The government of the Czech Republic has decided on the way to terminate the second pillar of the pension system.
In 1H 2014, a total of 40.9 % small and medium companies in the Czech Republic posted an increase in orders.
The Ministry of Finance has submitted to the government for discussion the recommendation for the upgrade of the guidelines for the remuneration of the managers and members of statutory bodies of business companies where the government holds stakes of over 33%.
Totally 38.6% of small and medium enterprises evaluated their economic situation in H1 2014 as more favourable than in the previous period.
The Employment Office (ÚP ČR) registered totally 519,638 job applicants as of October 31, 2014, down 9.63% on September and 37,043 on October 2013. Of the total no. of unemployed persons, 501,669 were immediately available for work.
The Ministry of Finance (MF) is working on a study on including the Czech Republic in EU’s Single Supervisory Mechanism (SSM). At ČIA’s enquiry, spokeswoman Tereza Peprníková said that the Ministry was completing the documentation so that the government could discuss it this year.
The average inflation rate in the Czech Republic should be 0.4% this year and 0.7% in 2015, according to KB analyst Jiří Škop who added that at the end of 2014 inflation would decelerate to 0.3%.
The government, employers, trade unions and regions have agreed on jointly supporting economic growth, employment and the need for social dialogue in region.
Czech National Bank (CNB) predicts that it will continue to use currency exchange rate as a monetary policy instrument until Q1 2016. In Q2 2016, short-term market rates will grow by ca. 0.8 p.p., as the bank will abandon the currency exchange rate regime.
Total monthly consumption of natural gas in the Czech Republic stood at 364.8m m3 (3,885.6 GWh) in September 2014, down by 8.2% on the year.