Although we expect the underlying recovery to continue, the data in the Czech Republic are likely to show some weakness in August. We believe that to a large extent this was caused by the holidays. We expect to see the recovery continue in September. The first release of GDP for the third quarter should point to a faster-than-expected recovery. Inflation for September should ease in mom terms but increase in yoy terms due to the base effect.

In less than four months, Panattoni, the industrial zones builder, has built a new hall at Panattoni Park Stříbro for Raben Group. Back in the spring, it seemed that it would take a small miracle for the schedule to be met. The developer had started construction work at the most difficult time, when the Czech Republic was imposing an extensive set of quarantine measures, and it also had to deal with delays due to archaeological research. However, thanks to the good coordination of the construction and the extreme commitment shown by the contractor, the 10,000 m² building was finally handed over for use as originally planned.

In response to the coronavirus pandemic, the Ministry of Industry and Trade has submitted an amendment to the Government Decree on Investment Incentives aiming to provide more substantial support for investments involving selected strategic products.

The EU Digitalisation Directive makes it possible to create a company (and pay up the company’s capital stock) remotely from anywhere, even one’s garden or cottage, as long as the founder has internet access.