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Prague is catching up with West European real estate markets, the daily e15 reports, citing a new survey released by PriceWaterhouseCooper and the Urban Land Institute, carried out among developers and investors. According to the 2019 report, Prague is one of the 20 most sought after cities in Europe for real estate purchases.

The prices of basic commodities in Czech shops continue to rise. According to data released by the Czech Statistics Office, consumer prices in May increased by 0.6 percent compared to April, driven mainly by higher prices of food, specifically fruit and vegetables.

Up to 25,000 people could be living in Prague 7‘s Bubny neighbourhood, at least according to a study commissioned by Prague City Hall, whose results were announced at a press conference of Tuesday.

The unemployment rate in the Czech Republic fell to a new low in May, at 2.6 percent down from 2.7 percent the previous month. The drop was in line with expectations and is attributed to seasonal work.

The German Central Bank has published a prediction on the country’s expected economic growth for 2019. It lowered its expectations from 1.6 percent to 0.6 percent. The Czech manufacturing sector is very dependent on German economic strength and Germany is also the Czech Republic’s largest trading partner. However, analysts questioned by the Czech News Agency say that changes in the forecast were expected and will not affect the Czech economy.

Prague inhabitants with an average salary would have to work for nearly fifteen years for a flat of approximately seventy square metres, if they didn’t have any other expenses, suggests a study by the developer company Central group. Just a year ago, Praguers needed to work less than 14 years to acquire a flat, while in 2014 it was less than ten years.

Experts from the Czech University of Life Sciences are working to create a landscape with elements to ensure that the land can withstand drought and floods. If it proves successful, the project should serve as a model for areas elsewhere in the Czech Republic and Europe.

Czech breweries exported a record 5.16 million hectolitres of beer last year, an increase of over 11 percent in 2018, the Czech Beer and Malt Association reported this week. For the first time in history, the volume of beer in tanks and kegs surpassed bottled and canned beer.

As the dust settles in the wake of the European elections individual parties and movements are counting their political and financial gains and losses. The latter has little to do with the given entity’s political success, but depends largely on how much the party or movement spent on campaigning and whether they won enough votes to get a contribution from the state. In line with Czech law every party or movement that wins over 1 percent voter support gets 30 crowns for every vote collected.

Corporate catering businesses are on the rise in the Czech Republic, with more and more fast food chains and food retailers delivering their products directly to companies, the news site e15 reports. In-office catering is mainly intended for business meetings or trainings but it is also used as one of the benefits for employees. According to e15, Czech companies and institutions spend billions of crowns annually on corporate catering.