Daily economic news from the Czech Republic: overview of the past 24 hours (18.1.2025)

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Today Exchange rates (18.01.2025)	Google rate	Czech National Bank rate
1 USD to CZK	24.59	24.542
1 EUR to CZK	25.26	25.270
1 PLN to CZK	5.93	5.934
100 HUF to CZK	6.120	6.121
1 GBP to CZK	29.92	29.912
1 CHF to CZK	26.88	26.912
1 CNY to CZK	3.36	3.349
100 JPY to CZK	15.69	15.776
100 RUB to CZK	24.08
Au GOLD oz	2 703.20	USD
Ag SILVER oz	30.40	USD
BTC Bitcoin	104 094.50	USD

Overview of the latest economic events in the Czech Republic

In the past 24 hours, there have been several significant economic events in the Czech Republic. The Czech National Bank (CNB) announced a profit of CZK 154.8 billion in 2024, a year-on-year increase. This positive result contributes to strengthening the financial stability of the country. It was also announced that the completion of Prague's inner ring road will increase in price to CZK 113 billion, which may affect the capital's budget planning.

Foreign investments - trends and attractions: 24-hour overview

The Czech Republic continues to profile itself as an attractive destination for foreign investment. The growth of the Chinese economy has slowed to 5 % in 2024, which may affect investment flows towards Europe, including the Czech Republic. However, thanks to its stable economic environment and strategic location in the heart of Europe, the Czech Republic remains attractive to foreign investors.

Significant events outside the Czech Republic with global impact

At the global level, the International Monetary Fund (IMF) has raised its estimate for global economic growth this year to 3.3 %, which is positive news for the world economy. This growth may also have a positive impact on the Czech economy, especially in the area of exports. The European Commission has launched an investigation into algorithms on social network X, which may have implications for the regulation of digital platforms in the EU.

Impact on the Czech economy

These events have a direct and indirect impact on the Czech economy. The CNB's profits boost confidence in the financial system, while the increased cost of infrastructure projects such as the Prague inner ring road puts pressure on public finances. The slowdown in the Chinese economy may affect export opportunities for Czech firms, but the positive outlook for the global economy according to the IMF suggests possible offsets in other regions. Regulation of digital platforms in the EU may affect Czech businesses operating in the technology sector, requiring them to adapt to new conditions.

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