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08/20/2024
Venus of Dolní Věstonice, the world's oldest ceramic figurine, was found to be made from fragments of rocks and tiny fossils, not mammoth bones as previously believed. The discovery was made by researchers at the Moravian Museum using micro-CT scanning. The figurine, dating back 25,000 to 29,000 years, is a crucial piece of evidence about prehistoric life and primitive art in this part of Europe. It contains extensive cracks that increase the risk of it breaking. The Venus was crafted from a single piece of loess, requiring significant skill. The figurine is rarely displayed and is kept in a vault, with a public exhibition planned for next year to mark the 100th anniversary of its discovery.
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08/20/2024
School knowledge competitions in the Czech Republic can continue to use the term "olympiad" in their titles. This decision follows a meeting between Education Minister Mikuláš Bek and the Czech Olympic Committee (ČOV), which initially requested that organizers stop using the term due to legal concerns over the use of Olympic symbols, especially with commercial sponsors. A small expert group will now draft guidelines for organizers. The Education Ministry supported 30 such competitions this year, with the most popular being the math olympiad, which attracted around 22,000 participants.
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08/19/2024
Czech President Petr Pavel stated that Ukraine's entry into NATO might not require full control over its entire territory. In an interview for Novinky.cz, he drew a parallel with West Germany's post-war NATO membership despite Soviet occupation of part of its land. At the recent NATO summit, leaders promised Ukraine an irreversible path to membership but did not extend a formal invitation. Pavel anticipates that Ukraine might negotiate peace with Russia in the coming years, potentially leading to a situation where Russia occupies part of Ukraine, though this would not be recognized by democratic states. This scenario could still allow Ukraine to join NATO.
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08/19/2024
The Prague Stock Exchange started the week on a positive note, with the PX index rising by 0.49% to 1582.10 points. The growth was driven by shares of Komerční Banka, Erste Bank, and ČEZ, while Moneta Money Bank ended in the red. The total trading volume reached 469 million CZK, with ČEZ accounting for 328 million CZK. Erste shares rose by 1.26% to 1205 CZK, Komerční Banka by 0.92% to 771.50 CZK, and ČEZ by 0.39% to 895 CZK. The Czech koruna strengthened against both the euro and the dollar.
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08/19/2024
This year's harvest in the Czechia is nearly complete, with only 0.35% of grain fields and 38 hectares of rapeseed remaining to be harvested. Despite weather fluctuations, the harvest was faster than last year. Farmers are working with the smallest cultivated area for grains in over a century, resulting in a 2.7% decrease in sown area compared to 2022. The total grain production is expected to be around 7.06 million tons, slightly lower than last year, but sufficient for domestic needs. Rapeseed production is projected at 961,000 tons, the lowest since 2006.
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08/19/2024
Four Czech volunteers who joined the fighting in Ukraine after the Russian invasion have requested a presidential pardon for serving in foreign armed forces. While Czechia supports Ukraine in its fight against Russian aggression, its Penal Code considers serving in foreign armed forces without presidential consent a crime, punishable by up to five years in prison. Two of the requests for pardon were addressed by current President Petr Pavel, and two by his predecessor, Miloš Zeman. Three cases were dismissed by the police, and one was referred to the Ministry of Justice by Pavel.
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08/19/2024
The Czech Ministry of Foreign Affairs has obtained new documents related to the death of former foreign minister Jan Masaryk from archives in France, the United States, and the United Kingdom. These documents, requested by Foreign Minister Jan Lipavský, are currently being organized and may be made public in September. Jan Masaryk was the son of the first president of independent Czechoslovakia Tomáš Garrigue Masaryk. His mysterious death on March 10, 1948, remains unresolved, with debates over whether it was suicide, murder, or an accident. The new documents could provide valuable insights into this historic case.
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08/19/2024
The Czech government is likely to grant the Financial Administration access to information on cryptocurrency transactions. Service providers in Czechia will be required to report annual crypto transactions to the tax authorities. The law aims to curb tax evasion and create equal conditions between cryptocurrency holdings and standard financial products. The proposal also includes penalties for non-compliance, with fines up to CZK 1.5 million and potential bans on operations for non-cooperating entities. The government will discuss the proposal this week.
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08/19/2024
In the second quarter, Czech family house prices increased by 1.5% quarter-on-quarter and 3.2% year-on-year, driven by interest in renovation projects. CSOB Bank reports that land prices rose 2.5% year-on-year due to limited supply. Apartment prices remained mostly stable, with a slight 0.6% quarterly increase but a 0.4% year-on-year decrease. Demand surged for affordable apartments and renovation projects, influenced by government subsidies. Sales of apartments grew by 23% year-on-year, with the strongest growth in the Plzeň and Liberec regions.
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08/19/2024
Expect partly cloudy skies with isolated showers, especially in the northeast. Evening thunderstorms likely in Bohemia. Highs of 24-28°C, up to 30°C in the southeast, with light variable winds.
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