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22.02.2012
CzechInvest mediated 233 investments worth CZK 33,67 in 2011
The CzechInvest promotion agency mediated 233 new investments in the total amount of CZK 33,67 bln (EUR 1,34 bln) last year. Foreign investors invested 13,5 bil. CZK, the remaining 20,17 bil. CZK was due to domestic investors and subsidiaries of international companies. Nearly 15,5 bil. CZK was desi ...23.01.2012
Czech Interest Rates and Inflation
Czech interest rates may be left unchanged at a record low through the year 2012 unless the economy shows a “surprise” buildup of inflationary pressures, acc. to the central bank Governor Miroslav Singer.
Czech National Bank kept the benchmark rate at 0.75 percent, a quarter-point below the Europe ...05.01.2012
New limits for public contracts come into force
New financial limits for the purpose of the public procurement act categorising public contracts as below-the-limit and above-the-limit came into force on January 1. The Ministry for Regional Development (MMR) said that the limits are related to the directly applicable Regulation of the European Com ...15.12.2011
Amendment to Public Order Act adopted
Senate of the Parliament of the Czech Republic adopted the amendment of the Public Order Act with changes. The changes intend to reveal ownership structures of firms. For instance, parties interested in a public tender will likely submit a list of sub-suppliers if their share in the tender exceeds C ...01.12.2011
A new law on investment incentives approved
Investment incentives will be applicable also for research and development companies and strategic services, such as the software development. The period during which they can use the tax credit is also extended from the existing five to ten years. These are the main changes proposed by the Ministry ...16.11.2011
FDI to the Czech Republic
The inflow of foreign direct investments (FDI) into the Czech Republic dropped by 4% y/y to CZK 63.4 bln in the first half of the year 2011. Similarly to previous periods, the largest portion of the investments had the form of reinvested profits – CZK 51.2 bln. A total of CZK 8 bln was invested into ...01.11.2011
New biogas stations to be build until 2020
The Czech Republic will offer room for the construction of ca 1,000 biogas stations with the total output of 7.7 MWh until 2020. According to the executive director of the firm BioGaz, the development depends on the amount and structure of government subsidies for renewable energy resources. There a ...24.10.2011
Furniture export/import
The value of the furniture imported into the Czech Republic in the January-July 2011 period totalled CZK 5.88 bln, down from CZK 6.46 bln in the same period last year. Furniture exports in the same period of 2011 totalled CZK 8.27 bln, down CZK 220 mln y/y. The largest portion of the imports comes f ...19.10.2011
Czech electricity production from renowable energy resources reached 6,9 %
The gross production of electricity from renewable energy resources accounted for 8.3% of the total domestic consumption in 2010. The Czech Republic has thus exceeded the national indicative share target by 0.3 p.p. 6.9% of electricity last year was produced from renewable resources. This stems from ...15.10.2011
Investment into research and development
In 2010 roughly CZK 60 bln was invested into research and development in the Czech Republic; this corresponds to 1.6 % of GDP. This is the highest value since 1993. According to the Czech Statistics Office (CSÚ) the main source of financing was the business sector which provided CZK 28.9 bln in fina ...News
22.02.2012
CzechInvest mediated 233 investments worth CZK 33,67 in 2011
The CzechInvest promotion agency mediated 233 new investments in the total amount of CZK 33,67 bln (EUR 1,34 bln) last year. Foreign investors invested 13,5 bil. CZK, the remaining 20,17 bil. CZK was
23.01.2012
Czech Interest Rates and Inflation
Czech interest rates may be left unchanged at a record low through the year 2012 unless the economy shows a “surprise” buildup of inflationary pressures, acc. to the central bank Governor Miroslav Si