The share of unemployed people stagnated in August at 2.7% after hitting the current historic low of 2.6% in June and May. The slight increase during summer months is typical as graduates and employees from the education sector enter the labour force. This means the unemployment rate could slightly decrease in the coming months, but ...
After higher than expected inflation in May, which reached 2.9% year over year, price growth slowed to 2.7% in June due to slightly weaker growth in prices of alcoholic beverages, fuel and electricity for households. We expect average inflation to reach 2.6% this year. The month-on-month rise in prices was negligible in June, with May’s ...
Retail sales growth slowed further in May, according to figures released by the Czech Statistical Office on Tuesday. Retail sales climbed 2.7% year-on-year in May, following a 5.4% rise in April. Economists had expected sales to increase 4%. Sales of food, beverages and tobacco rose 0.3% annually in May. Sales of non-food ...
Prague, May 7 (CTK) – Prague bourse wants to introduce roughly 30 foreign companies to the Czech stock exchange, including the owner of Komercni banka, French group Societe Generale, daily E15 said today referring to an anonymous source. The Prague Stock Exchange (BCPP) spokesman Jiri Kovarik did not want to comment on the issue. ...
Prague, May 3 (CTK) – The Czech National Bank (CNB) improved its gross domestic product (GDP) growth estimate to 3.9 percent for this year and 3.4 percent for the next in its latest forecast, CNB governor Jiri Rusnok said at a press conference after the CNB Bank Board meeting today. In its previous forecast ...
Prague, May 1 (CTK) – The vacancy rate for office space in Prague decreased annually by 3.2 percentage points to 6.2 percent at the end of Q1, going down by more than a half over the past two years, Prague Research Forum (PRF) data have shown. Prague 3 registered the highest rate of 11.1 ...
Prague, April 12 (CTK) – J&T Banka providing private banking services more than doubled its net profit year-on-year to Kc2.2bn in 2017, and its total assets rose by 7 percent to Kc143bn, the bank told CTK in a press release today. Banks in the Czech Republic reported a total net profit of Kc75.9bn in ...
Prague, April 8 (CTK) – The separation of the pension account from the Czech state budget, planned by the government of Andrej Babis (ANO), would not solve the future functioning of the pension system, economist Jiri Satava and analyst Martin Potucek agreed on public Czech Television (CT) today. “I suppose this operation would not ...
Prague, April 8 (CTK) – The Czech Republic’s unemployment rate decreased to 3.5 percent in March from 3.7 percent in February, according to estimates of analysts approached by CTK. The drop was caused by economic growth together with demand for employees and start of seasonal jobs. The Employment Office will release employment data ...
