In 2014, the Czech Republic’s gross domestic product is expected to add 2.4%, according to the information provided by the Czech Banking Association (ČBA) in its October macroeconomic forecast.
On Wednesday October 22, 2014, the Chamber of Deputies of the Parliament of the Czech Republic approved in the first reading the basic parameters of the 2015 state budget.
Czech Minister of Industry and Trade Jan Mládek (ČSSD) has met representatives of the Czech-Moravian Confederation of Trade Unions (ČMKOS) and trade union organisations representing employees in the field of the mining industry and energy to discuss the prepared amendment of the Mining Act.
The priority of President Miloš Zeman’s trip to China will be to bring Chinese investments into the Czech Republic.
According to the minutes of the cabinet meeting, the Government of the Czech Republic approved a draft of the act on business conditions and state administration execution in energy fields and on amendment to certain acts (energy act) on October 20, 2014.
The 2015 draft budget counts on a decline in total operating expenses (without salaries) by CZK 3bn.
The amendment to the mining act currently being prepared by the Ministry of Industry and Trade also includes a proposal to increase extraction fees.
Czech export prices rose 0.7% m/m in August (+0.3% in July). The change of the total m-o-m export price index was driven mainly by a 0.5% price growth in machinery and transport equipment.
Industrial producers’ price statistics will show further decline in the coming months, Komerční Banka’s analyst Jiří Škop says.
The Czech market of mergers and acquisitions increased by 84% y/y to USD 4.26bn in the first half of 2014.