The two largest banks raised interest rates sharply in early September. The era of cheap mortgages is over
The two largest domestic banks have announced that mortgage loans are becoming more expensive. The reason is rising resource prices on the interbank market. The availability of housing will thus worsen even more, people will be able to repay the loan all their working lives. On the other hand, overheated housing prices could gradually cool […]
The rise in building prices will stop in a matter of months, maybe years, at the earliest, analysts say
The current rise in prices of building materials will stop at the earliest in a few months, maybe even years. Limited supply and increased demand clashed in the market. The offer is limited due to closed mines and traffic routes. According to analysts, demand is growing after a long-term reduction in work due to measures […]
The housing market is overheated, the latest figures show. Price growth is one of the fastest in the EU
Year-on-year growth in house and apartment prices in the Czech Republic accelerated to 11.9 percent in the first quarter, while prices rose by 8.9 percent a quarter earlier. Among the countries of the European Union, growth was the fourth highest, as at the end of last year. Compared to the last quarter of 2020, prices […]
Denied. Moneta’s shareholders did not approve the financing of the merger with the banking part of PPF
At the Extraordinary General Meeting, Moneta’s shareholders did not approve the proposed financing of the merger with the banking part of PPF, which includes Air Bank, Czech and Slovak Home Credit and Benxy, which was needed to complete the transaction. Earlier, they agreed on the intention of the merger, said Moneta spokeswoman Zuzana Filipová 61.9 […]
The state is launching another wave of bond sales. The anti-inflationary option is a success
On Monday, the Ministry of Finance launched the 12th issue of bonds, which can be ordered until Friday, September 17. In the previous issue, people ordered government bonds intended only for individuals for 4.54 billion crowns. The number of orders was 5,871. During 11 subscription periods, interest in savings bonds amounted to approximately CZK 33.2 […]
Armda amatr opt confused with the shares, AMC cinemas thank you with free popcorn
Shares of AMC Entertainment are trading after a medium-term trading, during which the price rose by almost 96 percent, to an all-time high. In addition to the positive impact of the reopening of cinemas, this is mainly due to the interest of small investors from a number of individuals who have been attracting attention in […]
Our mortgages in the hands of the CNB. Why will the central bank no longer recommend, but order
If the Senate also approves an amendment to the Act on the CNB, the central bank will begin to dictate the conditions for obtaining a housing loan. Now it can only make recommendations to banks, but they are not legally binding. According to some experts, this will worsen the availability of mortgages for a certain […]
Smartwings received a loan for two billion crowns, most of which will be guaranteed by a state guarantee
Smartwings airline received a loan for two billion crowns, 80 percent of which will be guaranteed by a state guarantee. The loan will be provided by four domestic banks. In total, the carrier’s financing will exceed seven billion crowns, additional money will be provided by Czech shareholders, support for leasing companies and restructuring. This was […]
Wages are rising even in crisis. Health awards raised the average, with more added to women
The average wage in the Czech Republic increased by 6.5 percent to 38,525 crowns in the last quarter of last year. In real terms, after taking into account the growth of consumer prices, monthly earnings increased by 3.8 percent. This follows from data published on Monday by the Czech Statistical Office (CSO). In healthcare, salaries […]
Survey: Most pubs will open as soon as the government allows them
The majority, 87 percent of restaurants and inns will open, on a day when government decisions allow it. This follows from a survey of 8,200 facilities conducted by Plzeňský Prazdroj. Roughly 11 percent want to postpone the opening to a period when they will be able to offer services without restrictions, said Zdeněk Kovář, a […]