The fastest state-of-the-art network for fixed internet connection will be available for almost one million more Czech households and companies. This is the outcome of agreement reached between T-Mobile Czech Republic and Vodafone Czech Republic, which have decided to join forces and fundamentally accelerate the digitalisation of the Czech Republic through joint construction and mutual provision of access to infrastructure. In practice, the project will also result in a more efficient and environmentally friendly construction process, for example, due to the fact that significantly less separate excavation work will be required.  

On Friday, 4 March 2022, a draft amendment to the Income Tax Act was introduced to provide tax reliefs for taxpayers' charitable activities related to assisting Ukraine and its people in the conflict. The government will discuss the draft amendment on Wednesday, 9 March 2022. The amendment to the Act could come into effect around April/May, with the law providing for retrospective effect from the beginning of 2022. The tax administration shall therefore already be proceeding in agreement with the planned amendment.

In February, Czech consumer prices increased by a further 1.3% mom. After seasonal adjustments, monthly price dynamics slowed from a significant 2.9% rise in January to 1.2% in February. Housing-related costs (contribution: 0.5pp), supported by continued growth in energy prices, and food (contribution: 0.3pp) were the main drivers of the 1.3% mom inflation. Imputed rents rose by 0.6% mom and food prices (excluding alcohol and tobacco) by 1.4% mom. However, prices also continued to grow in other categories of goods and services, such as transport due to higher fuel prices, so the inflation remained broad-based. Goods prices increased by 1.4% mom and prices in services by 1.0%.