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CNB's Zamrazilova To Speak, Retail Sales Contract Less Than Forecast

CZECHIA
  • Prime Minister Petr Fiala said that the government's 2024 deficit target of CZK252bn will not change during the upcoming negotiations with coalition partners and described the expected fiscal gap as "realistic".
  • Hospodarske Noviny reported that there have been several major personnel changes in the presidential adminisstration at the initiative of Chancellor Jana Vohralikova, which affected some of the Presiden't close aides from the campaign trail.
  • Czechia's retail sales (ex-auto) contracted 1.8% Y/Y in July after a revised 3.9% decline in June. The latest outturn was better than expected, with consensus looking for a 3.1% fall.
  • CNB Deputy Governor Eva Zamrazilova and some government officials will speak at a coference of the Association for Foreign Investment today at 13:00BST/14:00CEST.

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