- Czech wages disproportionate to economic performance
- Czech unemployment drops to record low
- Czech FinMin lowers 2017 draft state budget revenues and expenditure
Babis has lowered the overall 2017 draft state budget revenues and expenditures by 15.4 billion crowns compared with the June bill, while the deficit is to stay at the projected 60 billion crowns.
- Tremendous Gap between Czech and Western-European Wages
PM Bohuslav Sobotka said that there is a huge difference between the wages in Germany and those in the CR and that quicker economic convergence will be one of the two Czech priorities at the EU summit in Bratislava next month.
- Purchase prices of pork meat rising - Czech farmers buying pigs again
Purchase prices of live pork meat have gone up from 29 CZK to 34 CZK/per kilogram in the last three months, and Czech farmers keep purchasing new pigs from abroad.
- Growth in Czech household spending and mortgage borrowing expected
Czech consumer confidence remains high, and analyst Daniela Milučká of Raiffeisenbank expects growth in house-hold spending this year of 3%. Since the economic crisis, only last year’s growth in spending was faster.
- Czech growth among one of the fastest in the EU
Czech GDP growth slowed on a y/y basis from 3.0% in the first quarter to 2.5% in the second quarter, according to preliminary data from the Statistical Office. Still it remains one of the fastest in the EU.
- CNB confirms exchange rate commitment - keeps interests rates unchanged
Czech National Bank (CNB) board decided on its session on August 4, 2016, to keep the interest rates unchanged.
- Czech Republic sees highest mid-year budget surplus in its modern history
The Czech Finance Ministry posted a state budget surplus of 75.6 billion crowns at the end of July, up from 41 billion the previous month.
- Škoda believes sales will continue to grow
ŠKODA brand sold totally 49,088 vehicles in 7M 2016, up 5,425 y/y. The drop of 1,712 cars in July was caused by the three-week factory holiday, national holidays and weekends.