On Thursday, the Banking Council of the Czech National Bank (ČNB) eased the rules for granting mortgages. From July, it will no longer require applicants to meet the limit of debt repayments to net monthly income (DSTI). Other rules remain in effect. Experts agree that the move will revive the mortgage market only slightly. According … Read more
The average wage in the Czech Republic increased by 7.9 percent year-on-year to 43,412 crowns in the fourth quarter of last year. However, after accounting for inflation, which reached 15.7 percent in the same period, wages decreased by 6.7 percent in real terms. It thus fell for the fifth quarter in a row, by 7.5 … Read more
People are buying less and less. They are limiting their spending more significantly than during the pandemic, when many shops were closed or access to them was difficult. November retail sales fell for the seventh month in a row, according to statistics data. The Czechs mostly dampened food purchases, on the contrary, sales of cosmetic … Read more
One week before the opening of the free agent market, hockey forward Ondřej Palát knew that he would not continue his engagement in Tampa Bay, with which he won the Stanley Cup twice and advanced to the NHL playoff finals this year. The Lightning management presented him with a contract offer, which he could not … Read more
The German clothing brand Orsay has closed its own online store, moved sales to the About You e-shop, which was established in Germany and operates in 25 European countries. The company informed customers about the change on the website. The stores in the Czech Republic, which have been operated by Ordiczech since 2018, will probably … Read more
ICL Czech, which operates the stores of the British chain Iceland in the Czech Republic, has filed for insolvency. Spokesman Petr Langmaier has so far refused to comment on a direct inquiry to Aktuálně.cz. According to the insolvency proposal, the reason is a coronavirus pandemic, which also affected food sales and Brexit, which, among other … Read more
Every tenth young Czech between the ages of 26 and 36, ie approximately 150,000 people, plans to buy or build a property over the next twelve months. Another fifteen percent of young people are planning to renovate housing. This follows from the March survey of NMS Market Research among a thousand respondents, which was presented … Read more
Inflation in the Czech Republic accelerated to 9.9 percent year on year in January from 6.6 percent in December. Year-on-year consumer price inflation was the highest since July 1998, when it stood at 10.4 percent. Inflation is so high that there will be an extraordinary valorisation of pensions, averaging CZK 1,015. The increase is intended … Read more
Colombian cyclist Egan Bernal is in stable condition after the accident in training and subsequent two operations. The intensive care unit at La Sabana University Clinic is conscious and can move all limbs. This was announced by the management of a medical facility in Bogota. According to doctors, the body of the 2019 Tour de … Read more
The Coop chain is about to break through with a novelty in the Czech Republic. From February, customers will be able to shop at the store in Strakonice in South Bohemia at any time outside the store’s opening hours. You will need a bank identity and special applications. Each visitor will be clearly identified, the … Read more