Interest rates on deposits are going down. Domestic banks and credit unions are pushing for this by the decreasing rates of the Czech National Bank, where the most basic – the two-week repo rate – is currently 5.75 percent. Compared to last year, the drop in tariff rates is not so noticeable at first glance. … Read more
According to the Czech Prosperity Index, a joint project of Česká spořitelna and the data portal Europe in Data, which analyzes the prosperity of the Czech Republic and compares it with other European countries, our economy has weakened for the second year in a row. Ninth place changed to twelfth last year and to fourteenth … Read more
Next month, the Czech National Bank will end interest on deposits that banks must deposit with it as mandatory minimum reserves. This is definitely not a small amount, on average, banks held over 100 billion crowns with the CNB this year, and it will hurt the banks a lot. With this decision, the Central Bank … Read more
So far this year, Central Europe is showing the stock market the colors of the rainbow. Shares in the region have managed to earn almost twenty-two percent for investors since January, according to the Central European CECE index, which maps the development of almost three dozen of the most important titles from the center of … Read more
The development of the consumer electronics market after market saturation during the covid-19 pandemic has the first significant victim in the Czech Republic. According to e15, the Japanese company Fujitsu will stop selling personal computers in our market. It continues with the business around servers and data centers. The ground is starting to burn under … Read more