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Coronavirus situation contributes to weakening of Czech currency

The coronavirus has impacted global stock and commodities markets and also hit the Czech crown. It stood at below 25 to the euro in mid-February, its strongest level since 2012. Since then, however, the crown...
Prag, 10.03.2020 more...
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Analysts: Coronavirus Likely to Scrunch Down Slovak Economy by 0.3 p.p.

The outbreak of coronavirus might have an impact on the Slovak economy, which is closely tied to developments in Germany, and could carry over into 1Q20 stats, think economic analysts. Analysts of the...
Bratislava, 09.03.2020 more...
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For the People Party Can Have No More Than Two Ministries

Within the division of ministries, the For the People party should have no more than two ministries, OLaNO leader Igor Matovic, who was tasked by President Zuzana Caputova with forming the government, said...
Bratislava, 06.03.2020 more...
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Slovaks Spend Highest Share of Expenditures on Housing and Food

The average Slovak household spent more than one quarter of its monthly expenditures on housing and energy last year, according to data released by Eurostat on Tuesday. The second most demanding item was...
Bratislava, 05.03.2020 more...
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Development in January 2020 compared with January 2019

Compared with January 2019, turnover in sale and repair of motor vehicles and motorcycles decreased by 4,6 %. The development was affected by a decrease in sale of motor vehicles, where after the growth, which...
Bratislava, 04.03.2020 more...
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Czech economic growth in 2020 unlikely to exceed 2 percent, say analysts

The Czech Republic’s gross domestic product growth could fall below 2 percent this year, according to analysts questioned by the Czech News Agency. Overall, they view the state of the economy as relatively...
Prag, 03.03.2020 more...
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Official: OLaNO Wins Slovakia’s General Election on 25 percent

The OLaNO Opposition party of Igor Matovic won the general election on Saturday on 25.02 percent of the votes, gaining 53 seats in the 150-member House, ahead of the current main governing party Smer-SD on...
Bratislava, 02.03.2020 more...
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Group of MEPs concludes conflict of interest law being applied poorly

A group of European MEPs which visited the Czech Republic to investigate the facts surrounding Czech Prime Minister Andrej Babiš’ alleged conflict of interest and the use of EU funds, has concluded that there...
Prag, 29.02.2020 more...
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13th Pensions to Be Approved on Tuesday by Consitutional Majority

The introduction of 13th pensions in Slovakia could be approved on Tuesday evening, Smer-SD head Robert Fico stated on the same day, as Parliament approved debating this measure in fast-track proceedings and...
Bratislava, 27.02.2020 more...
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Czech companies starting to feel the bite of coronavirus epidemic

Czech companies are slowly starting to feel the effects of the coronavirus epidemic that is a major threat to China and its economy, the news site Novinky.cz reports. Some companies have goods locked in...
Prag, 26.02.2020 more...
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