Overview of the latest economic events in the Czech Republic
The past 24 hours saw the release of retail sales data in the Czech Republic for December 2024. Sales grew by 3.2 % y-o-y, with the most significant growth seen in the e-commerce and electronics sales segments. This trend indicates a continued consumer shift towards online shopping and increased demand for technology products.
Foreign investments - trends and attractions: 24-hour overview
In the area of foreign investment, the French company TotalEnergies has announced a plan to build a network of fast-charging stations for electric vehicles along the main motorway routes in the Czech Republic.The CZK 1.5 billion investment is intended to support the development of electromobility and facilitate the transition to sustainable forms of transport.
Significant events outside the Czech Republic with global impact
On the global scene, there was a significant rise in oil prices, with the price of a barrel of Brent exceeding the $90 mark. This increase is due to OPEC+ production curbs and increased demand in Asia higher oil prices may affect transportation and production costs in the Czech Republic.
Impact on the Czech economy
Retail sales growth of 3.2 % reflects positive consumer confidence and economic stability.TotalEnergies' investment in electric vehicle infrastructure will support the development of sustainable transport and may increase the attractiveness of electric vehicles for Czech consumers. On the other hand, rising oil prices may lead to an increase in fuel prices and production costs, which could negatively affect inflation and the purchasing power of the population.
Current exchange rates according to the CNB and Google Rates
Currency | Czech National Bank exchange rate (CZK) | Google Rate (CZK) |
---|---|---|
EUR | 25.135 | 25.1037 |
USD | 24.259 | 24.1751 |
PLN | 5.975 | 5.99 |
HUF | 0.06187 | 0.062 |
GBP | 30.029 | 30.0573 |
CHF | 26.791 | 26.7158 |
CNY | 3.328 | 3.3164 |
JPY | 0.15919 | 0.1597 |
RUB | N/A | 0.2498 |
GH