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 […]
The mortgage bubble continues to inflate. The overheated housing market is just ahead of the record
The average mortgage rate fell to 2.02 percent in October from 2.07 percent in September. The rate decreased for the seventh month in a row, so low for the last time in March 2017. October, with a mortgage volume of 25.214 billion crowns, became the second strongest month in the history of the hypoindex compiled […]
The mystery of mortgage madness. People are taking loans for increasingly expensive apartments, showed the September hypoindex
Despite the second wave of the pandemic and the partially subdued economy, interest in mortgages is extreme, banks say. According to the hypoindex, which has been monitoring the housing loan market for a long time, this year may break a historical record. At a time of coronavirus crisis, this is something no one expected. Unlike […]
The rise in the price of flats in the Czech Republic is slowing down. High prices in the crisis continue to keep mainly “cheap money”
Year-on-year growth in house and apartment prices in the Czech Republic slowed to 7.7 percent in the second quarter, while prices rose by 8.6 percent a quarter earlier. Growth was the sixth highest among EU countries. While in previous recessions in the Czech Republic apartments have become cheaper, prices have not yet fallen. According to […]
Travelers began to attract first-minute tours with discounts more than ever before
“In recent years, discounts for early bookings – ie first minute tours – amounted to a maximum of thirty percent. Hoteliers have now become even cheaper, so discounts reach up to forty percent, “said Jan Papež, vice-president of the Association of Travel Agencies. First minutes usually last from autumn to the end of the year, […]
The production of cars has managed to start, other fields are fading. The “old days” will not return this year
Industrial production in the Czech Republic in July eased the year-on-year decline to five percent from 10.5 percent in June, the Czech Statistical Office (CSO) said. However, building construction and engineering – which focused on the construction of transport infrastructure – deteriorated. The Czech Republic’s foreign trade ended in a surplus of 13.4 billion crowns, […]
Prague is pushing the French out of the water supply. They are now returning by detour through Křetínský’s heat
Czech water in Czech hands. Such a motto was promoted by politicians the year before, led by Prime Minister Andrej Babiš. They planned to move water management from the hands of foreign companies under the administration of Czech municipalities in order to prevent an outflow of profits. Some succeeded, partly also in Prague. It is […]