Inflation continues to slow, returning to the CNB’s tolerance band

In October, consumer prices slowed year-on-year growth for the third time in a row, this time to 2.9 percent from 3.2 percent in September. Inflation is mainly slowed down by movements in energy prices. On the contrary, people paid more for alcohol, tobacco products or meat, the Czech Statistical Office (CSO) informed. Inflation thus returned … Read more

The Czechia has not resumed the issuance of visas to Chinese tourists. Beijing warns against traveling to the Czech Republic

The Czechia has not resumed issuing tourist visas to citizens of China, which, like other European countries, stopped due to the coronavirus pandemic in January. The number of flights between Europe and the world’s most populous country is now minimal. This was stated by the director of the state agency CzechTourism Jan Herget in response … Read more

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, … Read more