Sticky

Czechs consider spending a vacation in Turkey and Greece during the upcoming summer. Tunisia and Egypt are also some of the top choices. Exim Tours are waiting for the same sales as of January last year when the effect of the COVID-19 pandemic hasn’t been felt yet. Petr Kostka, Exim Tours spokesman, said that the interest is so high that the company had to prolong the sales until January 15. Besides, clients are interested in Egypt, Turkey, Greece, Tunisia, also Spain, and Italy.  The Fischer travel agency also noticed interest in first-minute tours. Families with children are the main customers because they want to get places in popular hotels with everything included. “The current numbers of pre-sales suggest that thisRead more.

Sticky

According to new data from Eurostat, nearly 300,000 Czechs, mainly elderly people, cannot afford to heat their homes sufficiently. Sadly, this percentage isn’t even among the worst in Europe.  Based on Eurostat’s numbers, the Czech Republic’s so called “energy poverty” situation is actually way better than most countries in Europe; roughly 2.8% of Czechs are experiencing this problem, whereas 30% of Bulgarians, 26.7% of Lithuanians, and 21% of Cypriots are suffering from an inability to heat their houses. Only 0.3% of Swiss have this issue.  Lukáš Kovanda, an economist from Trinity Bank told Aktualne that the main reason this problem exists is money, and the inability to afford sufficient heat. However, it’s also exacerbated by decrepit old buildings with insufficientRead more.

Sticky

The numbers are in and according to Minister of Finance Alena Schillerová, the Czech Republic ran a deficit of CZK 367 billion for 2020, dwarfing 2009’s deficit of CZK 192 billion, making it the worst deficit in the country’s history by a long shot.  As rough as it is, this deficit is actually lower than what was expected; Originally, the Chamber of Deputies had signed off on allowing for a CZK 500 billion deficit. Schillerová explained that there was CZK 110.7 billion extra in unexpected revenues to pad the losses. Roughly half of the unexpected revenue came from taxes, and CZK 26 billion came from the European Union.  Overall, the total state budget revenues fell by CZK 47.7 billion, andRead more.