Business

Czechia In Danger Of Losing Investor Confidence: Moody’s

Moody’s rating agency warned that Czech public finances might not be sustainable in the long run. According to the agency, the government’s budget plans for the medium term do not include any significant consolidation objectives, which has a negative effect on the assessment of creditworthiness. According to Moody’s, the consolidation of the state budget will […]

Czech Inflation Soars Above 3 Percent

Consumer prices rose 3.1 percent year on year in April, the most since last September. The largest share in this is the increase in the price of fuels and tobacco products. The previous month’s annual inflation was 2.3 percent. Exceeding the 3% mark in April is surprising, according to economists, however, according to them, year-on-year inflation will remain […]

CEZ Sees Net Profit Plummet 41% In First Quarter

The net profit of the ČEZ energy group in the first quarter of this year fell by 41 percent year on year to 8.4 billion crowns. Operating revenues, on the other hand, rose by four percent to 59.1 billion crowns. The group generated 15.9 terawatt hours (TWh) of electricity in the first three months of this year, […]