Soaring inflation in Czechia is dashing young people's hopes of homeownership
As inflation increases in Czechia, so do mortgage interest rates, making the real estate market even more inaccessible to young people.
Czech daily news roundup: Thursday, April 21, 2022
Sberbank's license is being revoked, construction starts on Prague's Metro D line, and Prague plans major US defense cooperation.
Mortgages are becoming a luxury item in the Czech Republic
Interest rate hikes are pricing people out of getting a mortgage, and more increases are coming.
Czech daily news roundup: Friday, April 1, 2022
Protests at Prague Castle call for Zeman’s resignation, National Bank raises interest rates again, Czechia freezes Russian oligarch’s assets.
Czech National Bank revoking Sberbank CZ’s banking license
Customers of the Czech division of the Russia-owned bank should receive 100 percent of their deposits back.
Record-breaking January inflation leap highlights Czechia's economic woes
Inflation in the Czech Republic skyrocketed last month, according to new data from the Czech Statistical Office.
Czech National Bank raises interest rates to a twenty-year high
Plus: Deal on Turów mine may be imminent, Czech hockey team beat hosts China in opening Olympic tie, Bulovka BioBox opens for contagious patients.
Czech 2021 economic growth beats expectations, but still below pre-Covid level
After a record downturn in 2020, the economy has take a big step toward recovery but is not out of the woods yet.
Activists chain themselves to Prague's Nusle bridge at rush hour
Plus: Grim economic forecast by National Bank analysts, Kvitová exits Australian Open, no "Czech George Floyd," says expert analysis of Roma death.
Czech daily news roundup: Thursday, December 23, 2021
Temps drop drastically in the Czech mountains last night, school holidays began across Czechia, and Czech central bank increases key rate.
New analysis reveals risks and rewards of Czech euro adoption
The benefits of swapping the crown for the euro have long been disputed by economists, and the Czech National Bank appears equally torn on the question.
Czech morning news roundup: Wednesday, December 1, 2021
Foreign Minister says digital technology leadership is key, Pražská plynarenská raises prices, homeless shelters switch to winter mode.
Czech mortgage rates set to soar after historic interest rate hike
The Czech National Bank has delivered another shock with an interest rate hike of 1.25 percent, the biggest in 24 years.
Czech chocolate, sweets, and snacks to see significant price hike
Inflation, rising wages and the increasing cost of raw materials are set to dramatically impact the cost of living particularly at the grocery store.
Interest rates for mortgages rise after controversial National Bank move
After the Czech National Bank raised base interest rates by more than expected, interest rates are increasing for mortgage loans.
Czech National Bank shocks economists with biggest interest rate hike since 1997
The base rate increased by 0.75 percent to 1.5 percent, due to rising inflation which is outstripping the Central Bank’s expectations.
FT: Czech economy is a 'forgotten success story' but inflation is a threat
While international analysts praise the Czech Republic’s long-term growth, the country’s National Bank warns of post-pandemic inflationary pressures.
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