Czech Republic Inflation Set to Exceed 3% by Year-End Amid Rising Service and Regulated Prices

Czech Republic Inflation Set to Exceed 3% by Year-End Amid Rising Service and Regulated Prices

Inflation will again exceed three percent at the end of the year, fear representatives of the economic sector. Compared to Europe, it is maintained mainly by increasing the price of goods, and the price is regulated by the state. For the whole European Union inflation fell to 2.1 percent in September, on the other hand … Read more

At the beginning of September, we will integrate GasNet into our group, says ČEZ finance director – Seznam Zprávy

At the beginning of September, we will integrate GasNet into our group, says ČEZ finance director – Seznam Zprávy

ČEZ energy group’s half-year results exceeded analysts’ expectations. Year-on-year net profit decreased five percent to CZK 21.1 billion, and EBITDA profit increased to CZK 28.8 billion. The financial director of ČEZ, Martin Novák, also evaluates the figures positively. Following the second quarter, the group improved its full-year operating profit outlook. “The reason for the increase … Read more

ČEZ and Innogy Announce Significant Reduction in Electricity and Gas Prices for Customers

ČEZ and Innogy Announce Significant Reduction in Electricity and Gas Prices for Customers

ČEZ will reduce the fixed price lists of electricity and gas from Monday, the prices in them will gradually decrease every year, just like last year. “We are sticking to our strategy of projecting the drop in wholesale energy prices into the price lists for our customers this year as well, and we are coming … Read more

Government Energy Price Caps End, Thousands Face Price Increases in the New Year

Government Energy Price Caps End, Thousands Face Price Increases in the New Year

With the New Year, the government’s caps on energy prices, which were supposed to protect customers from high bills, ended. Large suppliers report over 50,000 customers who did not convert their expensive fixations to cheaper tariffs. For these people, the new year can bring an energy price increase of tens of percent. According to statistics … Read more

[Bilingual Financial News]National CPI fell by 0.5% year-on-year in November China’s prices generally remained stable

[Bilingual Financial News]National CPI fell by 0.5% year-on-year in November China’s prices generally remained stable

Data from the National Bureau of Statistics showed that the CPI fell by 0.5% year-on-year in November, with negative growth for two consecutive months, falling by 0.5% month-on-month; the PPI fell by 3% year-on-year, turning from flat to month-on-month, falling by 0.3%. The core CPI, which excludes food and energy prices, rose 0.6% year-on-year, the … Read more

After months of decline, inflation has risen slightly again: these products became more expensive or cheaper

After months of decline, inflation has risen slightly again: these products became more expensive or cheaper

Apart from energy prices, life is still becoming significantly more expensive. If you don’t take the decreased energy prices into account, life is still 5.95 percent more expensive than a year ago. This can be seen in the graph above by the dark line: that of core inflation. Core inflation is the figure that does … Read more

Experts warn against the cheapening of energy. It may have a hook | TN.cz

Experts warn against the cheapening of energy.  It may have a hook |  TN.cz

Most suppliers should soon send their customers information about adjusted energy prices for next year. Some will receive letters offering lower prices. But experts recommend being careful with them. People who don’t have a guaranteed price will probably just get a notification. But those with fixations can get an offer of more favorable conditions. However, … Read more

The Current Real Estate Market in Bavaria and Munich: Troubling Trends for Sellers, Buyers, and Tenants

The Current Real Estate Market in Bavaria and Munich: Troubling Trends for Sellers, Buyers, and Tenants

The current market report from the Real Estate Association of Germany Region South (IVD) has bad news for everyone: for potential sellers and buyers of apartments and houses in Bavaria and especially in Munich – and subsequently also for tenants. For the sellers, because their properties have been steadily losing value since 2022, for the … Read more

Energy Suppliers Lower Prices for Heating Season: September or October Discounts

Energy Suppliers Lower Prices for Heating Season: September or October Discounts

The heating season is slowly approaching and energy suppliers have started to reduce prices. Gas and electricity prices are being reduced by several companies. See how much the company will drop in September or October. OVER “At the beginning of the year, we promised that if it was at least somewhat possible, we would regularly … Read more

Because of “shopping advantages” – EVN lowers electricity and gas prices from September

Because of “shopping advantages” – EVN lowers electricity and gas prices from September

From September, all new and existing EVN customers can take out cheaper electricity and gas offers. The new Optima Garant12 is 22.5 cents net per kilowatt hour for electricity and 9.5 cents net for gas. For existing customers, such as those customers who have opted for the Optima Garant12 in recent months, the switch results … Read more