Macroeconomic news

15
November 2017

PCB: The congress industry of Prague generates up to CZK 5.2bn per year

The congress industry of Prague generates income to public budgets reaching between CZK 4.4bn and CZK 5.2bn per year in multiplication.

15
November 2017

GfK: The percentage of goods sold as special offers has decreased in CR for the first time

In the past year, Czech people spent 3.7 % more on food products than they did in the previous period.

15
November 2017

ČNB: Insurance sector resilient at end of 2016

As at December 31, 2016, the insurance sector and the sector of pension funds in the Czech Republic were sufficiently equipped with capital. It was able to absorb relatively significant changes in risk factors.

14
November 2017

Deloitte: Shared economy shows potential of up to CZK 60bn in Czech Republic

The volume of the shared economy in the Czech Republic could reach 0.51%-1.19% of GDP, i.e. CZK 25.7bn – CZK 59.9bn.

14
November 2017

Analysts: Economy will continue to grow

Economy continued to grow at a solid pace in Q3 2017, having added 5% y/y. Czech Banking Association’s (ČBA) chief economist Eva Zamrazilová has stated that the growth is spread across the entire economy.

13
November 2017

Exporters’ Association: Export to total CZK 4.15 trillion

Export could total CZK 4.15 trillion as of the end of 2017, deputy chairman of the Association of Exporters (AE), Otto Daněk, has stated at the Export Forum in Mladé Buky.

13
November 2017

Prague Council approves budget draft with CZK 70.3bn spending

Prague Municipal Council has approved the municipal budget for 2018. Income is foreseen at CZK 54.1bn and spending at CZK 70.3bn.

13
November 2017

Analysts: Appreciating currency supports investments into technologies

The development of the total balance of the current account of the balance of payments is driven by Czech koruna’s appreciation, which is increasing the advantageousness of goods and service imports, BHS’ chief economist Štěpán Křeček has commented on data from the Czech National Bank.

11
November 2017

CNB: Rates should be raised gradually

The raising of interest rates supports the financial stability target, according to the Czech National Bank.

9
November 2017

ČSÚ: Consumer prices up 2.9 % y/y

In October 2017 consumer prices in the Czech Republic grew 2.9 % y/y. This is the highest y/y increase in prices since October 2012.

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