Macroeconomic news

April 2018

OTE: 18,156 clients changed gas suppliers

Totally 18,156 clients in CR changed gas providers in March 2018, up from 15,832 in March 2017.

March 2018

ČNB: Indebtedness of non-financial cos. increased

The overall volume of loans extended to non-financial companies in the Czech Republic totaled CZK 10.47 trillion at the end of February 2018.

March 2018

EC plans to cut fees for crossborder payments in euros

European Commission (EC) has proposed reduction of the fees for crossborder payments denominated in euros in countries outside the eurozone.

March 2018

Recommendation on new nuclear units could come in May

A specific recommendation on the construction of new nuclear units in Dukovany and Temelín could come in May 2018.

March 2018

GDP increased by 4.5 %; prices by 2.5 %, salaries record high

In 2017 GDP in the Czech Republic increased by 4.5 %. This was confirmed by the Czech Statistical Office, according to which the dynamic of the economy was determined by household consumption, foreign demand and in 2H also investment activity.

March 2018

ČNB: CR’s foreign debt up to CZK 874bn in 2017

In 4Q 2017 the deficit of the Czech Republic’s foreign investment position increased by CZK 87.3bn to CZK 1,337bn.

March 2018

PayPal, Deloitte: CR has more than 3,500 online exporters

The Czech Republic has more than 3,500 online exporters employing more than 10 people. This is the highest number in the region of New European Tigers, which includes countries from the Baltic through Central Europe to the Balkans.

March 2018

CRIF: Number of commercial firms increases to 501,000

For the first time in the history of the Czech Republic, the number of commercial companies exceeded half a million and totalled 501,000 in January 2018.

March 2018

J. Rusnok: CNB to tighten rules for mortgage availability

Czech National Bank would welcome if the growth of new mortgages would slow down, CNB governor Jiří Rusnok said in Czech TV’s political discussion show Otázky Václava Moravce.

March 2018

V. Dlouhý: CR will stop being an exporter of electricity in 2022

The Czech Republic should have a balanced physical electricity balance in 2022. This was stated by the president of the Czech Economic Chamber, Vladimír Dlouhý at the 14th International Energy Forum, adding that on this date the Czech Republic will stop being an exporter of electricity.