Macroeconomic news

21
June 2018

CNB: CR’s foreign debt down to CZK 4.3224 trillion

The deficit of CR’s investment position against abroad dropped by CZK 14.9bn q/q to CZK 1.3221 trillion.

19
June 2018

Government approved draft budget with a CZK 50bn deficit

The government of the Czech Republic approved a draft state budget for the year 2019 on 19 June 2018 with a deficit of CZK 50bn.

15
June 2018

ČNOPK: Germany does not want to burden Czech energy grid

Germany will do everything it can not to burden the Czech energy grid with the nuclear phaseout and migration to renewable energy resources.

14
June 2018

In 1Q GDP up 4.4 %, employment close to 75 %

In 1Q 2018 GDP in the Czech Republic increased by 4.4 % y/y. The chairman of the Czech Statistical Office, Marek Rojíček, said that at present economic growth is primarily based on investments and consumption.

14
June 2018

IndustryMin: Gov’t to improve internet by reducing fees

The Government of the Czech Republic has approved a reduction in fees for the use of radio frequencies.

13
June 2018

Analysts: Dividend outflow will reach CZK 250bn in 2018

The outflow of dividends from the Czech Republic is expected to remain stable at ca. CZK 250bn in the full year of 2018, Komerční Banka’s economist Monika Junicke has commented on data from the Czech National Bank.

11
June 2018

Analysts: Faster inflation supports earlier rate growth

Inflation will remain above the 2% target in the coming months and may thus serve the central bank as an argument for earlier raising of interest rates, beside the weaker koruna, ČSOB’s analyst Petr Dufek has commented on the data from the Czech Statistical Office.

11
June 2018

Govt registers proposed amendment to mining act

The government registers in the discussed legislation system the proposed amendment to the act on the protection and exploitation of mineral wealth (mining act) and the act on basic registers.

10
June 2018

HK predicts major wage growth

Wages in the Czech Republic will grow by 8.6% in 2018. Wage growth higher than 8% should also continue in 2019, according to the latest national economy prognosis of the Czech Chamber of Commerce (HK) based on the model of the general economic balance of Česká Spořitelna.

10
June 2018

Analysts: Labor market supports increase in ČNB rates

The Czech economy will most likely have to deal with the problem of a lack of workers by reforming its internal structure.

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