Overview of the latest economic events in the Czech Republic
In the past 24 hours, unemployment data for December 2024 was released. The unemployment rate rose to 3.5 %, an increase of 0.2 percentage points from the previous month. This increase is partly attributed to seasonal factors and the termination of some temporary work contracts.
Foreign investments - trends and attractions: 24-hour overview
In the area of foreign investment, the South Korean company Hyundai announced a plan to expand its research and development centre in Nosovice. The CZK 2 billion investment is aimed at strengthening the development of electric and autonomous vehicles, which will create approximately 300 new jobs for highly qualified professionals.
Significant events outside the Czech Republic with global impact
On the global front, there was a significant drop in natural gas prices, which fell by 5 % due to a mild winter in Europe and higher than usual inventories. This development could lead to lower energy costs for Czech households and industry.
Impact on the Czech economy
The increase in the unemployment rate to 3.5 % indicates the need to monitor the labour market and take measures to support employment where appropriate. The expansion of Hyundai's research centre will strengthen the technology sector and contribute to innovation in the automotive industry. The fall in natural gas prices may have a positive impact on energy costs, which could support the competitiveness of Czech businesses and increase consumer purchasing power.
Current exchange rates according to the CNB and Google Rates
Currency | Czech National Bank exchange rate (CZK) | Google Rate (CZK) |
---|---|---|
EUR | 25.05 | 25.0257 |
USD | 23.906 | 23.8527 |
PLN | 6.018 | 6.0036 |
HUF | 0.0622 | 0.0622 |
GBP | 30.106 | 30.0211 |
CHF | 26.531 | 26.5092 |
CNY | 3.29 | 3.2882 |
JPY | 0.15645 | 0.1566 |
RUB | N/A | 0.2619 |
GN