The Czech Republic’s state budget surplus had risen to CZK 25 billion at the end of July, up from CZK 4.6 billion at the end of the previous month, according to data released on Tuesday by the Ministry of Finance. But the surplus is some way below the CZK 75.6 billion recorded at the end of July 2016.
Czech firms have started ringing alarm bells at the lack of locally grown timber that can meet the toughest ecological growth standards. The alarm has been prompted by moves by some of the world’s biggest timber users, such as furniture designer, maker, and seller Ikea to set a target by 2020 that all the wood used in its outlets comes from recycled or fully sustainable sources.
Czech e-shops are going from strength to strength, the financial daily Hospodářské noviny reports. According to the daily, Czech consumers are beginning to order far more than just electronic items or toys online but even foodstuffs they used to buy in stone-and-mortar shops. For the first time, annual online revenues in the Czech Republic are expected to top 100 billion crowns.
A recent poll conducted by Equa Bank asked respondents whether they had a good overview of their partners’ finances and apparently for good reason: four in 10 Czechs, according to the poll, are not completely honest about how much they make or have saved. The reasons may be various: from maintaining a feeling of financial independence to maintaining the freedom to surprise their partner or spouse with an unexpected gift from time to time. There are also more underhanded reasons such as purposely hiding away funds in the case of a future breakup
Czech measures to deal with its nuclear waste backlog are again under scrutiny as the country faces possible European Commission sanctions for failing to pass on its domestic plans for dealing with nuclear waste from power plants and other civil activities and an update of the existing strategy taking place.
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