As per the latest statistics, more than 132 thousand passengers passed through the gates of Václav Havel Airport Prague this May, representing a significant increase of over 1,500 percent compared to May 2020, when the operation of the airport was unprecedented due to the Covid-19 pandemic and the related restrictions on travel. Prague Airport handled 30% more passengers in May 2021 than in April this year.

As expected, the CNB raised its two-week repo rate by 25bp to 0.50% at its June meeting, with four of the bank’s board members voting in favour, another calling for a 50bp increase and the remaining two preferring continued rate stability. Persistently high inflation and significantly reduced uncertainty around the pandemic were the main reason for the rate hike. Inflation has remained above the CNB’s 2% target for more than two years, which could have an adverse effect on inflation expectations. Moreover, current economic trends are pro-inflationary. Governor Rusnok said at the press conference that, if necessary, the CNB is ready to increase interest rates at each subsequent monetary policy meeting. However, he currently does not think this will be the case. We expect two more hikes this year pushing the repo rate up to 1% at the year-end.

Brands must differentiate to meet new consumer demands for health and safety, customer service and personal care, and other priorities

The Regional Court in Brno issued ruling ref. no. 30 Af 83/2018 - 227 which addresses practical accounting problems in interest on loans past due dates, bonuses to employees and accrual accounting principal for expenses and income. Our article discusses these three topics in detail.