“The drop in year-on-year inflation was such that not only inflation itself but also prices fell. So we have deflation for September. All of this was stronger than expected,” emphasizes Datarun economist Petr Bartoň. “When even the rise in fuel prices could not prevent deflation, it is certainly a strong signal for the central bank … Read more
The volume of the central bank’s foreign exchange reserves reached about 152 billion euros at the end of last year. They reached such a high level mainly thanks to the years 2013 to 2017, when the CNB, in an effort to increase inflation and support the economy, artificially weakened the currency by huge purchases of … Read more
Not only the autumn intensification of the pandemic, but also problems with the supply of chips caused a significant weakening of the koruna a few weeks ago. But now she is shining for better times. In addition, it could receive another positive impulse from the CNB on Wednesday. The central bank is expected to tighten … Read more
For the first time, inflation thus significantly exceeded the European Central Bank’s (ECB) target. It intends to keep price growth at two percent per year in order to revive the economy. The central bank estimates that the current rapid rise in prices is only temporary and expects inflation in the euro area to be 2.2 … Read more
The President of the Republic Miloš Zeman spoke out against the abolition of the super-gross wage on Sunday. “What worries me is the attempt to break a hole in the state budget with such concessions that would be permanent, that is, that would be repeated every year. An example is the considered 15% income tax … Read more
Babiš was invited six weeks ago, said the host of the show, Václav Moravec. According to him, even after many urgencies, (Babiš’s) spokesman did not provide “any, ie not even a negative answer”. “Depending on the circumstances of the communication, the fact that Ivan Bartoš, the leader of the opposition party, would be the guest … Read more
Referring to the current calculations of analysts at her ministry, Schiller specified on Thursday that the real shortfall in public budget revenues should be just over 70 billion crowns, of which 50 billion falls on the state budget. The governing coalition agreed to abolish the super-gross wage and introduce two personal income tax rates of … Read more