Czech government approved on October 12, 2016, the proposal to enter into the Comprehensive Economic and Trade Agreement (CETA) between EU and Canada.
On October 12, 2016, the Czech government approved the discharge from debts for the state-owned organisation Railway Infrastructure Administration (SŽDC) with regard to the state budget of the Czech Republic.
Public investors have completed tenders and awarded totally 448 contracts to specific project design companies in 8M 2016, up 42.2% y/y.
Almost 40% of small and medium enterprises anticipate that their business will improve in H2 2016.
At the end of the third quarter of 2016, 13,252 Czech companies had an owner with a seat registered in a tax haven.
The total value of real estate investments in the Czech Republic in 2016 will reach EUR 3bn+.
The Czech National Bank (CNB) has no reason to prolong the exchange rate commitment beyond H1 2017 due to inflation above the predicted level, Czech Banking Association’s (ČBA) chief economist Eva Zamrazilová has told ČIANEWS.
Industry and other sectors where employees are missing are creating new jobs, from operating workers to drivers, various specialists, IT workers and experienced managers, PwC ČR’s HR manager Andrea Linhartová Pelikánová has commented on data from the Czech Labour Office.
Foreign trade balance in the Czech Republic ended with a surplus of CZK 13.8bn in current prices in national classification in August 2015, as compared to the deficit of CZK 1.7bn in August 2015.
Czech National Bank’s (CNB) board does not rule out the implementation of negative monetary political rates as an instrument for the support of exchange rates and/or smooth exit from the exchange rate commitment.