Macroeconomic news

17
May 2017

PM Sobotka accepts Pilný’s nomination as finance minister

On May 17, 2017, Prime Minister Bohuslav Sobotka (ČSSD) accepted the nomination of Ivan Pilný (ANO), chairman of the economic committee of the Chamber of Deputies, for the post of the minister of finance.

17
May 2017

CzechInvest to distribute CZK 70m among start-up entrepreneurs

Business and investment development agency CzechInvest will support start-up entrepreneurs within the framework of the CzechAccelerator project.

16
May 2017

ČSÚ: GDP up 2.9% in Q1 2017

Gross domestic product in the Czech Republic grew by 2.9% y/y and 1.3% q/q in Q1 2017.

16
May 2017

Government will discuss investment incentive for Yanfeng

The government led by PM Bohuslav Sobotka (ČSSD) will discuss the draft investment incentive for a strategic investment event by Yanfeng Czechia Automotive Interior Systems on May 22, 2017.

15
May 2017

CNB: Current account active balance totalled CZK 31.2bn

The active balance of the current account of balance of payments totalled CZK 31.2bn in March 2017.

14
May 2017

CzechInvest in talks about Chinese investment worth CZK 60bn

In China, CzechInvest representatives are negotiating possible China’s investment in the Czech Republic.

12
May 2017

ČNB: Inflation will in 2018 fall to 2% target

At the start of 2018 inflation will find itself close to the Czech National Bank’s (ČNB) 2% target.

12
May 2017

ČNB: Weaker crown would allow for increase in rates

If the exchange rate of the crown were to remain at a weaker level than the Czech National Bank (ČNB) predicts, there would be more room to introduce stricter monetary conditions through the interest component.

10
May 2017

Analysts: Industry growth pace to reach 3.5% in 2017

The Czech industry is benefiting from the influx of domestic and foreign contracts and overall economic optimism, according to PwC Czech Republic Business Finances and Restructuring department partner Petr Smutný.

10
May 2017

Analysts: Lack of employees slows down entire economy

Insufficient offer on the labour market is becoming the main obstacle to the development of the Czech economy.

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