The Czech Ministry of Industry and Trade (MPO) will extend the deadline to submit applications for subsidies from the Operational Programme Enterprise and Innovations for Competitiveness (OP EIC) by 30 days.
The government could provide up to CZK 1 trillion to support entrepreneurs and companies affected by restrictions tied to the spread of the coronavirus.
The after-tax profit of investment funds in the Czech Republic reached CZK 25.30bn at the end of 2019. Profit from financial activities totalled CZK 27.78bn.
The Chamber of Commerce (HK ČR) estimates that the state must prepare approximately CZK 40bn to save the domestic economy from collapse in the next three months.
Agricultural producer prices fell by 3.8% y/y in February 2020. Prices of industrial producers grew by 1.4%, construction work by 4.4% and market services for enterprises by 2.4%.
The Czech Telecommunication Office (ČTÚ) launched on March 16, 2020, a public consultation on the draft conditions of the forthcoming tender for frequencies in the 700 MHz and 3.5 GHz bands.
Banks active in the country contacted by ČIANEWS are ready to help their clients with financial problems resulting from the coronavirus epidemic.
The government of the Czech Republic has declared a state of emergency on March 12, 2020. The decision is valid for 30 days.
The economic effects of the coronavirus cannot be quantified for the time. This was agreed during a joint meeting by Prime Minister Andrej Babiš (ANO) and Czech National Bank Governor Jiří Rusnok.
Retail revenues in the 9th week of 2020 showed the same year-on-year growth in the Czech Republic and Slovakia by 19.1%.