Daily economic news from the Czech Republic: overview of the past 24 hours (20.1.2025)

Today Exchange rates (20.01.2025)	Google rate	Czech National Bank rate
1 USD to CZK	24.20	24.427
1 EUR to CZK	25.21	25.205
1 PLN to CZK	5.93	5.922
100 HUF to CZK	6.130	6.101
1 GBP to CZK	29.83	29.795
1 CHF to CZK	26.69	26.722
1 CNY to CZK	3.31	3.341
100 JPY to CZK	15.56	15.617
100 RUB to CZK	23.96
Au GOLD oz	2 707.78	USD
Ag SILVER oz	30.55	USD
BTC Bitcoin	103 752.40	USD

Overview of the latest economic events in the Czech Republic

The Czech economy recorded moderate growth in Q2 2024. Gross domestic product (GDP) grew by 0.4 % q-o-q and by 0.6 % y-o-y. Household and government consumption contributed to growth, while corporate investment activity remained cautious.

Foreign investments - trends and attractions: 24-hour overview

The transformation of the Czech heating industry towards low-emission sources brings opportunities for foreign investors. Modernisation of heating plants, such as switching to biomass and natural gas, increases the efficiency of heat supply and reduces the environmental burden. Investments in these projects can boost domestic industry and construction.

Significant events outside the Czech Republic with global impact

The EU plans to increase the share of renewable energy to 60 % by 2030 and to 75 % by 2035. This transformation will affect wholesale electricity pricing in the EU. It is estimated that in 2030 the price of power electricity will be between 67-82 €/MWh.

Impact on the Czech economy

The planned changes in the European energy sector may affect the Czech electricity market, especially in relation to prices and energy availability. The transition to renewables presents both a challenge and an opportunity for the Czech Republic to modernise its energy infrastructure. At the same time, the transformation of the heating sector towards low-emission sources can bring economic benefits and reduce dependence on fossil fuels.

Daily economic news from the Czech Republic: overview of the past 24 hours (20.1.2025)

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