Overview of the latest economic events in the Czech Republic
Banks and building societies granted mortgage loans totalling CZK 275 billion in 2024, an increase of 83 % yoy. Interest rates continued to fall in December from 4.85 % to 4.80 %.
Foreign investments - trends and attractions: 24-hour overview
Photon Energy plans to build a solar-hydro power plant in South Africa worth billions of crowns, which shows the growing interest of Czech companies in foreign investments in the field of renewable energy.
Significant events outside the Czech Republic with global impact
President Joe Biden's administration has delayed a ban on the merger of U.S. Steel and Nippon Steel, with both companies defending themselves in court. This situation could affect the global steel industry and supply chains.
Impact on the Czech economy
The growth of the mortgage market indicates the recovery of the Czech economy and consumer confidence in the real estate market. Foreign investment by Czech companies in renewable energy is strengthening their position in the global market and bringing new opportunities for the Czech economy. Global events, such as the postponement of the merger ban between U.S. Steel and Nippon Steel, may have an indirect impact on the Czech industry, especially in the area of supply chains.
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