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06/28/2024
National Bank Governor Aleš Michl has indicated that the central bank is ready to move, if a decision is made to adopt the EU currency. As soon as the political leadership calls for it, the central bank will create the conditions for the adoption of the euro, Michl said in an interview for Czech Television. However he added that he would welcome some more time before this happens, since he would like the Czech Republic to have a stronger crown before joining the eurozone and to be closer to Germany in terms of wages. Inflation is now below 3 percent and on Thursday the central bank board cut the base interest rate to 4.75 percent.
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06/28/2024
The Czech Ministry of Foreign Affairs says it has no information indicating that Czech nationals were among the victims of Thursday’s tragic rail accident in southern Slovakia, when a Eurocity train traveling from Prague to Budapest collided with a local bus. The bus was torn into two and both the engine and the bus caught fire. Seven people died in the accident and several more are reported injured. According to the Slovak authorities nobody on the train was killed or injured. The Czech Foreign Ministry said it had no information about Czechs missing in Slovakia, but would remain in contact with the authorities regarding developments, since the seven victims had not yet been identified.
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06/28/2024
Czech Prime Minister endorsed the nominations for the highest EU posts at the summit in Brussels on Thursday. Speaking to journalists after the meeting, Mr Fiala said he knows all three nominees personally and that they have a good relationship with Czechia. The summit nominated Ursula von der Leyen as president of the European Commission, Estonian Prime Minister Kaja Kallas as head of EU diplomacy and former Portuguese Prime Minister António Costa as president of the European Council.
Prior to the summit the Czech head of government met with Ukrainian President Volodymyr Zelensky to discuss bilateral relations, including security and economic cooperation. Mr. Zelensky subsequently posted a short clip of the meeting on the X network, and wrote that ammunition from the Czech shells-for-Ukraine initiative is already helping Ukrainian soldiers in combat.
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06/28/2024
The 58th Karlovy Vary International Film Festival kicks off in the West Bohemian spa town on Friday evening. Among the main stars at this year’s edition are Viggo Mortensen, Steven Soderbergh and Clive Owen.
The festival will open with a screening of the Western The Dead Don’t Hurt, written and directed by Viggo Mortensen, who also stars in the film. Mortensen will receive the festival’s President’s Award at the gala event on Friday night.
The festival traditionally screens around 200 films, many of them European or world premiers, and offers many accompanying events. It will run until July 6.
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06/27/2024
Czech police officers are searching the Prague apartment of Czech-born German politician Petr Bystroň from the far-right Alternative for Germany, on the basis of a request from their German colleagues, the daily Denik N reported on Thursday.
The 51-year old MP is suspected of accepting bribes from the Russian influence network Voice of Europe, a claim he has repeatedly denied. According to the DPA agency, police in Germany have previously raided the MP’s properties, including his office.
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06/27/2024
Czechia has contributed almost CZK 866 million to the initiative to supply artillery ammunition to Ukraine, Prime Minister Petr Fiala said before leaving for the European Council meeting in Brussels on Thursday. According to Mr. Fiala, the money allocated by the Czech government will be spent on the purchase of ammunition from the Czech company STV Group.The Czech head of government also said tens of thousands of munitions will be delivered to Ukraine on a regular monthly basis. The goal is to deliver up to 500,000 pieces by the end of the year, a number that is currently covered financially.
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06/27/2024
Friday will be mostly sunny with a chance or rain and storms in the evening. Daytime highs are expected to range between 28 and 33 degrees Celsius.
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06/27/2024
Most Czechs enjoy their work or find it fulfilling, according to a joint survey carried out by Nielsen, NMS Market Research and STEM/MARK in six European countries in May.
According to the survey, 55 percent of Czechs find their work fulfilling or enjoyable, while 48 percent remain in their job because they like the location. Some 35 percent don’t want to change jobs because it is well-paid and 25 percent because they have a good boss. A fifth said they stay in their job because it is not too demanding.
More than half of Czechs rate their workplace relationships as friendly. However, three out of ten regard their salary as insufficient and the same number of people consider employee benefits to be small or demotivating.
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06/27/2024
Czech 15-year-olds ranked high in an international test of students’ financial literacy created by the OECD. They placed fifth after Flanders, Denmark, Canada and the Netherlands, according to the results released by the international organization this Thursday.
The PISA benchmark testing involved 14 OECD countries and regions and six partner countries in 2022. The worst performing countries were Brazil, Saudi Arabia and Malaysia.
According to the results, around two-thirds of OECD students use financial services, while 63 percent have a bank account. Some 86 percent of students said they had made an online purchase themselves or with the help of their family in the past year.
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06/27/2024
Czech car companies and car-parts suppliers’ turnover reached CZK 1.48 billion in 2023, which represents an increase by 17 percent on the previous year, the Czech Automotive Industry Association announced at a press conference on Thursday. Czech car makers’ exports increased by 23 percent last year to nearly CZK 1.3 billion.
Car production returned to pre-crisis levels, rising 14.8 percent year-on-year to 1.398 million passenger cars. The number of electric vehicles produced rose by 34 percent to 181,000.
Presently around 142,000 people work in the car industry in Czechia. The average wage in the sector rose by 8.8 percent to CZK 54,637 per month, which is 26 percent above the Czech average wage.
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