DIW study: Most self-employed in Germany save for retirement, but gaps remain

A large majority of self-employed people in Germany are making provisions for retirement, although a small share remain without coverage and some consider their savings insufficient, according to a study by the German Institute for Economic Research (DIW Berlin).

The research, based on a survey of around 2,000 self-employed individuals, found that 93% use at least one form of retirement provision. These include private investments, property, life insurance and statutory pension schemes. Around two-thirds rely on more than one form, while 30% combine all three. On average, respondents allocate more than one-fifth of their net income to non-mandatory retirement savings.

“Until now, there has been a lack of up-to-date and representative data to assess just how precarious the situation of the self-employed actually is. We have now closed this gap with a representative survey of 2,000 self-employed people,” said Alexander Kritikos, head of the Entrepreneurship Research Group and member of the Executive Board at DIW Berlin. “The findings refute the common perception of the self-employed as a group in need of blanket protection who will later end up relying on basic income support across the board,” added Maximilian Priem.

Despite the generally high level of participation in retirement savings, a small proportion of self-employed individuals do not make any provisions and could face financial difficulties in old age. In addition, just under one-fifth of respondents, particularly those with lower incomes, reported feeling inadequately prepared for retirement.

“For the self-employed who make no provision at all and could therefore fall back on basic state support, compulsory pension provision would make sense – a mechanism that ensures a minimum level of security in old age,” said Kritikos. “This would allow them to cover part of their living costs in old age themselves – and the state would not have to finance what could be a complete reliance on basic state support.”

The study suggests introducing targeted mandatory pension schemes for those without any existing provision, combined with state support for lower-income self-employed individuals. This could include subsidies matching individual contributions up to a certain income threshold, proposed at €36,000 per year.

The authors also point to the need for clearer contribution benchmarks, as not all self-employed individuals save at sufficient levels. They suggest that a reference contribution rate could be aligned with statutory pension contributions, while allowing flexibility in how savings are accumulated across different instruments.

“Our findings show that the self-employed are generally highly willing to make provisions for old age,” said Priem. “What is crucial are suitable instruments, flexible contributions and targeted support for low-income earners.”

The study highlights the Austrian system as a potential model, where contribution payments can be adjusted to reflect fluctuating incomes. “The model we propose combines individual personal responsibility with necessary social support and takes account of the fluctuating economic reality of self-employment through flexible contribution options,” Kritikos added.

Studio A office building in Warsaw implements neutral host connectivity system

Skanska Commercial Development Europe has introduced a Neutral Host In-Building (NHIB) connectivity model at its Studio A office development in Warsaw. According to the company, this is the first implementation of this type in an office building in Poland. The infrastructure was designed and delivered by StarNet Telecom in cooperation with VECTOR.

The NHIB model is based on a centralised system, known as a BTS Hotel, which allows mobile network coverage to be distributed from an external hub rather than through separate base stations installed within the building. The signal is transmitted via optical fibre and can support multiple operators and frequency bands, including 5G.

Rafał Kot, Technical Quality Expert at Skanska Commercial Development Europe, said: “In Poland, Skanska is the first office developer to introduce this solution, which optimizes mobile phone coverage in buildings. Studio A is also becoming a kind of laboratory for new technologies. We believe that innovation can thrive if it is implemented – so we create the space for it. This is not the only modern solution in our Warsaw investment – we are also implementing a digital twin supported by AI algorithms and web-based mobile solutions (Apple/Google Wallet) for seamless and secure access.”

The system enables full mobile coverage from the start of building operations, regardless of occupancy levels. It also allows tenants to access connectivity during relocation phases, while accommodating multiple mobile network operators.

Mateusz Gluz, Senior Project Leader at Skanska Commercial Development Europe, commented: “The deployment of the NHIB model at Studio A demonstrates that mobile connectivity is transitioning from a technical challenge in office properties to a critical standard for modern business operations. Furthermore, from a developer’s perspective, the building does not require long-term intervention in its telecom infrastructure or additional construction work as networks evolve, and new connectivity standards emerge. This constitutes another significant advantage of this model.”

Przemysław Pawłowski, CEO of StarNet Telecom, added: “The implementation at the Studio A complex illustrates that the Neutral Host model is no longer merely a technological concept but is evolving into a practical infrastructure tool for the real estate market. We are pleased that the first commercial deployment in a Polish office building was realized in partnership with Skanska – a collaborator with whom we have been developing telecommunications infrastructure for modern properties for many years. This project confirms that mobile connectivity can now be designed with greater efficiency, scalability, and preparedness for future technological standards.”

According to the companies, the centralised system reduces the need for multiple installations within the building and can contribute to lower operational and energy costs. The infrastructure is designed to adjust power usage based on demand, which may support energy efficiency targets and building certification requirements.

bpv Grigorescu Ștefănică advises Zitec on Equilobe acquisition

bpv Grigorescu Ștefănică advised Zitec on the acquisition of Equilobe, a Romanian company specialising in complex software development. The transaction supports Zitec’s expansion strategy, with a focus on Western European markets including Germany and the Netherlands.

Following the acquisition, Zitec aims to strengthen its delivery capacity for large-scale .NET projects by integrating Equilobe’s team and expertise. The move is also intended to support the company’s development of solutions based on the Microsoft ecosystem.

Iulia Dragomir, Partner at bpv Grigorescu Ștefănică, said: “We are delighted to have supported Zitec in its acquisition of Equilobe, a step that helps strengthen its delivery capabilities and support its growth plans. Our assistance focused on the legal aspects essential for structuring and integration, in close collaboration with the teams involved. We thank the Zitec team for the trust they placed in us throughout this transaction.”

Alexandru Lăpușan, CEO and co-founder of Zitec, added: “Working with our trusted legal partner played a key role in the execution of this transaction. The expertise and pragmatic approach of the bpv Grigorescu Ștefănică team supported the efficient management of the key stages of the acquisition.”

The advisory team was led by Iulia Dragomir and included Laura Popa, Anamaria Rotariu and Antonia Coman.

bpv Grigorescu Ștefănică has recently advised on several M&A transactions, including mandates involving Motherson, CBS, Autonom International, FOOTPRINTS AI and SARMIS Capital.

Photo: Iulia Dragomir, Partner at bpv Grigorescu Ștefănică

Colliers survey: Hybrid work stabilises as most Romanian companies maintain office space

Nearly half of companies in Romania expect employees to work from the office three to four days per week in 2026, reflecting a more structured approach to hybrid working, according to a survey conducted by Colliers among 101 companies.

At the same time, around 75% of organisations plan to maintain their current office footprint, despite 55% reporting lower office occupancy compared with pre-pandemic levels. The findings suggest that companies are adapting how space is used rather than significantly expanding or reducing it. The survey includes companies primarily based in Bucharest, alongside respondents from Cluj-Napoca and Timișoara, with the IT&C and professional services sectors representing a significant share of participants.

Most companies indicate limited changes to their office space requirements in the near term. Around 75.25% expect to keep their current space, while 8.9% anticipate reductions of up to 25%. Approximately 9% plan moderate expansion, with fewer than 3% considering larger increases. At the same time, 31.3% of companies expect employees to be present in the office one to two days per week, highlighting continued flexibility in working patterns.

Office utilisation remains uneven, with many organisations reporting that between 30% and 70% of employees are present on a typical day. Only a minority report near-full occupancy, and just 36% of respondents describe the office environment as “vibrant,” while most consider it relatively quiet.

Daniela Popescu, Director | Tenant Services & Workplace Advisory at Colliers, said: “Companies are no longer trying to radically change the way people work, but rather to adjust and gradually refine it. The survey data shows a clear trend towards a more structured hybrid model, in which employees come to the office more often than in recent years, but without returning to the traditional five-day office schedule. For example, nearly half of companies expect employees to be present in the office three to four days a week, while only a small share remain fully remote or fully office-based. At the same time, companies are focusing their attention on optimising existing spaces and developing wellbeing programmes that create a more balanced and attractive working environment for employees.”

While office locations and access to amenities remain important, attendance levels are still partial, and employees increasingly expect additional benefits to support office-based work. Around 50.5% of companies say they have not introduced specific initiatives to increase attendance, relying instead on internal policies or employee choice. Among those taking action, the most common measures include internal events, attendance rules and workspace upgrades, while financial incentives are used less frequently.

Managing office space continues to present challenges for occupiers. High rent and maintenance costs are cited as the main concern by 44.55% of companies, followed by inefficient use of space and limited building flexibility for hybrid work.

Popescu added: “Overall, the survey results show that the labour market is entering a phase of gradual adjustment, with companies refining their working strategies and the way they use office space. Instead of radical changes, most prefer to optimise existing spaces, strengthen the hybrid working model and invest in programmes that support collaboration and employee wellbeing.”

The survey also highlights a growing focus on employee wellbeing. Around 38.6% of respondents say remote work has had no significant impact on wellbeing, while 34.6% report a positive effect and 26.7% a negative one. In response, approximately two thirds of companies have implemented wellbeing initiatives, including coaching, therapy, workshops and social activities. Overall, the findings point to a gradual stabilisation of hybrid working models, with companies focusing on improving efficiency, employee experience and the effective use of office space.

Futureal Energy Partners backs sale of 125 MW Finnish battery storage project

Futureal Energy Partners (FEP) has supported the development and sale of the Tuovila battery energy storage system (BESS) project in western Finland to Prime Capital AG. The project, developed by Aurinkokarhu Oy, has a planned capacity of 125 MW with up to four hours of storage duration.

As part of the transaction, FEP provided a development loan in September 2025 to finance remaining development costs and help bring the project to a ready-to-build stage. The financing was also linked to the sale process, which was completed within approximately two months.

The Tuovila BESS project is intended to provide grid services such as load shifting, balancing and frequency response, contributing to the stability of Finland’s electricity system. Construction is expected to begin in the second quarter of 2026, with operations targeted for early 2027.

The deal marks FEP’s first transaction in the Finnish renewable energy market. Aurinkokarhu Oy acted as the project developer, while Prime Capital AG acquired the asset as part of its European energy investment strategy.

Sellpy to lease 38,000 sqm at Panattoni’s Wrocław Campus 2

Panattoni has signed Sellpy as a tenant at Wrocław Campus 2, where the company will occupy approximately 38,000 sqm for a distribution warehouse.

Wrocław Campus 2 represents the second phase of a larger industrial development in Lower Silesia, with a planned total area of around 160,000 sqm. About 102,000 sqm is currently under construction. The first tenant at the site is logistics operator DSV.

The project is located around 20 km from Wrocław city centre, with access to the A4 and A8 motorways, providing connections to other regions in Poland and across Europe.

The development is being designed to meet BREEAM “Excellent” certification standards and will include features such as green areas and electric vehicle charging infrastructure.

Marek Dobrzycki, Partner at Panattoni, said: “We are pleased that Sellpy has chosen Wrocław Campus 2 to establish its second warehouse in Poland. With several sustainable solutions integrated, it’s the plan to undergo BREEAM Excellent level certification process.”

Sellpy is expected to begin operations at the facility in spring 2026.

Revetas Capital starts construction of new logistics building at Sofia Airport Center

Revetas Capital has started construction of a new logistics building, B04, at Sofia Airport Center (SAC), a mixed-use business park located near Sofia International Airport.

The start of works was marked by a ceremonial groundbreaking event on 16 March, including the traditional “First Sod” ritual and a Vodosvet blessing.

The B04 building will provide around 5,700 sqm of gross lettable area, including approximately 5,000 sqm of logistics space and 700 sqm of office space. Completion is scheduled for February 2027.

Yavor Michev, Project Development Director at CERES Management Services, said: “The B04 building will deliver approximately 5,700 sqm of gross lettable area, comprising around 5,000 sqm of Class A logistics space and 700 sqm of modern office accommodation, with completion scheduled for February 2027. Designed to meet the requirements of modern logistics and light industrial occupiers, the project integrates robust technical specifications, full MEP installations, and dedicated fire protection systems. In addition, new internal road infrastructure and an additional access route will enhance circulation and functionality across the entire Sofia Airport Center logistics platform. With construction now underway, our focus is on efficient execution and timely delivery.”

Sofia Airport Center hosts a range of occupiers across logistics, distribution, air cargo, manufacturing and technology sectors. The existing logistics space within the park is fully occupied.

The new B04 building is already 65% pre-let, with ongoing negotiations for the remaining space.

Vlad Dragoescu, Partner and CEE Head of Portfolio Management at Revetas Capital, said: “B04 is more than a single building – it is the first proof of concept for the warehousing and logistics development potential that has always been embedded in Sofia Airport Center. SAC is a landmark property unlike anything else in Sofia: it combines 17,300 sqm of Class A offices and retail premises with 16,300 sqm prime logistics space, a 9,000 sqm landscaped park and lake, resort standard amenities, and direct adjacency to Sofia International Airport – all on a 12 hectare site with the infrastructure, connectivity and zoning to support a full scale logistics campus. With Bulgaria now in the eurozone, prime logistics vacancy at a record low and virtually no comparable competing supply in the pipeline, the timing to activate this potential could not be better.”

He added: “B04 is our pilot project, but the real story is what comes next. Beyond this building, Sofia Airport Center holds approximately 6 hectares of development land capable of delivering around 57,000 sqm of additional Class A logistics and warehouse space, including buildings C01 at approximately 6,000 sqm and C02 at approximately 3,800 sqm, that are in pre-development phase. That is an exceptional pipeline concentration for a single site in Sofia, and B04 gives us the operational track record, tenant demand validation and infrastructure backbone to accelerate it. We see SAC evolving into Sofia’s premier logistics destination – one that also happens to offer its occupiers something no conventional industrial park can: the environment, amenity and connectivity of a unique social and business campus.”

Chapter One: Boarding Now… In Theory

A Mitzi Linka field report from somewhere between Gate Control and Group Therapy

There is a moment at every airport when optimism quietly taps you on the shoulder and says, “This could go smoothly.” It usually happens just after the words Boarding Now appear on the screen.

That is also the exact moment everything begins to unravel.

At first, nothing seems unusual. The gate is full. People are standing with purpose. Phones are being checked as if they might reveal hidden truths. The staff confirm boarding has started. The system confirms boarding has started. Everyone collectively agrees that boarding has, in fact, started.

There is just one small detail missing.

The plane.

Not delayed. Not late. Not circling dramatically above the city. Simply not there.

Naturally, the brain adapts. Perhaps it is a bus transfer. A charming throwback to simpler aviation times. A reminder that travel is about the journey, not the destination.

But then, just as hope begins to stabilise, an aircraft appears in the distance. It taxis past the gate… and continues on its way without so much as eye contact.

It returns moments later. A full loop. A perfect boomerang.

Now the entire gate is invested. This is no longer a boarding process. This is a storyline.

Eventually, the truth emerges. The aircraft does belong to us. It simply needs to empty itself first. A minor logistical detail, one might think, yet somehow not reflected in the ongoing announcements insisting boarding is underway.

Passengers begin moving down the tunnel regardless. Hope is a powerful force. The line grows, compresses, stretches. And then, halfway through the tunnel, everything stops.

No explanation. No update. Just a silent, shared understanding that something, somewhere, has gone slightly wrong.

Time passes in layers. Cleaners enter the aircraft. Passengers wait. The system continues to suggest progress. Reality suggests otherwise.

Then comes the turning point.

A voice, slightly uncertain but determined, instructs everyone to go back. Not gradually. Not in phases. All at once.

Reverse the entire process.

It takes several minutes for this message to travel from the front of the line to the back, like a rumour in a small village. By the time it reaches the final passengers, the mood has shifted from confusion to quiet acceptance.

People return to the gate. They sit. They stand. They stare. Some reflect on life choices.

And then, without warning or structure, boarding begins again.

This time it is not organised. It is instinctive.

Any sense of order dissolves instantly. Priority groups, boarding zones, ticket classes all become theoretical concepts. What emerges instead is a collective forward motion, driven by one simple human objective: to finally sit down.

Once onboard, the experience stabilises, at least on the surface.

The cabin crew remain calm, composed, and quietly resilient. Questions are acknowledged, though rarely answered in full. Passengers with tight connections search for reassurance. The response is consistent.

Please take your seat. Information will follow.

It may. It may not.

In the forward section of the cabin, often referred to as business class, the experience takes on a slightly different tone. The dividing curtain has been extended, creating the impression of exclusivity, while the physical space suggests compromise.

Legroom is limited. Reclining seats encroach freely. Personal boundaries become negotiable.

Passengers adapt accordingly. One folds elegantly into a compact position more commonly associated with yoga than aviation. Another transforms her seat into something between a lounge, a bed, and a philosophical statement about personal space.

Further back, the cabin evolves into live entertainment.

One passenger expands her dining area with surprising force, briefly introducing a level of physical interaction between rows. Another remains entirely absorbed in her own world, headphones firmly in place, posture shifting continuously, seemingly detached from the concept of shared space altogether.

There is a rhythm to it all. A choreography of small movements, personal habits, and competing interpretations of how public space should function.

At some point, a technical issue is mentioned. The explanation is brief. The details are limited. It raises more questions than it answers, but by now, most passengers have accepted that clarity is not guaranteed.

Delays follow a similar pattern. Not large, disruptive delays, but small, incremental ones. Five minutes at a time. Then another five.

Just enough to shift expectations. Not enough to provoke rebellion.

It creates a subtle illusion. The flight is never significantly late, yet it is never quite on time.

And yet, despite everything, there is something undeniably human in the experience.

The crew remain courteous. Patient. Even warm. The kind of people who, outside of this environment, would leave a completely different impression. The system may be imperfect, but their effort is not.

Later, on the ground, a taxi driver offers a fitting conclusion. When a minor issue arises and confidence is required, the response is simple.

“I have faith,” I say.

“And I have faith in God,” she replies.

It feels, in many ways, like the perfect summary.

Because what unfolds across these journeys is not just air travel. It is a reflection of something broader. A system balancing operational pressure, human behaviour, and economic reality, all playing out in a confined space at 30,000 feet.

Is it the airline?
Is it the passengers?
Is it the structure that holds it all together?

Most likely, it is a combination of all three.

What remains certain is this.

The journey rarely unfolds exactly as expected.

And perhaps that is precisely why it continues to hold attention.

This is only the beginning.

Author: Mitzilinka – Turning grim reality into comic relief without losing the truth

© 2026 cij.world

An Emergency Fund – The Investor’s Underrated Weapon: How to Build One and Where to Invest the Funds

Most investors focus on building a portfolio of shares or bonds, often overlooking the foundation of financial security, a reserve for unforeseen expenses. Experts argue that without a solid emergency fund, even the best investment strategy can collapse in the face of a crisis.

An emergency fund is intended to cover basic expenses rather than maintain a current lifestyle. Without such a financial cushion, investors are more exposed to market volatility, as a lack of reserves can force them to sell assets at unfavourable moments. Approaches such as deposit laddering can help balance liquidity and returns, while for wealthier individuals, the role of an emergency fund extends beyond simple protection.

Unexpected costs such as a broken gearbox, sudden job loss or major home repairs often arise at the least convenient time. Many people are unprepared for such situations, as various reports indicate that a significant share of households continue to live from payday to payday.

“The standard recommendation is three to six months’ worth of basic living costs. However, the key word here is ‘basic’. It is not about maintaining your current standard of living, but about covering essential expenses such as rent or mortgage payments, utility bills, insurance and food. From this perspective, building a financial cushion becomes much more realistic. In today’s rapidly changing environment, the size of the emergency fund should be tailored to individual circumstances. I recommend thinking in terms of a minimum of six months, ideally a year,” comments Radosław Jodko, investment expert at RRJ Group.

He notes that personal circumstances are critical. A single individual who can relocate or reduce costs quickly may require a smaller reserve than a household with fixed obligations such as a mortgage, vehicles and dependent children.

“This is not the place to seek higher returns. An emergency fund must meet three criteria: capital security, immediate availability and predictability. That is why traditional instruments such as savings accounts, fixed-term deposits and money market accounts are the most appropriate,” emphasises Jodko.

He cautions against investing emergency reserves in higher-risk assets such as equities or bond funds, as these may need to be liquidated at a loss during periods of market stress.

Investors seeking modest returns without sacrificing liquidity may consider a ladder strategy, which involves splitting funds across deposits with different maturities. This approach allows regular access to portions of capital while maintaining overall stability.

“If you have PLN 30,000, you can divide it into three deposits for three, six and twelve months. Every quarter, one deposit matures, providing access to part of the funds without the need to break a deposit early and lose interest,” explains Jodko.

Experts also stress the importance of starting with a clear financial overview. This involves calculating all liquid assets, including balances in current and savings accounts and deposits, while excluding funds allocated for other purposes.

“Only then should you calculate your basic monthly expenses and multiply them by six. The difference between this target and your current balance is the amount you need to save. If this seems overwhelming, start with a smaller goal, even PLN 1,000 in reserves is better than nothing,” he adds.

Automation plays a key role in building reserves. Setting up regular transfers into a savings account on payday can help establish consistent saving behaviour.

The need for an emergency fund does not diminish with increasing wealth, although its function evolves.

“Clients investing several hundred thousand zlotys a month often have a false sense of security. Their wealth is tied up in property, businesses or alternative investments. On paper they are wealthy, but in practice they may struggle to access cash quickly,” notes Jodko.

For wealthier investors, liquidity also enables them to act during market downturns.

“When the market falls, those with cash can invest. Those without it are forced to wait or sell assets at low prices. In this sense, an emergency fund is not just a safety buffer, but also a strategic tool,” he adds.

In such cases, experts recommend maintaining reserves equivalent to 12 to 24 months of expenses, reflecting higher fixed financial commitments.

For many investors, the question remains whether to prioritise building an emergency fund or investing.

“The emergency fund should come first. Without it, you are exposed to market pressure. It provides the ability to remain patient and avoid making decisions under stress,” says Jodko.

At the same time, building an emergency fund does not necessarily require postponing all investment activity. A balanced approach may involve allocating funds to both objectives simultaneously, particularly when managing high-interest debt.

Author: Radosław Jodko, RRJ Group

Czechia: Producer price trends point to easing inflation, but geopolitical risks remain

Producer prices in the Czech Republic continued to decline in February, suggesting a potential easing of consumer price pressures in the coming months. However, analysts warn that the conflict in the Middle East, particularly involving Iran, could offset this trend through higher energy and commodity costs.

According to data published by the Czech Statistical Office (ČSÚ), industrial producer prices fell by 2.9% year-on-year, marking the 13th consecutive monthly decline. Agricultural producer prices dropped by 8.1%, extending a downward trend that has continued for three years and intensified in recent months. In contrast, prices for construction work and market services for businesses continued to rise.

On a month-on-month basis, prices declined only in agriculture, while industry, construction and services recorded slight increases.

Analysts note that under stable conditions, the current development would indicate a slowdown in consumer inflation, particularly for food. However, external factors are expected to influence the outlook.

“The year-on-year price reduction is mainly due to cheaper electricity – thanks to the favourable development of prices on the exchanges, and also because of the state’s decision to forgive companies and households the fees for supported renewable energy,” said Tereza Krček, an analyst at Raiffeisenbank.

Vít Hradil, chief economist at Investika, said the broader inflation outlook may shift. “For the future development of consumer inflation, this data would indicate very calm times, but in the coming period the war in Iran is likely to speak to prices through more expensive energy commodities, chemicals, fertilizers and other production inputs,” he said.

Further price pressures are expected to emerge in the near term. “Even in the March figures, the price jump caused by the dramatic increase in oil prices and its derivatives will be visible in the production prices in the industry,” said Petr Dufek, chief economist at Creditas Banka. He added that higher costs are likely to pass through to agriculture and eventually to consumers. “The period for consumers of pleasantly very low inflation may be over quite soon,” he said.

Radomír Jáč, chief economist at Generali Investments CEE, also pointed to the impact of energy markets. “The rise in mineral fuel prices, including oil, with an impact on fuel prices, will be very rapidly affected, and agriculture may be affected by the global shortage of fertilizers, or their price increase, which is also one of the consequences of the conflict in the Middle East,” he said. He added that the duration and intensity of the conflict will be a key factor in determining the scale of the impact.

Looking at sector details, industrial price declines were driven mainly by lower energy costs, with prices for electricity, gas and related services falling by 7.1% year-on-year. Prices also declined for chemicals and food products, including dairy. By contrast, prices increased in areas such as wood products and machinery maintenance. Among industrial groupings, energy prices fell by 7.4%, while prices for durable goods rose by 1.7%.

In agriculture, the decline was led by crop production, where prices dropped by 14.4% year-on-year. Significant decreases were recorded for fruit, potatoes, vegetables, cereals and oilseeds. Livestock prices fell more moderately, although pig and milk prices declined, while cattle, poultry and eggs recorded increases.

Construction work prices rose by 2.7% year-on-year, while material costs increased by 1.9%. Market services for businesses saw annual growth of 3.4%, driven in part by higher prices for advertising, market research and employment services.

Foreign trade data for January showed export prices declining by 3.9% year-on-year and import prices by 5.6%, partly reflecting the strengthening of the Czech koruna against the euro and the US dollar. On a monthly basis, both export and import prices increased slightly, influenced primarily by rising electricity prices.

Analysts expect that, depending on how the geopolitical situation develops, producer price inflation could increase again later this year. “Depending on the duration and intensity of the conflict, we can expect production inflation to rise by higher tenths to low single percentage points during this year,” Hradil said.

Source: CTK

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