Title: Negative Electricity Prices Threaten Solar Energy Development in the Czech Republic Subtitle: Fossil Electricity Demonstrates its Irreplaceability, Says Economist Lukáš Kovanda Date: June 21, 2023 Negative electricity prices have arrived in the Czech Republic earlier than expected, posing a threat to the further development of solar energy in the country. This phenomenon, which has … Read more
Why did the consolidation package really upset the unions so much? Economist Lukáš Kovanda writes in his commentary that he is worried about food stamps, multi-sports and that he will lose the coercive power of his lobbying. Union leaders belong to to the quieter critics of the consolidation package, which the government presented on Thursday … Read more
Fitch’s downgrade of France’s credit rating on Friday underscores how much the eurozone has changed since 2004. Back then, the Czech Republic as a “four-wheeler” should have entered the “one-wheelers”, today the Czech Republic is a “two-wheeler” and should be included among the “worse three-wheelers”. When the Czech Republic joined the EU on May 1, … Read more
Both the Czech koruna and bitcoin are rising to highs against the dollar. Because of yesterday’s cardinal mistake of the head of the American central bank. During trading yesterday evening CET, the Czech koruna strengthened against the dollar to the level it last reached before Russia’s invasion of Ukraine last February. It strengthened up to … Read more
The koruna breaks through the threshold of 23.90 per euro, for the first time since November 2008. However, it will weaken by the end of June. “Now is a good time to buy foreign currency,” advises economist Lukáš Kovanda. The Czech currency broke the exchange rate limit of 23.90 crowns per euro on Thursday afternoon. … Read more
People are buying less and less. They are limiting their spending more significantly than during the pandemic, when many shops were closed or access to them was difficult. November retail sales fell for the seventh month in a row, according to statistics data. The Czechs mostly dampened food purchases, on the contrary, sales of cosmetic … Read more
Mainland China shares trading on the Hong Kong Stock Exchange fell 7.3% on Monday. This is the deepest drop in the relevant indicator – Hang Seng China Enterprise Index – since the global financial crisis of 2008. It also strongly weakened Hong Kong’s leading equity indicator – Hang Seng – which lost 6.4% . Chinese … Read more
Due to the large price, Czechs help save income on all the things other than medication, primarily petrol and diesel. There will be company or restaurant bankruptcies and an improve in unemployment. Sales of the Czech retail profits fell 7.2% 12 months-on-year in real conditions in July. It is far more than expected. Czech and … Read more
The West is to blame for the energy crisis and rapid inflation, writes the Wall Street Journal. Decades of pushing the green agenda have weakened democracies and are strengthening the influence of autocracies. The two core problems facing the West today cannot be blamed on external forces. Neither the pandemic nor Putin and his February … Read more
There is a break in the ECB’s monetary policy. The increase in interest rates is no longer conditional on the euro area central bank terminating the purchase of bonds. This approach can seriously widen the gap between rich and poor. The rich will be even richer and the poor even poorer. Such may be the … Read more