The euro area housing market is warming up, increasing the likelihood of a correction in both residential and commercial real estate markets. This was stated by the European Central Bank in its stability report. Families make savings during a pandemic, and people increasingly work from home. This increases demand for real estate and real estate price growth […]
After many hours of negotiations, representatives of the member states of the European Union and the European Parliament agreed tonight on the form of the EU budget for next year. MEPs managed to increase the proposed amount of almost 170 billion euros (4.3 trillion CZK) by several hundred million, but the member states, which traditionally strive […]
National sovereignty should not be degraded by membership in the European Union, it should be the basis and concept of European identity. This was stated by the Prime Minister of the ending government, Andrej Babiš (ANO), in a pre-recorded speech at the Central Europe: National Sovereignty or European Identity in the Integration of the European Union […]
The European Commission has cut its estimate for this year’s growth in the Czech economy to three percent, expecting 3.9 percent. Next year, it expects growth of 4.4 percent. On the contrary, this year’s EU economic growth outlook has improved to five percent. For next year, however, the estimate was reduced to 4.3 percent due […]
France will resume construction of nuclear reactors to ensure energy independence, meet its climate targets and keep electricity prices under control. This was announced by French President Emmanuel Macron. The statement comes at a time when European countries are facing sharp increases in electricity and gas prices. “In order to ensure France’s energy independence, secure electricity supplies […]
The Belarusian government extended by six months the ban on imports of products from Škoda Auto and other companies. The state agency BelTA informed about it on its website today. The government decided on this measure at the end of April in response to the refusal of the companies concerned to sponsor the holding of the World […]
The Czech Republic is one of the worst in Europe in terms of carbon dioxide emissions from new cars. With emissions of 120.9 grams per kilometer, it is the sixth worst in the European Automobile Manufacturers Association (ACEA) ranking. Arval pointed this out. According to her, the main reason for this situation is the conservative approach of companies […]
The United States and the European Union have agreed to resolve a protracted trade dispute over US tariffs on steel and aluminum. This was announced today by US Secretary of Commerce Gina Raimond. The agreement also abolishes retaliatory EU tariffs on American products. The dispute was launched in 2018 by then-US President Donald Trump, who introduced tariffs on […]
As in previous months, euro area price growth accelerated to 4.1 percent in October. The year-on-year inflation rate, influenced mainly by a sharp rise in energy prices, thus exceeded the value from September by seven tenths of a percentage point. This was stated today in its quick estimate by the statistical office Eurostat. Inflation is now comparable to […]