The Prague Stock Exchange started July with a slight increase, with the PX index rising by 0.13 percent. The state treasury is relieved – tax revenues for the first half of the year exceeded the same period last year by five percent, reaching 789 billion crowns. The Czech Statistical Office confirmed that the Czech economy grew at a rate of 2.2 percent in the first quarter of this year.

The Prague Stock Exchange started the new month with a slight increase. Despite low activity, the PX index rose by 0.13 percent to 2,570.87 points. Shares of Komerční banka helped, and the defense group CSG also rose for the third consecutive time. On the other hand, ČEZ and Erste Bank lost value.

The state collected 789.3 billion crowns in taxes in the first half of the year, an increase of five percent year-on-year. The collection of corporate income tax grew the fastest. In absolute terms, the collection of VAT increased the most, which remains the main source of tax revenue. This is according to data from the Ministry of Finance on the results of the state budget for the first half of the year.

The Czech Statistical Office confirmed that the Czech economy grew by 2.2 percent year-on-year in the first quarter of this year. The result confirms the solid performance of the domestic economy despite the deteriorating external environment, which is characterized primarily by pressure on exports and uncertainty surrounding global trade.

gnews.cz - GH

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