Commenting on today’s interest rate decision by the Bank of England’s Monetary Policy Committee, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said:

“The Bank of England’s decision to raise interest rates was surprising given mounting uncertainty over the economic impact of the Omicron variant. While today’s rate increase may have little effect on most firms, many will view this as the first step in a longer policy movement – not as a partial reversal of last year’s…

Curfew will be valid at night; family gatherings allowed

Restaurants remain closed. Compiled by Spectator The government approved another round of milder measures. From December 17, people will be allowed to visit each other. The cabinet approved gatherings up to a maximum of six people, or for members of one household. This comes after Health Minister Vladimír Lengvarský told the public last week that…

BCC Reacts to Latest ONS Inflation Figures

Commenting on the inflation statistics for November 2021, published today by the Office for National Statistics, Head of Economics at the BCC Suren Thiru, said:  “The latest figures confirms that the surge in inflation continued unabated in November.   “The increase largely reflected higher fuel prices and strong base effects which pushed up clothing and footwear prices in comparison with November 2020. Stronger growth in…

BCC says October Trade data a warning sign

Reacting to the latest ONS Trade figures, William Bain, Head of Trade Policy at the British Chambers of Commerce, said: “The recent uplift in trade with the EU following a difficult start to 2021 is not being sustained, and in October tipped into reverse. “This is a warning sign. Although the data is a one-month snapshot it feeds into a detectable trend of a levelling off…

📢NEW MEMBER ALERT – GPI EUROPE📢

“The GPI Group was established in September 1990 and GPI Europe a.s., a dedicated and regulated company in Europe registered in Bratislava Slovakia, commenced in January 2017.Our focused aim is to bring financial advice all people irrespective of their current financial position.We are dedicated to bringing trusted advice based upon a skilled assessment of present…

Crowdberry to hold its first Czech & Slovak forum on impact of growth capital

PRESS RELEASE Bratislava/Prague, 4 November 2021 – Czech and Slovak investors, company founders and entrepreneurs will meet to discuss and share their experience with growth capital and its impact on the value of companies. The first Crowdberry Forum is to be held on 23 November 2021 in the form of virtual conference and the program…

📢NEW MEMBER ALERT – CTP Invest Slovakia📢

CTP is a full-service developer and manager of high-tech customised industrial and logistics parks. Our portfolio spans 6.6 million m² of leasable space, making us the market leader in CEE and a top five developer in Europe. Our tenant network encompasses over 700 local and global companies, from a dynamic assortment of sectors, namely manufacturing,…

BCC says new EU Export Support Service must add value

William Bain, Head of Trade Policy at the BCC, said:   “Business has been pointing out the daily difficulties firms, large and small, have had with the new trading terms for EU exports since they started on 1 January.   “Many have found themselves wrestling with issues around VAT, export health certificates, and origin certification for the first time.  “The Chambers Network and ChamberCustoms were ready on day one…