Daily Summary of the Czech Economy: Mortgages, Kofola, PX Stock Exchange, Fuel Prices (July 9, 2026)
The average mortgage rate rose to 5.32 percent at the beginning of July, returning to the level from November 2024. Kofola and the investment group Invest Gate signed an agreement to acquire the manufacturer of mineral waters Bílinská kyselka, Zaječická hořká, and other traditional springs. The Prague Stock Exchange weakened on Wednesday; the PX index fell by 0.79 percent below the 2600-point mark.
The average mortgage rate rose month-over-month by 0.02 percentage points to 5.32 percent at the beginning of July. This is the fourth consecutive increase and returns the rate to its level in November 2024. This information comes from the Swiss Life Hypoindex, which is compiled based on offer rates at the beginning of each month. The methodology reflects the current average offer rate for a mortgage loan covering 80 percent of the property's value.
Kofola and the investment group Invest Gate today signed an agreement to purchase Bohemia Healing Marienbad Waters, which produces traditional mineral and medicinal waters such as Bílinská kyselka, Zaječická hořká, Rudolfův pramen, and Excelsior. Both companies won the tender process within the insolvency proceedings, which have been ongoing since June of last year. Due to an inability to fulfill obligations, including repaying bonds, the traditional brands were at risk of disappearing. The creditors' committee has already approved the sale, with full settlement expected in the third quarter of this year. The company in Bílin employs 22 workers on two shifts, while another six work in Mariánské Lázně.
The Prague Stock Exchange weakened on Wednesday; the PX index closed below 2600 points – falling by 0.79 percent to 2592.54 points. Most stocks lost value, with Erste Bank shares being a major drag on the index, losing over three percent. Other banking stocks recorded smaller losses. Conversely, the shares of the insurance company VIG and the energy company ČEZ rose in value. The PX index last closed above 2600 points last Friday – this was the first time since April.