Morning Briefing │ Wednesday, April 24th, 2024

* EURO:

Czech businesses express overall support for adopting the euro, citing benefits like reduced exchange rate risk and transaction costs. A Deloitte survey underscores the positive outlook of Czech companies towards euro integration, anticipating enhanced trade opportunities and increased investor confidence. The government awaits evaluations on joining the eurozone and aims for a decision by next year.

* CLIMATE:

Sub degree temperatures continue to cause problems around the country with monitoring stations reporting night time lows of -10 to – 15 degrees Celsius in some parts of the country and fresh snow in the mountain regions. Farmers are concerned about the effects of the cold spell on this year’s harvest with some predicting losses of up to 40 percent.

* WEATHER:

Wednesday should bring overcast skies and rain or snow showers around the country. Day temperatures should range between 7 and 11 degrees in Bohemia and 2 and 5 degrees in Moravia and Silesia.

* HEALTHCARE:

pending on healthcare in the Czech Republic has increased by 60% over the past five years, exceeding CZK 456.6 billion last year, according to a report from an analytical commission studying the distribution of finances among insurers and healthcare providers in 2025. In relative terms, the amount spent on home care and nursing care in residential social care facilities increased the most, rising by more than 130%.

* POLITICS:

The Czech prosecutor has charged the former head of the Czech presidential office, Vratislav Mynář, with subsidy fraud and damaging the financial interests of the European Union.After more than three years of investigation, an indictment has been issued in the case involving Mynář’s company, Clever Management. Mynář could face prison and fines if found guilty, Czech media Seznam Zprávy reported on Monday.