The 2019 draft budget is to focus on investment, increase of public sector salaries and the raising of pensioners’ living standards, Finance Minister Alena Schillerová said after it won government approval on Wednesday. The budget proposal counts on a CZK 40 billion deficit; ten billion less than originally planned by the Ministry of Finance.
Czech economic research institute CETA (Centrum ekonomických a tržních analýz) published a study focused on the residential housing market in Prague on Friday, which claims that bureaucratic hurdles, coupled with high demand, are primarily responsible for the current low availability of housing in the capital. It also claims that Airbnb flats, which have been the centre of focus for many councillors, are not to blame.
Opravárna is a new Czech app, which matches handymen to repair requests sent from across the country. The app has been quick to catch on and currently has nearly a thousand handymen registered. Yet Opravárna is not just a savvy business idea, but one of the ways in which the Czech Republic can contribute to the EU’s plan for achieving a more circular economy.
The Czech National Bank could raise its interest rates twice by the end of the year, said the bank’s governor, Jiří Rusnok, in an interview with Reuters. The bank’s council raised the basic interest rate by a quarter of a percentage point to 1.25 percent in August. Mr. Rusnok stated that a further increase could come as early as this month.
Jana Ciglerová: Americans say their lives are fantastic, Czechs say everything is terrible – neither is true
Study: Demand for new flats in Prague set to keep outstripping supply
“There is good, better and then there is the USSR.” – New book depicts life in communist Czechoslovakia through memories of people who experienced it
CzechTourism head hints attracting tourists no longer agency’s main goal
“The only solution is political” – Organisers of major anti-government protests in Czechia announce plans for the future