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State pensions will be increased in June in view of the high rate of inflation, the Czech government announced on Wednesday. Old-age and widows and widowers pensions, as well as benefits for the handicapped will go up by 8.2 percent.
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According to Prime Minister Petr Fiala (ODS), today’s government approved compensation for entrepreneurs. It will give up to CZK 5 billion from the budget. Four support programs will be available.
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The average mortgage rate in the Czech Republic climbed to 3.43 percent in January from 2.99 percent the previous month, the single biggest one-month jump since 2003. The mortgage rate could reach around 5.5 percent in the second half of 2022.
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The Czech Republic has registered over 3.4 million confirmed cases of Covid-19 since the outbreak of the pandemic in March 2020 and the latest 100,000 new confirmed cases occurred over five days.
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The CEO of Czech Railways (ČD), Mr. Ivan Bednárik, has announced he will resign on February 28. He would not comment on his resignation, except to say that the reasons were between him and the board, and that he disagreed with savings planned by the Czech government which would have a direct impact on ČD.
