On April 20, 2016 the Senate of the Parliament of the Czech Republic approved an amendment of the Small and Medium-sized Business Support Act. As ČIANEWS informed earlier, the amendment introduces the Agency for Business and Innovations (API) separated from CzechInvest.
Investors have generated over CZK 263bn in state-supported industrial areas.
The Ministry of Industry and Trade will support projects and foreign activities sought on the basis of Czech exporters’ preferences, incl. the tried and tested practice of business trips taken by the minister and governmental and constitutional agents, accompanied by Czech business missions.
On March 31, 2016 the gross state debt of the Czech Republic totaled CZK 1,694.7bn.
European Union’s share on total exports from the Czech Republic grew to 84.9% in 20M 2016 from 83.7% a year ago.
The economic situation of small and medium companies in the Czech Republic is stabilising, one quarter of them are planning to hire new employees.
The Lower House of the Parliament of the Czech Republic (PSPČR) approved on April 13, 2016 the amendment of the Energy Act specifying the legal position of the management of the Energy Regulatory Office of the Czech Republic.
The growth pace of the Czech Republic’s GDP will slow down to 2.5% in 2016, inflation will increase to 1% and unemployment will drop to 4.7%.
The Council of the City of Prague has approved the Economic Infrastructure Plan for 2016, which contains investments for the period between 2016 and 2020.
Negative rates are not suitable for relaxing monetary conditions or for directly influencing inflation.