Macroeconomic news

19
March 2020

MPO extends deadlines for OP EIC subsidies

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.

18
March 2020

A. Babiš: Gov’t should support cos. with up to CZK 1 trillion

The government could provide up to CZK 1 trillion to support entrepreneurs and companies affected by restrictions tied to the spread of the coronavirus.

17
March 2020

ČNB: Investment funds reports profits of CZK 25.3bn

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.

17
March 2020

HK ČR: State must spend CZK 40bn to rescue economy

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.

16
March 2020

Industrial producer prices up 1.4%, building 4.4%

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%.

16
March 2020

ČTÚ opens consulting for 5G frequency tender

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.

13
March 2020

Banks to help clients in financial problems

Banks active in the country contacted by ČIANEWS are ready to help their clients with financial problems resulting from the coronavirus epidemic.

12
March 2020

Czech government declares state of emergency

The government of the Czech Republic has declared a state of emergency on March 12, 2020. The decision is valid for 30 days.

11
March 2020

Gov’t will call on banks to be business-friendly

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.

9
March 2020

Nielsen: Revenues in CR, Slovakia up 19.1% due to COVID 19

Retail revenues in the 9th week of 2020 showed the same year-on-year growth in the Czech Republic and Slovakia by 19.1%.

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