Czech economic sentiment strengthened in April to the highest level in nearly ten years, survey data from the Czech Statistical Office showed Tuesday. The economic sentiment indicator rose to 15.8 in April from 15.3 in the previous month. Moreover, this was the highest score since May 2008, when it marked the same 15.8. At the same time, the consumer confidence index weakened to 10.0 in April from 10.3 in March. The survey revealed that consumers were slightly more afraid of a decrease in the overall economic situation over the next twelve months, while worries about their financial standing almost unchanged compared to March. The business confidence index improved to 17.2 in April from 16.5 in the preceding month. Author: red
U.S. President Donald Trump said different cities are under consideration for his planned meeting in “early June or before” with North Korea leader Kim Jong Un. Bloomberg included Prague in a list of nine possible locations, including Oslo, Helsinki, Stockholm, Geneva, Warsaw, Ulaanbaatar, Bankok, and Singapore. Kim Pyong Il, Kim Jong Un’s uncle, is North Korea’s ambassador to the Czech Republic. US President Donald Trump expects to meet North Korean leader Kim Jong-un in the coming weeks – but ties conditions to the encounter: everything is done to make the meeting a “global success” said Trump. The Czech president’s office refused to comment on the speculation. “I will not comment on it in any way,” said Zemans spokesman Jiri Ovcacek. The general rule is that Prague is an “immensely beautiful and hospitable city,” the spokesman said. Author: red
The Finance Ministry (MF) has proposed merging the fee for accommodation with the recreational and spa fees into one paid by all short-term housing providers. The proposal still has a long way to go before it gets final approval. What is new is that it affects everyone who offers a short stay, regardless of the place of accommodation or its purpose. This merged fee would affect both standard hotels and occasional landlords such as those who use the Airbnb platform or similar online services. The current rules for accommodation fees were created before services like Airbnb existed, and do not specifically take them into account. Read the full article here (Prague.tv)
The prices of apartments in Prague – compared to last year – increased by 10.4% to 2,100 euros per square metre. Prague remains the most expensive city in the country: 2,750 euros per square metre. The cheapest regional capital is Ústí nad Labem, where the cost per square metre is less than 550 euros. A total of 27,000 apartments were sold in the Czech Republic in 2017. Analysts say the growth in real estate prices will slow down, but the trend will not reverse. Only an unexpected economic or political crisis could force a drop in apartment prices, according to analysts. Compared to the average for 2014, the average offer price has already risen by 35.5 percent. Prices have grown in most Prague districts, with the highest increase of 4.5 percent in Prague 6. A reason for the rise in real estate prices is the population growth in Prague. According to the demographic projections, the population of Prague is projected to grow by an additional 93,000 people by 2030 and 82,400 new apartments will be required. To meet this demand it was necessary to complete the construction of 5,500 apartments last year. Author: red
In order to prevent Prague from spreading across an ever-widening area, developers want to build new high-rise buildings of flats and offices. The most suitable locations are Pankrác, Holešovice and Vysočany, they claim. The higher concentration of people would result in lower costs to the city for transport and maintenance. But not all residents favor Prague getting filled up with modern towers. Conservationists, in particular, oppose the concept, as it would affect the historical skyline. Developers, though, see it as the way forward. The Prague Institute of Planning and Development (IPR) also counts on more high-rise buildings on the Pankrác plain and in Vysočany. Read the full article here (Prague.tv)
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