices rose during the same period by 4.2 percent, in the construction sector by 1 percent and market service prices for businesses rose by 1.4 percent.

  • 04/20/2022

    Entrepreneurs in the Czech Republic expect to see their costs of running business rise by tens of percentage points this year, according to a survey conducted by the country’s Chamber of Commerce. The costs of energy, entry materials and transportation are all expected to rise and, as a consequence, more than 80 percent of entrepreneurs say that they will have to raise the prices of their consumer products.

    The highest rise in prices is expected by business operating in the manufacturing and construction sectors. Around a half of all respondents said that they expect their prices to rise between 10 to 20 percent, with roughly a third of the survey respondents saying that the cost of their products will increase by more than a fifth of what they were last year.

    However, some entrepreneurs, especially smaller business owners, said that they will lower their prices.

  • 04/20/2022

    The head of the Czech National Bank (CNB), Jiří Rusnok, says he is not ruling out a further rise in interest rates at the next meeting of the bank board which is set to take place in May. Speaking Wednesday, on the occasion of the opening of a new public information centre, Mr Rusnok also ruled out any lowering of the bank’s interest rates this year.

    The last time the Czech National Bank raised its interest rates was in the beginning of April, when the two-week repo rate rose by 0.50 percentage point to 5 percent, the discount rate rose by the same amount to 4 percent and the Lombard rate was set to 6 percent. According to the CNB, the current base interest rate now lies at 5 percent, which is the highest it has been since 2001.

    The year-on-year inflation rate lay at 12.7 percent in March. It has been rising sharply ever since the second half of 2021 and is currently one of the highest among all EU member states. Mr Rusnok said that he expects inflation will culminate at around 13 to 14 percent in the next months, but he expects that it will begin to fall towards the end of the year.

  • 04/20/2022

    The National Cyber and Information Security Agency says a number of important Czech websites came under attack on Wednesday morning. The agency said on Twitter that it was monitoring the situation and had not recorded any major impact. It also referred to an earlier warning of possible cyber-attacks it had given in connection with Russia’s war on Ukraine.

    Among the sites subjected to DDoS attacks on Wednesday were those belonging to Czech Rail, the state administration and airports.

    Author: Ian Willoughby
  • 04/20/2022

    The number of recorded Covid deaths in the Czech Republic has now passed 40,000, reaching 40,022 on Tuesday. The country has a population of 10.7 million and has suffered one of the world’s worst per capita death rates since the coronavirus pandemic began.

    Infection rates in the Czech Republic continue to drop from a record high in February, with 3,584 new cases registered on Tuesday; there were also 686 reinfections.

    Author: Ian Willoughby
  • 04/19/2022

    Czech armaments companies are to repair Ukrainian heavy military vehicles, the Czech Ministry of Defence said on Tuesday. The first contract will be for the repair of T-64 tanks by Czechoslovak Group companies. In future this could be extended to also include repairs on BRD and BRDM armoured scout cars and further Czech firms may take part, the ministry said, without saying how many vehicles could be fixed.

    The Czech minister of defence, Jana Černochová, said the Czech Republic was the first partner country that Ukraine had officially addressed with a request to repair machines that needed to be put into operation or had been damaged in battle.

    Author: Ian Willoughby
  • 04/19/2022

    A new polls indicates that 78 percent of Czechs agree with the country’s membership of NATO, which is the highest figure recorded since 1994. The survey by the STEM agency, which was conducted at the turn of April, also indicated that only 10 percent believe that there is no threat of military conflict in Central Europe.

    Three-quarters of those surveyed said Russia was the clear guilty party in the war in Ukraine. Four percent of Czechs strongly support Russia, the poll suggests.

    Author: Ian Willoughby
  • 04/19/2022

    It should be mainly overcast in the Czech Republic on Wednesday, with an average high temperature of 11 degrees. Similar weather, with the chance of sunshine, is expected on the following days.

    Author: Ian Willoughby

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