The coronavirus pandemic has pushed back the Czech economy
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2017/03/praga.jpg)
Czech economic development falls by two percent compared to EU average
Statistics from the Prague Ministry show that the Czech Republic’s economy is still better than its three Visegrad partners (Poland, Hungary, Slovakia) and, among the old EU Member States, Portugal or Spain.
As for the three Visegrád states, Poland remained at 72 percent year-on-year, Hungary increased its level of development by one percentage point to 71 percent, while Slovakia fell from 67 percent to 65 percent, according to the Czech Ministry of Finance. (MTI)
Related news
The development of fuel and food prices moderated inflation in the Czech Republic
Annual inflation in the Czech Republic dropped to two percent…
Read more >The growth of Czech retail sales slowed down in May
Retail sales in the Czech Republic increased for the sixth…
Read more >Billa, Penny, Shell Team Up To Expand EV Charging Infrastructure In Czechia
Billa, Penny and Shell have entered into a strategic partnership…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >