Good news from China?
The Chinese economy grew by a record 18.3 percent year on year in the first quarter. However, the figures are skewed because the economy fell sharply a year ago due to a pandemic.
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Compared to the previous quarter, the Chinese economy grew by only 0.6 percent, which is the worst value in the last decade.
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Throughout last year, China’s economy grew by 2.3 percent, at least in 44 years.
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Markets are growing!
World stock markets are on record and the prices of some commodities, especially oil, are also rising. The general optimism after the reports of the record growth of the Chinese economy and the solid development of the US economy recovering from the pandemic contributes to the growth.
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PPF is closer to buying Moneta
PPF Group has taken another step on its way to dominating Moneta Money Bank. The Czech National Bank approved the group to increase its stake in Moneta by up to 30 percent. A possible merger of Moneta and Air Bank, which PPF owns, would create the third largest bank in the Czech Republic.
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Cheaper apartments in Prague?
Prague has a plan to reduce the cost of new apartments by up to a third. Councilors want to support cooperative housing, the city would advantageously provide land to cooperatives. But those interested would have to save quite a bit. One million crowns or more for an average apartment. Therefore, Prague will strive to create a subsidy program.
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The car market is full
The car market in Europe has grown significantly. In March, new car registrations rose 87 percent to a million cars sold. For the entire first quarter, growth was just over 3 percent, as sales in January and February fell by about 20 percent year on year. In the Czech Republic, sales of new passenger cars fell by more than a percent to 50,000 in the first quarter, but rose by almost half in March alone.
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The pool manufacturer is expanding
The Czech company Albixon, which is one of the largest European pool manufacturers, has bought an 80% stake in 3D Tech. The price of the transaction is estimated at tens of millions. Why did the company decide to invest in 3D printing? This is what the head of the company, Zdeněk Vosolsoba, told us.
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For an overview of business events from previous days, see in a quick video HEREif you want a quick overview of today’s economic news, go HERE, and if you are really interested in business and want to see its top form, look SEM.
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