Macroeconomic news

2
September 2019

CzechInvest negotiated investments for CZK 36.7bn in 2018

(ČIA) CzechInvest helped negotiate 82 investment plans of local and foreign firms worth CZK 36.7bn for the Czech Republic. Of this, one in five investments is a high-tech project technologically oriented at research and development. In 60 cases, these are expansions of firms already present in the Czech Republic, while 69 investors plan to support their plans by investment incentives.

30
August 2019

ERÚ starts consultations on pricing regulation principles

(ČIA) The Energy Regulatory Office (ERÚ) has started a public consultation process related with principles of the pricing regulation for the regulation period of years 2021-2025 for the segments of the electro-energy and gas industry and for mandatory buyers. The goal of the principles for the 5th regulation period is to support future investments and secure funds for the renovation of grids and secure sufficient quality of provided services.

30
August 2019

K. Havlíček: CR may be global leader in AI

(ČIA) The main goals of the Czech Republic in the field of artificial intelligence (AI) include securing a safe society, simplifying life for people and winning the European Centre of excellence. The information was provided by the Ministry of Industry and Trade of the Czech Republic (MPO) after the signature of memoranda in the field of AI between representatives of the state and university teams from the Czech University of technology in Prague, the University of Technology in Ostrava, the Faculty of Mathematics and Physics at the Charles University, and members of the Confederation of Industry of the Czech Republic. Czech Vice-PM and Minister of Industry and Trade Karel Havlíček (representing ANO) said that the Czech Republic had a chance to become a global leader in the field of AI. He said that AI was able to significantly improve life in many areas, such as healthcare, education, communication with public administration, trade, services or transport.

30
August 2019

Economic growth totalled 2.7% in Q2 2019

(ČIA) Czech Republic's GDP grew by 2.7% y/y and 0.7% q/q in Q2 2019. This stems from a more accurate estimate of the Czech Statistical Office. Economic growth was supported mainly by domestic demand. Gross value added (GVA) grew by 0.7% q/q. Year-on-year, GVA increased by 2.8%. The spending on final consumption increased by 0.8% q/q and 2.9% y/y. Gross fixed capital formation fell by 0.6% quarter on quarter. It grew by 0.9% year-on-year. External trade balance increased by CZK 13.9bn y/y. The number of persons employed in the period under review totalled 5.47 million (+ 0.8% year on year).

15
August 2019

ERÚ: In 2Q19 electricity and gas consumption increased in CR

In 2Q 2019 the Czech Republic consumed a total of 17.4 TWh of electricity, which represents a y/y increase of 2.5 %. Production fell to 20.2 TWh (-1.1 %).

15
August 2019

Investment funds held capital of CZK 520.5bn in June

The net assets value of investment funds was CZK 520.5bn in June 2019. This is a month-on-month increase of CZK 11.6bn and a year-on-year increase of 14.2%.

9
August 2019

ČNB: GDP growth to reach 2.6%, CZK will appreciate

The Czech economy will grow by 2.6% this year and slightly accelerate to close to the pace of potential output growth over the next two years.

7
August 2019

OTE: 30,084 clients changes electricity providers in June

Totally 30,084 customers switched electricity suppliers in July. In the large client segment, there were 608 reported supplier changes.

6
August 2019

SA: 1,241 solar installations connected to grid in H1 úterý 6. srpen, 11:19

Distribution companies connected 1,241 new solar installations with a total capacity of 7.51 MW to the grid in H1 2019.

6
August 2019

Foreign trade surplus up to CZK 18.4bn

Foreign trade with goods at current prices ended in a surplus of CZK 18.4bn in June 2019, according to preliminary data.

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