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11/05/2026
The Czech National Bank raised its key interest rate by a quarter of a percentage point to four percent on Thursday, the highest level since early 2025. The decision was widely expected by financial markets amid forecasts of accelerating inflation next year. Higher interest rates generally make mortgages and business loans more expensive, while increasing returns on savings and bank deposits. Central bank governor Aleš Michl is due to explain the decision at a press conference and present a new macroeconomic forecast that informed the bank board's decision. The rate increase marks a further tightening of Czech monetary policy.
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11/05/2026
People in Czechia can expect mostly clear skies with morning fog and temperatures up to 11 degrees.
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11/05/2026
The proportion of Czech businesses using artificial intelligence has doubled over the past year, according to figures released by the Czech Statistical Office on Thursday. AI is now used by 35 percent of companies with more than ten employees, including nearly three-quarters of large firms, half of medium-sized businesses and almost a third of small enterprises. The most common applications include generating text, computer code and human-like speech. Around one-fifth of companies use AI to create images, videos or music. The survey also found that 60 percent of Czech businesses pay for cloud services, more than three times the proportion a decade ago.
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11/05/2026
Czechs feel safer than at any point in the past four years, according to the latest Safety Index compiled by insurer ČSOB Pojišťovna and polling agency STEM/MARK. The index rose slightly to 54.1 points out of 100, based on a survey of 2,000 people. Respondents feel most secure about keeping their homes, while serious health complications and major financial losses remain their biggest concerns. Mental health is another significant issue, particularly among young people. Three in five respondents under 25 say psychological difficulties could lead them to consider leaving their jobs, compared with 45 percent of all adults surveyed.
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11/05/2026
Bomb disposal teams found no explosives or other dangerous objects aboard four aircraft that received bomb threats while flying to Prague on Thursday. The planes, two from Britain and one each from Ireland and Greece, landed safely between 9:45 and 10:30 a.m. Similar threats targeted commercial flights elsewhere in Europe, including three aircraft in Bulgaria and flights landing in Vienna and Brussels. Additional searches of Prague Airport and its surroundings found nothing suspicious, and security measures were lifted before noon. Airport operations were unaffected. Czech police are examining possible links, with the National Counterterrorism, Extremism and Cybercrime Centre leading the investigation.
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11/05/2026
Czech opposition parties have failed for a third consecutive day to put a motion to dismiss lower house speaker Tomio Okamura (Freedom and Direct Democracy Party) on Parliament's agenda. Opposition MPs object to his handling of the debate on abolishing television and radio licence fees. They say Okamura unfairly restricted speaking time and scheduled a vote for early Saturday morning before the debate had even begun. On Thursday, the governing coalition of ANO, Freedom and Direct Democracy and Motorists blocked the proposal without a vote. Okamura previously dismissed the opposition's objections as lies and attacks.
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11/05/2026
Czech carmaker Škoda Auto says it will reconsider sponsoring the Ice Hockey World Championship if Russia returns to the tournament. The company, a main sponsor since 1993, opposes a ruling by the Court of Arbitration for Sport allowing Russian teams back into International Ice Hockey Federation competitions. Škoda says Russia's continuing aggression against Ukraine makes its participation incompatible with the company's values. The Russian team could return at the 2027 championship in Germany. Other sponsors, including Czech betting company Tipsport and brewery Plzeňský Prazdroj, have also raised objections, while several foreign sponsors have threatened to withdraw.
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11/05/2026
Retail sales in Czechia grew by 4.1 percent year-on-year in September, slowing from a revised 4.4 percent in August, according to figures released by the Czech Statistical Office on Thursday. The annual growth rate slowed for the second consecutive month, while sales increased by just 0.1 percent compared with August. Sales of non-food goods rose by 7.3 percent and food sales increased by 2.7 percent. In contrast, fuel sales declined by 4.5 percent. Online retailers recorded the strongest growth, with sales rising by 14.5 percent compared with the same month last year.
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11/05/2026
Trade unions at Czech carmaker Škoda Auto say employees could limit voluntary overtime unless they receive adequate pay. Union leader Jaroslav Povšík said weekend and summer overtime could be restricted, although no strike is currently planned. The warning follows Volkswagen's reported demand to freeze wages, bonuses and other remuneration until 2030, which unions reject. Škoda's Czech factories remain among the profitable parts of Volkswagen, which is struggling in Germany. The company is one of Czechia's largest employers and a major driving force of its economy.
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11/05/2026
Czech basketball player Vít Krejčí suffered a broken left ankle during Portland Trail Blazers' 132–119 victory over Phoenix in the NBA. The 26-year-old was injured late in the third quarter while attempting to stop an attacking move by Miles Bridges. After colliding with his opponent, Krejčí landed awkwardly and fell to the floor. Teammates helped him off the court before he hopped to the locker room on one leg. Portland coach Micah Nori confirmed the fracture after the game. Krejčí had played 12 minutes, contributing five points, three rebounds and two assists before his injury.
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