We unlock >>>
The energy crisis has brought another business sacrifice and approximately 7.8 thousand consumption points have had a new supplier since the beginning of April. ZFP Energy has quietly merged with its business partner, Gazela, to hand over its customers, including their contracts. ZFP Energy published the information on its website.
We unlock >>>
The chairman of the Czech-Moravian Confederation of Trade Unions (CMKOS) Josef Středula wants to win the presidential election, among other things, with a plan to make Prague Castle a “European future center”. At the same time, he promises that if elected, he will investigate what happened in the Office of the President of the Republic during the era of Chancellor Vratislav Mynář and the President’s adviser Martin Nejedlý. “If elected president, I would certainly start asking that question very quickly. You need to know here, “says Středula.
We unlock >>>
E-shops have been purging in recent months, and after the rocket growth during the pandemic, there was a painful sobering up due to the deteriorating economic situation. “E-shops bought a lot of stock, strengthened internal teams and expanded warehouses. This is now happening in the budgets, “says investor Ondřej Klega from the eRockets investment group, which focuses on investments in e-commerce. Therefore, it now expects the crash of some market players.
>>> selection from the E15 Premium section
The Czechia is launching a rescue operation for 130 billion crowns. This is exactly the volume of domestic companies’ exports to Russia, Belarus and Ukraine last year. All markets are now more or less blocked due to the war in Ukraine. In addition to the Ministry of Industry, which has begun work on a support package for exporters, there is a great opportunity in the form of the Czech Presidency. Trade agreements with New Zealand, Mexico or Chile are before signing.
Space X: Interview with Josef Středula • VIDEO Videohub
–
–
One of Europe’s largest investment funds, Fundsmith, has completely sold shares of the Starbucks coffee chain from its portfolio. The securities of an American company that also operates in the Czech Republic have been at the displeasure of investors for the last few months. Since the beginning of the year, the price has fallen by about a third and the shares are trading even cheaper than before the coronavirus pandemic.
The Czechia probably enjoys the last few quarters of economic growth. The cocktail of toxic influences, including massive inflation, the sharply tightening policy of the Czech National Bank and the chronically cut prospects of the global economy, completely overturns the country’s economic future. Although the estimates of economists expected an increase of about 4% in the domestic economy at the beginning of the year, the estimates are now falling sharply. They often fit into one percent and are still falling. According to experts, the only hope of the Czech Republic to avoid a more massive recession is to become the goal of giant investment projects à la gigafactory almost daily.
Newly manufactured passenger cars and light commercial vehicles in Europe will not be allowed to emit emissions from 2035, says the proposal included in the climate package Fit For 55, which was approved by the European Parliament on Wednesday. Although the final regulation will still be discussed by the European institutions, it is already clear that the European Union is saying goodbye to the production of cars with internal combustion engines. They have electric cars to replace diesel and petrol cars. The confirmation of the European trajectory also gives a clear signal to the Czech car industry, which is facing major structural changes
Concerns about further interest rate increases lead the Czechs to sign a mortgage, which will tie them to the current rate for ten years. They choose a long fixation even though they are most likely to leave the bank with an interest rate above six percent. This was shown by a survey prepared for Broker Consulting by the Ipsos agency, and experts are also confirming their interest in fixing interest rates for many years. They attribute this to the banks’ strategy of attracting Czechs with the still poor financial literacy of longer fixations.
–
