Czech inflation slowed further in April to a headline rate of 12.7%, its lowest since March 2022, data showed on Thursday, possibly taking pressure off a central bank that has been weighing another interest rate hike. On a month-on-month basis, overall consumer prices fell 0.2%. The figures come after the Czech National Bank last week nearly renewed an interest rate hiking cycle that has been on hold since the middle of 2022. It voted 4-3 for stability, while those backing tighter policy had concerns over wage developments and loose fiscal policy. With the state budget deficit rising at a record pace so far in 2023, the government is set to detail a budget consolidation plan to cut the 2024 deficit by around 70 billion crowns ($3.30 billion) later on Thursday. Markets are pricing in little chance the central bank will raise interest rates again, after its 2021-22 tightening cycle lifted the base rate by 675 basis points to 7.00%. Analysts said April inflation data backed a view of no more rate hikes. “Inflation could fall even faster as cost conditions are improving,” Banka Creditas economist Petr Dufek said, citing easing gas prices and weakened demand as examples. Food prices rose...
On May 17th, Some Like It Czech is hosting a screening event for the uplifting drama Dark Blue World, a heartfelt tribute to the heroic Czechoslovak pilots who served in the British Royal Air Force during World War II. Directed by the acclaimed Oscar-winning filmmaker Jan Svěrák, this movie has been hailed as the main source of inspiration for the Hollywood blockbuster Pearl Harbor. To add an extra layer of context and insight, this screening will be accompanied by an introduction by a RAF historian Daniel Švec. “The heroes of the air battles over Europe, who won us respect among the peoples of all countries of the world, are gloriously returning to Prague, from where they once fled like outlaws. They were greeted at Ruzyně airport by general Svoboda and numerous officials.” With these words, the Czechoslovak Film Weekly reported on the return of the Czechoslovak pilots who served in RAF in August 1945. And these heroes are coming back once again… on a silver screen with the movie Dark Blue World (2001, watch the trailer) directed by an Academy winner Jan Svěrák. The film follows the story of two Czech pilots, who escape their homeland after the Nazi occupation...
Prague, in cooperation with the Prague 1 district, plans to charge non-residents entry fees for driving through the city’s historical center. The aim is to reduce excessive traffic passing through the center and to calm the traffic, as stated by the deputy mayor for transport, Zdeněk Hřib (Pirates), and the mayor of the first district, Terezie Radoměřská (TOP 09), during a debate on transport in Prague 1 on Wednesday. The measure could be implemented at the beginning of next year, but the details are still under discussion. There are also plans to restrict visitor parking in the center. According to Hřib, the current municipal management and Prague 1 have reached an agreement on charging fees instead of completely closing some areas to transit. “It’s a softer measure, but it pursues the same goal,” he said. Radoměřská confirmed his words, saying, “The zone in the city center should have a fee.” The city council will decide whether to introduce the measure. Hřib added that the congested city center is also a problem from the perspective of public transport, as cars slow down trams and cause delays throughout the network. He said that charging for entry should not affect residents at all, as it...
Orlando Bloom, the Hollywood star who lived in Prague for years during the filming of Amazon’s Carnival Row, apparently became a big fan of Czech beer in that time. Bloom has recently signed up to become the new brand ambassador for the Prague-based brewery, Staropramen. He will be the face of the new Staropramen TV commercial and social media campaign throughout Europe, set to launch later this year. “I’m happy to be representing such a quality product like Staropramen,” the actor states through a press release. “I think it’s important to partner with brands that practice what they preach. The team at Staropramen talk about quality and expertise a lot and, when it comes down to it, this is a great-tasting beer, brewed by some incredibly talented people.” The announcement of Bloom as its new ambassador comes after the expansion of the brand worldwide, including markets in Europe and Asia. Staropramen has been catering to a discerning audience for well over a century, which speaks to the high quality of their beer. The company also launched their zero-alcohol beer Staropramen 0.0 earlier this year in the United Kingdom, Ireland, and other European markets. Parent company Molson Coors is seeking further...
The Czech Republic’s unemployment rate dropped slightly in April, in line with expectations, figures from the labor office showed Wednesday. The unemployment rate was 3.6 percent in April, down from 3.7 percent in March. In the same month last year, the jobless rate was 3.3 percent. There were 261,700 unemployed people in April, compared to 273,500 a month ago. The labor office reported that by the end of April, job offices had registered a total of 284,530 vacancies. According to the latest Eurostat data, the Czech Republic still has the lowest unemployment rate in the entire European Union. Youth unemployment In March 2023, 2.763 million young persons (under 25) were unemployed in the EU, of whom 2.264 million were in the euro area. In March 2023, the youth unemployment rate was 14.3% both in the EU and in the euro area, down from respectively 14.5% and 14.4% in the previous month. Compared with February 2023, youth unemployment decreased by 33 thousand in the EU and by 14 thousand in the euro area. Compared with March 2022, youth unemployment increased by 105 thousand in the EU and by 91 thousand in the euro area. Unemployment by sex In March 2023, the unemployment rate...
Czech President Petr Pavel has said he supports the creation of an international war crimes tribunal to hold Russia accountable for its atrocities in Ukraine, he said in a video address posted on Twitter on May 9. “It is important to investigate these crimes, which is why I unequivocally support the creation of the tribunal,” Pavel said. “It is a key step on the road to both peace and justice,” he went on to say. Ukraine’s President Volodymyr Zelenskyy spoke at an online summit of the Core Group international coalition of May 9 dedicated to the issue of establishing a special tribunal to investigate numerous Russian war crimes committed in Ukraine. All 37 participants of the summit “confirmed their resolve to hold Russia’s top leadership accountable for the crime of aggression against Ukraine,” Ukrainian Foreign Minister Dmytro Kuleba wrote later on Twitter. The European Parliament and the Parliamentary Assembly of the Council of Europe have also voted to support the creation of a special international tribunal. On Monday, May 8, Mr. Pavel and other leading state representatives honoured the victims of the Second World War at Prague’s Vítkov memorial on the occasion of the anniversary of the end of the war in Europe. In his speech, the president compared the conflict to...
All-female band Vesna have made it as one of the 26 artists who will be competing in the final of the Eurovision Song Contest on Saturday in Liverpool. The girl group, representing Czechia in the contest, are among the top 10 performers from Tuesday night’s semi-final, along with Sweden, Norway, and Israel. The Czech government has introduced a clear definition of domestic violence, set to take effect next year. Almost 30% of women and 12% of men in Czechia have experienced domestic violence. The new definition identifies domestic violence as acts committed against a victim that affect their physical or mental integrity, freedom, dignity. Unemployment in Czechia fell slightly last month from 3.7 percent in March to 3.6 percent in April, according to data published on Wednesday by the Labour Office. There were 11,800 fewer people out of work than in the previous month, with 261,700 people unemployed overall. Czech Prime Minister Petr Fiala received the Italian Prime Minister, Giorgia Meloni, with military honours on Wednesday afternoon at his official residence in Prague. Bilateral relations, the EU, energy cooperation and new technologies were some of the topics on the meeting agenda. The government has exceeded its aim of saving at least CZK 70 billion from the state budget, environment...
In case you are a food lover or you would like to try out some different tastes, you will have a unique opportunity to do so this Sunday at Karlín food truck festival! Let yourself be carried away by the aroma and taste of quality dishes and unusual ingredients. A great selection of food and drink from the best gastronomic professionals awaits you. Mexicali Taco truck, Mac’s cart, Take Eat EZ, Nabu sandwich, WoW bar and MATE’S Pizza truck. This is just a small taste of what you can look forward to. The whole day is going to be accompanied by Dobré Ráno Blues Band starting at 12:00pm and an exclusive live set by DJ Hlava. As always, the organizers will have creative workshops and other accompanying programs for children. Venue: Karlín Market, Karlínské náměstí, Prague 8 Date: 14 May 2023, 11:00 – 19:00 Admission: FREE Find all the updates on the official FB event
In March of this year, the price of sugar in the Czech Republic rose by 98% compared to 2022, making it the most expensive in the European Union. Monthly data shows that this increase has been steady since August 2021, with inflation rates for February and March 2023 reaching 61%. This means that the average sugar prices in these two months were 61% higher than during the same months of the previous year. Czechia, Estonia, Poland, Germany, and Latvia observed the highest annual inflation rates for sugar, with an increase of 98%, 97%, 82%, 72%, and 70% respectively, while substantial, though lesser, increases were also recorded in Luxembourg (19%), Belgium (35%), Bulgaria (36%), and Ireland (37%). Hungary had the smallest increase in sugar prices by 17%. The rise in sugar prices is partly due to gas prices demanded by sugar mills during their production process. According to Eurostat, the gas price in the Czech Republic was the highest in the EU during the latter half of the previous year, increasing by 231% YoY, while it was only by about 30% in Hungary. A limitation on sugar prices imposed by the Hungarian government as part of its anti-inflation strategy earlier last...
Holeovice Market invites you to another of its gastronomic events, this time with a focus on Ukrainian delicacies. On Thursday, May 18, from 11 a.m. to 22 p.m. you can attend the second annual UKA UKRAJINU, a successful Ukrainian gastronomic festival. There will be plenty of half-moon shaped dumplings called vareniki, popular cabbage rolls filled with minced meat and rice with tomato sauce golubky, soups, and sweets. The first edition of the festival, which drew 4,000 people, was a huge success last year. “The main purpose of the festival is to celebrate the neighborhood.” Whether in the sense of being Ukrainian, the Czech Republic’s largest minority, or of two mutually close countries that have come together considerably more forcefully in the last two years. We wish to showcase the best of Ukrainian culinary available in the Czech Republic,” said Michal Tošovský, Program Director of the Holešovice Market Hall. Visitors will be able to purchase jewellery and accessories symbolizing Ukrainian traditions by Ally Pecherskaya or make a donation to help those affected by the conflict through the Refugee Aid Organisation. You can also look forward to a musical program because, at the same time, the #5PROSTOR music series will take place in the Market Hall....
Czech President Petr Pavel will receive Finance Minister Zbynek Stanjura (ODS) at Prague Castle on Wednesday morning to discuss the government’s budget consolidation package, the Finance Ministry announced. According to its earlier statements, the bill could include around 60 austerity measures. A new bill on domestic violence is designed to establish a consistent approach to domestic violence victims between the courts, police and child social and legal protection authorities, who presented the draft legislation today. The bill will embed a definition of domestic violence, lacking in Czech legislation until now. Czech Parliament approves amendment to make removing illegal billboards from highways and roads easier. Companies exploiting loopholes and renting unauthorized ad spaces will now face immediate removal of their structures. The Ministry of Transport aims to enforce existing rules more efficiently and maintain road safety. Czechia’s automobile production saw a year-on-year rise by 42 percent in March and grew by more than 10 percent when compared to February, according to data published by the Czech Statistics Agency this Tuesday. This was largely down to an improvement in the deliveries of necessary parts. A travelling outdoor exhibition called Faces of the CITES Convention is coming to Prague Zoo, and was...
The expat artist collective FRUIT JUICE COLLECTIVE are excited to announce their upcoming exhibition WTF Is Going On, featuring ten brand new paintings from members Vinny Bonger, Big Kill and Kilo Blimp. The exhibition opens May 12 at the recently rebranded Bistro Tri in Vinohrady, and will be celebrated with an opening event from 18:00 – 22:00. FRUIT JUICE COLLECTIVE was formed in 2022 by three expat artists with a mission to make art more accessible and to establish a more vibrant community for creative people living in Prague. They collaborate frequently with local businesses like Bistro Tri, Version Coffee and more to host events. WTF Is Going On will be their sixth exhibition, and their third at Bistro Tri. During their first year of meeting, they held five exhibitions, and painted two murals both in Breda Shopping Centre, Opava, and Young Dust Vintage Store in Prague. Now, they have (4) exhibitions lined up until the end of 2023 , including at Skautsky Institut in early June where they will be donating a painting to raise money for Czech women’s charity, Jako Doma. Following that they have two murals commissioned by PRE and the Prague 3 Municipality on two huge...
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