Czech businesses are still struggling to find workers, the news site Ihned.cz reports. In August, labour offices in the Czech Republic posted more than 350,000 vacancies, which is the highest figure in the country’s history, the website wrote. The biggest demand is for construction workers, warehousemen, or truck drivers.
Unemployment held steady at 2.7 percent in August, according to Labour
Office data published on Monday. In Prague, the unemployment rate remained
at 2 percent.
Fewer than 205,000 people in the country were seeking work last month, the lowest number for the month of August since 1996.
The overall number of jobseekers is expected to rise slightly in September, mainly due the entry into the labour market of a large number of school-leavers.
Prague councillors have reached an agreement with private land owners in
Krč needed to further construction of the city metro’s planned D line.
Under the agreement, the city should pay the owners about 10 million crowns a year to lease the land along the metro route.
The first part of the D line will connect to Prague’s C Line at Pankrác, with four more stations continuing south including two in the Krč district.
Eventually the line – which may feature driverless trains – will run from Pankrác in central Prague to the as yet unbuilt Depo Písnice in the south, before being extended later.
Unemployment in the Czech Republic stagnated at 2.6 percent this June after
decreasingly slightly over four consecutive months, the Labour Office
announced on Tuesday.
The number of jobseekers in June fell to 195,723, a drop of about 5,000 compared to May, while the number of vacancies rose to 342,510.
The Czech unemployment rate is at its lowest level since May 1997. In Prague, it stands at 1.9 percent.
The Czech Republic’s producer price inflation slowed in May after rising
the previous month, according to data released by the Czech Statistical
Office on Monday.
The producer price index rose 3.8 percent year on year in May, slower than 4.3 percent increase in April. The biggest increase was in ‘electricity, gas, steam and air conditioning’ prices, which rose by 8.6 percent annually in May.
Prices of ‘mining and quarrying’, and ‘food products, beverages and tobacco’ rose by 7.5 percent and 4.0 percent, respectively. Among the main industrial groupings, energy prices grew the most, rising 8.1 percent in annual terms.
The Czech Republic’s economic growth is expected to continue at a rate of around 2.5 percent, the International Monetary Fund predicted in a press release on Thursday. Inflation is expected to go down and unemployment levels will rise. The head of the organisation also warned of the large impact that American tolls on European products would have on the Czech economy.
Unemployment in the Czech Republic fell to 2.6 percent in May from 2.7
percent the previous month, according to official figures released on
Monday. Some 200,675 people were out of work in May, the lowest number
recorded since the same month in 1997.
Meanwhile, the number of vacant positions grew to almost 347,000, the Office of Labour said.
Analysts said that unemployment was close to the lowest level it could reach, with the number set to grow slightly in the summer because of new graduates.
The Czech Republic’s total debt amounted to CZK 2.34 trillion at the end
of the first quarter of 2019, up by CZK 161.5 billion in annual terms,
according to the Czech Credit Bureau (CRIF) database.
The volume of non-performing debt fell by CZK 4.1 billion to CZK 32.4 billion. The number of people who had problems making consumer debt payments fell 17 percent year on year. The number of people who failed to pay their housing loans fell by 16 percent.
The average amount of short-term debt “at risk” stood at almost CZK 98,000 at the end of the first quarter of 2019. This concerns debts in which three consecutive monthly instalments were not paid or were declared due by the creditor.
The Prague City Council decided on Monday to launch a geological survey for
Metro line D, which should connect the city centre with the southern
outskirts of the city. It is the first step in the construction of the
city’s long-planned fourth metro line.
The first phase of the project will involve the construction of a section between the current Pankrác station on line C and a new station in the Písnice district. Subsequently, the fourth line of the Prague Metro should extend from Pankrác to the Náměstí Míru station in the city centre.
Prague Mayor Zdeněk Hřib said that starting the geological survey for the metro line is one of the coalitions goals for the first half of this year.