Czech households richest in Central and Eastern Europe

The financial situation of Czech households has improved by over ten percent when compared to last year, according to a study made by the Italian UniCredito group. Households in seven Central and Eastern European countries were reviewed and results suggest that Czech households are currently the richest in the region. However, those of Poland and Slovakia are quickly catching up. The study looked into bank savings, stock and bond investments, and also life insurance policies but did not include the real value of property, i.e. cars, land, and real estate.