Overview of the latest economic events in the Czech Republic
The Czech economy shows stable growth in 2025. According to the Czech Chamber of Commerce, real GDP is expected to grow by 2.8 % year-on-year, with household consumption remaining the main driver. Inflation is expected to reach an average of 2.3 %, indicating a continued disinflationary trend.
The state budget recorded tax revenues of CZK 750.7 billion in the first half of 2025, an increase of 8 % year-on-year. The most significant growth was recorded in personal income tax and value added tax (VAT), which remains the main tax revenue of the state.
Czech Post has concluded a new collective agreement with trade unions, which will be valid until at least mid-2026, with the possibility of extension until the end of 2027. The agreement provides benefits for employees in the amount of CZK 750 million per year.
On the Prague Stock Exchange, the PX index appreciated slightly by 0.12 % to 2153.73 points. The growth was mainly driven by shares of Doosan Škoda Power, Moneta Money Bank and Komerční banka.
Significant events outside the Czech Republic with global impact
US carmaker Tesla saw sales fall by 13.5 % year-on-year to 384,122 vehicles in the second quarter of 2025. This decline is the second in a row and reflects challenging market conditions.
The Czech Republic, along with 17 other EU Member States, has sent the European Commission requests for changes to the ETS2 emissions trading system, which should include transport and heating of buildings. The states are demanding regular publication of information on the pace of renewable energy deployment and the establishment of a mechanism to limit fluctuations in allowance prices.
European Central Bank Vice President Luis de Guindos expressed concern about the strengthening of the euro against the US dollar. If the exchange rate were to exceed 1.20 dollars per euro, it could negatively affect the eurozone's export dynamics. The euro is currently trading at USD 1.18.
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Chart source: tradingeconomics.com
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