The average mortgage rate rose marginally to 2.5 per cent in July,
according to data compiled by the Fincentrum Hypoindex, whose figures are
based on the real values of freshly agreed contracts, including
refinancing. Last month the average rate stood at 2.49 per cent.
About 2,000 fewer mortgage contracts were signed in July while the volume of mortgages fell month-on-month by almost 4 billion crowns to 15.5 billion crowns, according to Fincentrum.
Analysts quoted by the state news agency said the dip was partly a seasonal phenomenon, but mainly potential buyers are hoping that real estate prices have peaked and waiting for the market bubble to burst. But a further cooling can be expected, with stricter central bank guidelines rules on mortgages due to come into effect from October 1.
At its last policy-setting meeting in early August, the Czech National Bank raised the key interest rate by 25 basis points to 1.25 per cent. It was the third hike in interest rates since the end of the bank’s forex interventions against the crown. Bank governor Jiří Rusnok has not ruled out further increases this year.
Police have reportedly finished their investigation into a December 2016
assault on tennis star Petra Kvitová at her home in Prostějov during
which she sustained severe injuries to her left hand as she warded off her
According to the news server iDnes.cz, charges will be brought against the suspect Radim Žondra, whom Ms. Kvitová positively identified as the perpetrator.
The investigation into the attack had been shelved in November 2017 due to a lack of evidence, mainly because police had been unable to find the alleged attacker. But in May, investigators received an anonymous tip into the whereabouts of Mr. Žondra, and he was taken into custody.
Petra Kvitová, a two-time Wimbledon, made her comeback at the French Open last year after undergoing surgery and six months of rehabilitation.
Prime Minister Andrej Babiš is in favour of raising the minimum wage by a
maximum of 1,000 crowns. Mr. Babiš made the statement on Tuesday after
meeting with the head of the country’s Confederation of Industry,
Representatives of Czech employers say they are willing to raise the
minimum wage by 800 crowns, but the Czech Republic’s trade unions are
seeking an increase of 1,500 crowns, or 12 percent.
As of this January, the minimum wage in the Czech Republic is 12,000 crowns (less than 500 euros).
Thousands of people attended a concert on Prague’s Wenceslas Square on
Tuesday evening marking the 50th anniversary of the invasion of
Czechoslovakia by Soviet-led Warsaw Pact troops.
The concert, organised by Czech Radio, included greatest hits of the 1960s, performed by Czech and Slovak contemporary singers, such as Aneta Langerová, Tomáš Klus, Jana Kirschner and many others, who were accompanied by the Prague Radio Symphony Orchestra.
The event culminated with a special video-mapping projection on the National Museum building, which is located on the top of Wenceslas Square.
Czech driver Milan Kučera, who survived the disastrous collapse of a
bridge in Italy’s Genoa, has been released from a local hospital there.
He will be transported to Prague on Tuesday to undergo further medical
The 46-year-old man, who works for the Prague-based haulage company SPED-IT, suffered several broken ribs, bruised lungs and a broken nose.
Forty-three people were killed after the elevated motorway collapsed, with some vehicles plunging up to 90 metres to the ground below. The incident happened last Tuesday.
Greenpeace activists have staged a protest outside a supermarket on
Prague’s náměstí Republiky to protest against single-use plastic and
excess plastic packaging.
Similar events, dubbed “operation Plastic Attack”, were initiated in
the United Kingdom and has since spread to other countries around the
Czech Greenpeace has also launched a campaign called Plast je Past, or Plastic Is a Trap, calling on supermarkets to put pressure on their suppliers to eradicate excess plastic packaging. The campaign has been joined by over 73,000 people so far.
Three separate fires broke out in a forest in the Pilsen region in the west
of the country on Tuesday afternoon.
Twenty fire-fighter units have been called out to bring the blaze under control. The emergency services have also deployed a helicopter.
According to a spokesman for the fire service, Petr Poncar, a third-degree fire-alert is in place.
In tennis, Petra Kvitová has advanced to the second round of the WTA
tournament in New Haven after defeating Agnieszka Radwanska of Poland 6:1,
7:6. She is set to face Zarina Diyas of Kazakhstan in the next match.
Another Czech, Karolína Plíšková, was knocked out from the first round, losing to Ekaterina Makarova of Russia 1:6, 3:6 in less than an hour.
More than 90 percent of the area of the Czech Republic has been affected by
drought, according to a report carried out by a scientific team within a
project called InterSucho.
Over 72,000 square kilometres are currently affected by the drown-out period of dry weather and lack of rainfall.
According to climatologist Miroslav Trnka, a co-author of the study, there are between 40 and 80 millimetres of water lacking in the soil. The situation could only improve by a long-term, moderate rain.