The Virus Curve Has Been Flattened. What About The Economy?
Many graphs have appeared recently showing a direct correlation between the strength of measures to restrict the spread of COVID-19 and the downward effect on economic growth. The Czech Republic…
Czech National Bank (CNB) Slashes Interest Rates For The Second Time In Ten Days
The board of the CNB cut its main interest rate by at its meeting on Thursday. It also made a clear statement of its willingness to take further steps to…
Chamber of Commerce: ‘The Government Needs to Do More to Help Businesses’
After the tsunami of regulations aimed at controlling the spread of COVID-19, many businesses and individuals are faced with the prospect of economic collapse. The government has taken action. But…
The Last Flight Out (And Back)
The last Ryanair flight (for a while) FR8404 to Stansted left Brno last Friday with Charles du Parc on it. Unfortunately for him he also had to find a way to…
Czech National Bank Indicates That It Will Not React Immediately To the Coronavirus Situation
Whilst the US Federal Reserve announced an emergency half percent cut in interest rates on Tuesday, the Czech National Bank (CNB) is giving out the message that they are not…
Coronovirus, How Worried Should We Be About The Economic Effects?
Panic about the coronavirus is spreading. There are widespread reports of empty shelves in Czech supermarkets and Czechs cancelling trips abroad. This is before even one case of the virus…
The Czech Economy In 2020. Which Direction Is It Heading?
As reported last week, inflation is expected to exceed the Czech National Bank’s (CNB) tolerance zone over the coming months. This was one of the reasons the bank increased their…
Inflation Still Exceeding Bank Forecasts
The latest inflation figures released on Friday show a year on year increase over January 2019 of , the highest it has been for almost 8 years. This is an…
The Czech National Bank Announce Unexpected Rise In Interest Rates
At their monthly meeting on Friday the Czech National Bank (ČNB) voted to increase their main interest rate to This surprised the markets and the Czech Koruna strengthened significantly. Photo…
Sweetness Rules at Go to FoodPark
FoodPark took over Pavilion F of the Brno Exhibition Centre; transformed it into a gastro zone. Czech restaurants and ventures that appear in the 365 Gastromap of Lukáš Hejlík filled…