Mortgage lending fell by 26.9 percent in the first two months of 2019 to
24.5 billion crowns, according to Czech National Bank figures.
Market analysts attribute the drop to front-loading in the second half of 2018 in anticipation of stricter lending guidelines and higher interest rates.
The average mortgage rate in the Czech Republic has been steadily climbing since reaching a record low of 1.8 percent in December 2016. It stood at 3.0 percent in January.
Meanwhile, consumer bank and credit-union borrowing rose by 7.1 percent in February, to 1.66 trillion crowns.
An accident involving a trolley bus and a tram in central Brno on Monday
afternoon left at least 38 people injured, 12 of them seriously.
Apart from the tram driver, those suffering injuries in the collision on Křenová Street are all thought to have been bus passengers. Two children are among the injured.
Minister of Transport Dan Ťok said reports of an imminent cabinet shuffle
that would see him ousted from the position are unfounded. He quipped that
the report was “an April Fool’s Day joke”.
Citing sources close to Prime Minister Andrej Babiš, the news site idnes.cz reported that both Ťok and Industry and Trade Minister Marta Nováková are on their way out, with the reshuffle likely to happen by mid-May at the latest.
Ťok is being blamed for the state of the country’s permanently congested D1 highway. Nováková is under fire over an incident when a representative of Taiwan was forced to leave a diplomatic meeting at the request of China’s ambassador.
Prague City Hall councillors have agreed to commission artistic designs for
each station of the planned metro D line, running from Pankrác to
The designs will be chose in conjunction with the National Gallery Prague and architect David Vávra.
As regards the Pankrác station, the first to be built, sculptors Marian Karel and Vladimír Soukénka have already been approached.
Czech Minister of Foreign Affairs Tomáš Petříček (Social Democrats) is
in Lithuania on Monday for a meeting with his counterparts in the Visegrad,
Nordic and Baltic regions.
Topping the agenda of the so-called V4 + NB8 meeting is measures to ensure cybersecurity and counter hybrid threats, within the wider scope of relations with Russia and China.
Also under discussion are presidential elections in Ukraine and migration issues affecting Europe as a whole.
The Moravian-Silesian Police have taken 21 people into custody following a
coordinated drug bust in the region that uncovered 25 marijuana growing
rooms, mostly in Ostrava.
A police spokesman said a married couple led the growing and distribution network, which apart from marijuana, also sold cocaine, ecstasy and other illegal drugs.
The number of children enrolling in the first year of elementary school is
down by some 8,100 from last year, according to estimates from the Ministry
According to the ministry's estimates, approximately 110,500 six-year-olds, 1,000 five-year-olds and about 25,500 seven-year-olds and older children are expected to start elementary school in September.
The Czech state has proven unable to respond properly to dynamic changes in
society the Supreme Audit Office (NKÚ) says in its annual report published
Among examples, the report cites the slow rate of digitalisation and expanding transport infrastructure, an overly complex tax system, a failure to introduce energy-saving measures, and a chronic lack of low-income housing.
Regarding taxation, companies based in the Czech Republic need 40 percent more time to meet their tax obligations than the average of 230 hours in the EU and the European Free Trade Association, it says.
Conditions in the Czech manufacturing sector deteriorated further in March,
when the IHS Manufacturing Purchasing Managers Index (PMI) dropped for a
fourth consecutive month, to 47.3 points.
It is the lowest value for the indicator since 2012, according to IHS Markit. Czech PMI stood at 48.6 points in February.
The 50-point index is a dividing line between growth and decline, with a figure above 50 points signalling an overall improvement in the sector. The index tracks production, new orders, employment, delivery dates, and supplies.
Over 1,000 skeletons discovered during renovation of Kutná Hora “bone church”
Language exams for foreigners seeking permanent residency permit to become tougher
Why are Russian and Chinese spying activities in Czech Republic so intense and how exactly do they do it?
Prague’s historical Koh-i-noor factory to be converted into residential area
The history of the “German Czechs”