The Czech Republic lacks effective tax incentives and other measures that
would encourage households and businesses to cut greenhouse gas emissions,
the Supreme Audit Office (NKÚ) says in a new report.
The Czech state has failed to motivate citizens to use greener vehicles, reduce energy consumption and switch to greener energy sources, the report says. The NKÚ notes that financial and tax measures fall under the remit of the ministries of Finance, Transport and Environment.
Unlike in most European Union member states, the report says, financial measures aimed at combatting global warming are not actively enforced in the Czech Republic. Here, the three ministries are merely tracking developments, according to the NKÚ.
Unemployment in the Czech Republic remained at 2.6 percent in November, the
same as the previous month, the Czech Labour Office announced on Monday.
The number of jobless increased by 771 to 197,289, which is the lowest figure for the month since 1996, while the number of vacancies increased to 339,000. Last November, unemployment stood at 2.8 percent.
The lowest rate of unemployment, 1.8 percent, is in the Pardubice region, which is followed by Prague with 1.9 percent.
Finance Minister Alena Schillerová has the EC audit which is alleged to
have confirmed that the Czech prime minister has a conflict of interest
could lead to a court dispute between the Czech Republic and the EU.
Schillerová told the news site Seznam.cz that although the EU considers the audit to be final, the Czech Republic would use all the available means to defend its position.
Prime Minister Andrej Babiš likewise indicated he was ready to fight the issue, telling journalists that the EC did not have the right to interpret Czech legislation.
The price of flats in the Czech Republic is overinflated by 15 to 20
percent, according to the Czech National Bank. However, the bank board has
not changed its recommendations for mortgage lending. The forecast is that
the growth in real estate prices will slow in the coming months.
According to Deloitte, the price of an apartment in the Czech Republic rose to CZK 60,700 per square meter this year. An apartment with an area of 70 meters is selling for 4.2 million on average. In the large cities, especially Prague and Brno, prices are significantly higher.
Czech economic growth in the 3rd quarter has slowed to 2.5 percent
year-on-year, according to data released by the Czech Statistics Office.
Compared to the 2nd quarter GDP rose by 0.4 percent.
Analysts say this confirms the predicted slow-down in economic growth, although compared to the situation in Germany, the Czech Republic’s main export destination, the Czech figures are still viewed as positive.
Economic growth in 2018 reached 2.9 percent and the prediction for this year is 2.5 percent.
The number of ATM machines in the Czech Republic increased in the first
half of 2019 to 5461, according to the Bank Card Association. With 471 ATM
machines per one million users, the Czech Republic is still lagging behind
the EU average of 841.
Czechs withdrew CZK 46.8 million in 2018, which is 15 million less than in the previous year. The number of cards issued increased by 430,000 to 12.24 million.
The country’s first ATM machine was unveiled 30 years ago at a branch of the then Czech State Savings Bank on Wenceslas Square.
The Australian mining company European Metals Holdings (EMH) Limited has
reached a conditional agreement with the Czech energy company ČEZ Group
regarding a strategic partnership as well as large investment into a
lithium mining project around Cínovec in the North West of the country,
the Czech News Agency reports quoting a Wednesday statement by EMH. If the
agreement passes a due diligence check and is approved by shareholders it
will mean that ČEZ will pay EUR 34.06 million to receive a 51 percent
share in Geodet, a subsidiary of EMH, which possesses the rights to mine in
Lithium, a key component of electric car batteries, is sometimes referred to as the “metal of the future”. The Czech Republic is estimated to possess 3 percent of the world’s lithium reserves and the deposit around Cínovec is the largest in Europe.
The question of who owned the country’s lithium reserves was one of the key issues in the last general election in the Czech Republic. The Czech government is the majority owner of ČEZ.
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