Although inflation in the Czech Republic did not reach negative levels in 1Q 2015, unlike the analysts’ expectations, it will remain very low throughout the year.
The Ministry of Industry and Trade of the Czech Republic (MPO) has submitted for comments the government regulation on the state energy concept and local energy concepts.
CzechInvest will be split into two organisations before the end of 2015.
Credit standards of bank when approving loans to non-financial companies loosened in the scope of 44% of the net market share in the first quarter of 2015, according to the Czech National Bank, which added that the loosening applied to all types of loans and companies in terms of their size.
The Czech Republic’s gross domestic product (GDP) could be 2.4% higher in 2015 (and 2.6% higher in 2016).
The government should not delay the approval of the new energy concept any further, the chairman of the executive board of the Heating Association of the Czech Republic and former Czech Prime Minister Mirek Topolánek has stated in Czech Television’s political discussion show Otázky Václava Moravce.
The total public finance deficit in 2016 should be below 2% of GDP, Prime Minister Bohuslav Sobotka (ČSSD) has commented on the readied state budget draft for 2016.
Czech Republic’s total government debt dropped by CZK 600m to CZK 1.6631 trillion in Q1 2015.
Electricity exports from the Czech Republic totalled 2.39 million MWh in March 2015. Imported electricity reached -698,872.10 MWh.
The amendment dramatically changes the position of the regulator, which will no longer be able to effective prevent the growth of energy prices, i.e. electricity, gas and heat bills for end customers, the spokesperson for the Energy Regulatory Office (ERÚ), Jiří Chvojka, told ČIANEWS in response to the approved amendment to the energy act.