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The Czech National Bank’s board is likely to raise interest rates by up to 1.25 percentage points on Wednesday, the Czech News Agency reported citing leading economic experts. This would bring the base rate to seven percent, the highest since 1999.
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On Sunday, meteorologists measured the highest temperature in the Czech Republic in June, with 39 degrees Celsius in Řež (10km from Prague). The current record from 2019, which was recorded in Ústí nad Labem region, was one-tenth lower.
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The Czech Republic has the highest rate of cannabis users among young people aged 15 to 34; 23% of young Czechs have used it in the last year. This is according to this year’s report from the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA).
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According to preliminary figures from the Czech Statistical Office (CZSO), the population of the Czech Republic grew by 3,200 to 10.52 million in the first quarter of the year. This increase was only due to the effect of foreign immigration (+10,800), as the natural population decreased by 7,600.
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The Czech Republic should spend 2 percent of its GDP on defence in 2024, which demonstrates Czech meeting its 2-pecent spending goal a full year before it originally planned, Czech Prime Minister Petr Fiala stated.
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