Some 67% of Czechs save on a regular basis, a survey of Erste Bank, owner of local high-street bank Ceska Sporitelna, showed. Some 51% of Czechs put money aside every time they have some left over, the survey added. The average amount saved per month is CZK 2,659 (EUR 108), which is by 9% (CZK 219) y/y higher. The most used savings product in the Czech Republic is building savings (52%), followed by savings books or savings accounts (39%), life or capital insurance (38%), government endorsed pension insurance (36%) and securities, funds or investment funds (17%). Some 28% of Czechs keep their savings at home or in a safe. |
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Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more
The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more
The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more