1. Confidence in Czech economy up 3.6 pts in Dec – CSU
(http://www.financninoviny.cz/english/zpravy/confidence-in-czech-economy-up-3-6-pts-in-dec-csu/574423)
High-level overview of article:
Confidence in Czech economy grew by 3.6 points on the month in December owing to rising confidence of entrepreneurs and consumers, and the composite confidence indicator was 13.5 points higher in a year-on-year comparison, the Czech Statistical Office (CSU) said today.
Our take:
Great way to head into 2011.
2. Analysts expect biggest layoffs in construction in 2011
(http://praguemonitor.com/2010/12/27/analysts-expect-biggest-layoffs-construction-2011)
High-level overview of article:
The situation on the labour market in the Czech Republic will probably not improve much next year as analysts believe unemployment will either stagnate or even grow moderately, with the worst development expected in construction, a poll CTK made among analysts shows.
Our take:
It is great timing for builders or individual owners to start building or reconstruction projects. Construction labor has been forced down and the timing may be great for the housing market coming out of the downturn.
3. Crown to firm to CZK 24.0/EUR next year despite temporary fall
(http://praguemonitor.com/2010/12/29/crown-firm-czk-240eur-next-year-despite-temporary-fall)
High-level overview of article:
The Czech crown will be firming in general next year and at the end of the year should be traded for around Kc24.0/EUR, analysts polled by CTK estimate.
Our take:
Makes sense.
4. Govt austerity measures to take effect on 1 January 2011
(http://praguemonitor.com/2010/12/29/govt-austerity-measures-take-effect-1-january-2011)
High-level overview of article:
A selection of Czech government austerity measures to take effect on January 1, 2011.
Our take:
Nothing shocking here or measures which would affect property investment returns.
5. FDI in ČR doubles to CZK 117.4bn at end-Sept yr/yr
(http://praguemonitor.com/2010/12/30/fdi-%C4%8Dr-doubles-czk-1174bn-end-sept-yry)
High-level overview of article:
Foreign direct investment (FDI) inflow to the Czech Republic more than doubled in Jan to Sept this year to Kc117.4bn year-on-year, says an analysis published by the Industry and Trade Ministry yesterday.
Our take:
Coming off the bottom but great numbers to show that foreign companies still view Czech Republic as a strategic part of their growth strategy.
6. Czech economy to grow slower on govt measures, Europe -analysts
(http://www.financninoviny.cz/english/zpravy/czech-economy-to-grow-slower-on-govt-measures-europe-analysts/575244)
High-level overview of article:
Czech economy will grow by roughly 1.8 percent next year, compared with over a 2 percent growth expected this year, one of the reasons for the slowdown being the government´s austerity measures, analysts polled by CTK have said.
Our take:
7. Over 1m cars are made in CR for 1st time in 2010
(http://www.financninoviny.cz/english/zpravy/over-1m-cars-are-made-in-cr-for-1st-time-in-2010-press/576683)
High-level overview of article:
The three largest car makers in the Czech Republic last year for the first time in history exceeded the level of one million cars produced, according to thus-far unconfirmed data, daily Mlada fronta Dnes (MfD) writes today.
Our take:
The reliance of the Czech Republic economy on car manufacturing is much too great!
8. Skoda sells record 762,600 cars in 2010, growth of 11.5 pct
(http://www.financninoviny.cz/english/zpravy/skoda-sells-record-762-600-cars-in-2010-growth-of-11-5-pct/578364)
High-level overview of article:
Skoda Auto sold a record 762,600 cars last year, an annual rise of 11.5 percent, and raised its market share and expects further growth in sales in the years to come, Skoda Auto spokesman Rudolf Dreithaler told CTK.
Our take:
Není to škoda!
Updated/Aktualizováno: July 22, 2014,