The mergers and acquisitions market was fundamentally affected by the Covid-19 pandemic and the Central and Eastern Europe region will evidently experience a “lean year” following record periods. While 726 significant transactions at a value of 42.3 billion euros were carried out in the region in 2019, according to the international study “Mazars Investing in CEE: Inbound M&A Report 2019/2020”, this year the acquisition market, according to experts and investors, will develop similarly as in the period of the previous financial crisis in 2008 due to the effects of the pandemic.

Czech inflation decelerated from 3.2% in April to 2.9% in May, but the market expected a stronger deceleration to 2.6%. Interestingly, service prices continue to grow despite Covid-19 issues

The Czech unemployment rate increased slightly in May, but this does not mean that the labour market is immune to the economic fallout from the pandemic. This slight increase is probably the result of government measures, but once these measures end, we're likely to see an increase in the months ahead.

Project "Make Yourself at Home in Prague" to support the restart of Prague tourism was unanimously approved this week by the City Council. The aim of the project is to support tourism in the capital and make the stay of visitors more attractive. A benefit point system will be used for this purpose, which will enable visitors to use points for free admission to the participating attraction (museum, gallery etc.).