On Friday, May 24, before a full house, Czech National Bank governor Jiří Rusnok gave a clear thumb’s up to the country’s economic performance, and discussed what could threaten the crown’s stability.
Economic confidence fell in May, close to a three-year low, mainly due to a decline in confidence in industry and services. Household confidence increased slightly, but also remains close to mid-2016 levels.
The Czech National Bank published the main conclusions of the forthcoming Financial Stability Report planning to be published on 11 June. Income limits affecting housing loans affordability did not change, but the CNB increased the countercyclical capital buffer again to 2%.
Czech taxes are complicated, according to the Global MNC Tax Complexity Project, which has measured the complexity of tax systems in 100 countries around the world, expats.cz wrote.
The Deutsche Bank 8th annual survey of global prices and living standards from various countries and cities around the world is out.
Strategic Directions for Czech Economic Policy
- 1) The home of value-added manufacturing
- 2) Prague-Brno-Ostrava Creative Triangle
- 3) Health Care as an export industry
- 4) Government as a competitive advantage
In Policy Pipeline policy developments in the Czech Republic and abroad are monitored to bring better understanding of current topics and trends.