Despite the CNB hiking rates twice over the summer, the koruna remains rather weak while core inflation is accelerating on the back of rising wages. The CNB’s forecasts assume one more hike in the third quarter, and the market has already priced it in. We expected a hawkish outcome from the latest CNB meeting that would see the koruna strengthen. However, although the bank’s short-term outlook did prove hawkish, the FX market has not reacted. We change our CNB call in accordance with the market view of September hike. We still expect another hike in November.

On 29 August AmCham held the pre-election roundtable with Štěpán Štrébl, campaign manager of the Czech Pirate party, on AmCham economic priorities for Prague. 

The U.S. presents the challenge of an unfamiliar market and regulatory structure. This challenge can be met effectively by securing knowledge readily available. Every state has active investor councils to help foreign investors navigate incentives, regulation, and logistics. This guide is intended as a preliminary look at those issues and resources.

CBRE, a global leader in real estate services, released its latest industrial rental space market quarterly report. Vacancy rates remain very low below 4 % and more than half of space currently under construction is already pre-leased. Net demand is driven mainly by manufacturing companies.