The deficit of CR’s investment position against abroad dropped by CZK 14.9bn q/q to CZK 1.3221 trillion.
The government of the Czech Republic approved a draft state budget for the year 2019 on 19 June 2018 with a deficit of CZK 50bn.
Germany will do everything it can not to burden the Czech energy grid with the nuclear phaseout and migration to renewable energy resources.
In 1Q 2018 GDP in the Czech Republic increased by 4.4 % y/y. The chairman of the Czech Statistical Office, Marek Rojíček, said that at present economic growth is primarily based on investments and consumption.
The Government of the Czech Republic has approved a reduction in fees for the use of radio frequencies.
The outflow of dividends from the Czech Republic is expected to remain stable at ca. CZK 250bn in the full year of 2018, Komerční Banka’s economist Monika Junicke has commented on data from the Czech National Bank.
Inflation will remain above the 2% target in the coming months and may thus serve the central bank as an argument for earlier raising of interest rates, beside the weaker koruna, ČSOB’s analyst Petr Dufek has commented on the data from the Czech Statistical Office.
The government registers in the discussed legislation system the proposed amendment to the act on the protection and exploitation of mineral wealth (mining act) and the act on basic registers.
Wages in the Czech Republic will grow by 8.6% in 2018. Wage growth higher than 8% should also continue in 2019, according to the latest national economy prognosis of the Czech Chamber of Commerce (HK) based on the model of the general economic balance of Česká Spořitelna.
The Czech economy will most likely have to deal with the problem of a lack of workers by reforming its internal structure.