{"id":10653,"date":"2026-05-12T10:41:00","date_gmt":"2026-05-12T08:41:00","guid":{"rendered":"https:\/\/emagazin.plus\/?p=10653"},"modified":"2026-05-12T16:18:20","modified_gmt":"2026-05-12T14:18:20","slug":"konjunkturumfrage-2026","status":"publish","type":"post","link":"https:\/\/emagazin.plus\/cz\/konjunkturumfrage-2026\/","title":{"rendered":"Konjunktur\u00e1ln\u00ed pr\u016fzkum\u00a02026"},"content":{"rendered":"\n<p class=\"has-text-color has-link-color wp-elements-1 wp-block-paragraph\" style=\"color:#e66000;font-size:20px\"><strong>Osmilet\u00fd pokles investic se zastavil. \u010cesko se odpojuje od n\u011bmeck\u00e9ho trendu stagnace<\/strong>                                                      Ceny energi\u00ed v\u0161ak v\u00fdrazn\u011b ohro\u017euj\u00ed&nbsp;konkurenceschopnost firem<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>Sb\u011br dat::<\/strong> <strong>3.3. &#8211; 2.4.2026<\/strong><\/em><\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-2 wp-block-paragraph\" style=\"color:#e66000;font-size:20px\"><strong><em>Shrnut\u00ed:<\/em><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>T\u00e9m\u011b\u0159 v\u0161echny ukazatele vykazuj\u00ed<strong> r\u016fstov\u00fd trend<\/strong>, v\u00fdjimkou je <strong>v\u00fdvoj zam\u011bstnanosti, ve v\u00fdhledu <\/strong>na rok 2026 firmy z\u016fst\u00e1vaj\u00ed <strong>opatrn\u00e9<\/strong>.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pr\u016fmysl je oproti lo\u0148sku v\u00fdrazn\u011b optimisti\u010dt\u011bj\u0161\u00ed<\/strong>, a to p\u0159edev\u0161\u00edm u v\u00fdvoje obratu a investic.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Specifickou roli hraje sektor <strong>obchodu<\/strong>, kde jsou o\u010dek\u00e1v\u00e1n\u00ed ve v\u0161ech ukazatel\u00edch <strong>mimo\u0159\u00e1dn\u011b pozitivn\u00ed<\/strong>.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ve<strong> slu\u017eb\u00e1ch <\/strong>naopak oproti roku 2025<strong> klesaj\u00ed investice i v\u00fdvoj zam\u011bstnanosti<\/strong>.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Energie:<\/strong> <strong>nejv\u011bt\u0161\u00ed riziko<\/strong> pro podnik\u00e1n\u00ed a konkurenceschopnost firem p\u0159edstavuj\u00ed <strong>ceny energi\u00ed a bezpe\u010dnost dod\u00e1vek<\/strong>.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Valn\u00e1 v\u011bt\u0161ina firem po\u017eaduje stabiln\u00ed a<strong> p\u0159edv\u00eddateln\u00e9 regulatorn\u00ed prost\u0159ed\u00ed a rychlej\u0161\u00ed rozvoj jadern\u00e9 energetiky.<\/strong><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Srovn\u00e1n\u00ed zem\u00ed st\u0159edn\u00ed a v\u00fdchodn\u00ed Evropy: Jedni\u010dkou v regionu jako investi\u010dn\u00ed lokalita z\u016fst\u00e1v\u00e1 <strong>Polsko<\/strong>.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-3 wp-block-paragraph\" style=\"color:#e66000;font-size:17px\"><strong>Indik\u00e1tory<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">U t\u00e9m\u011b\u0159 v\u0161ech ukazatel\u016f jsou podniky pro rok 2026 <strong>optimisti\u010dt\u011bj\u0161\u00ed <\/strong>ne\u017e loni, hodnocen\u00ed dal\u0161\u00edho v\u00fdvoje v\u0161ak z\u016fst\u00e1v\u00e1 <strong>opatrn\u00e9<\/strong>. <strong>Sou\u010dasnou ekonomickou situaci <\/strong>hodnot\u00ed podniky v\u00fdrazn\u011b l\u00e9pe ne\u017e p\u0159ed rokem: saldo vzrostlo z lo\u0148sk\u00e9ho +1 na +18 bod\u016f. Stabilizuje se tak pozitivn\u00ed trend. Tak\u00e9 <strong>ekonomick\u00e9 vyhl\u00eddky<\/strong> pro leto\u0161n\u00ed rok se m\u00edrn\u011b zlep\u0161ily, saldo v\u0161ak nad\u00e1le z\u016fst\u00e1v\u00e1 v z\u00e1porn\u00fdch hodnot\u00e1ch (-8 bod\u016f). Podobn\u00fd, i kdy\u017e o n\u011bco p\u0159\u00edzniv\u011bj\u0161\u00ed obraz se ukazuje u vlastn\u00ed podnikatelsk\u00e9 situace a o\u010dek\u00e1v\u00e1n\u00ed do budoucna. Druh\u00fdm rokem po sob\u011b pokra\u010duje rostouc\u00ed trend v o\u010dek\u00e1van\u00e9m <strong>v\u00fdvoji obratu<\/strong> (saldo +33).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">V\u00fdjime\u010dn\u011b pozitivn\u00ed v\u00fdsledky vykazuje sektor <strong>obchodu<\/strong>. T\u00e9m\u011b\u0159 dv\u011b t\u0159etiny firem (64 %) po\u010d\u00edtaj\u00ed se zlep\u0161en\u00edm vlastn\u00edho podnik\u00e1n\u00ed a 71 % o\u010dek\u00e1v\u00e1 v roce 2026 <strong>r\u016fst obratu<\/strong>. Tento trend z\u0159ejm\u011b podporuje siln\u00e1 a stabiln\u00ed dom\u00e1c\u00ed spot\u0159eba i skute\u010dnost, \u017ee americk\u00e1 cla u\u017e nestoj\u00ed v centru pozornosti jako d\u0159\u00edve. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Povzbudiv\u00e9 sign\u00e1ly p\u0159ich\u00e1zej\u00ed z pr\u016fmyslu, kl\u00ed\u010dov\u00e9ho odv\u011btv\u00ed, kter\u00e9 je ji\u017e \u0159adu let pod tlakem. <strong>R\u016fst obratu<\/strong> letos o\u010dek\u00e1v\u00e1 <strong>45 % podnik\u016f ve zpracovatelsk\u00e9m pr\u016fmyslu<\/strong> oproti 39 % v lo\u0148sk\u00e9m roce. Je\u0161t\u011b v\u00fdrazn\u011bj\u0161\u00ed zm\u011bnu lze sledovat u investic: zat\u00edmco loni pl\u00e1novalo jejich sn\u00ed\u017een\u00ed 43 % pr\u016fmyslov\u00fdch firem, letos je to jen 29 %. Zv\u00fd\u0161en\u00ed investic naopak o\u010dek\u00e1v\u00e1 34 % podnik\u016f. P\u0159i pohledu na celkov\u00e9 <strong>investi\u010dn\u00ed pl\u00e1ny<\/strong> firem je z\u0159ejm\u00e9, \u017ee osmilet\u00fd pokles investic se zastavil; saldo stouplo z +5 v lo\u0148sk\u00e9m roce na +11 bod\u016f. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Zdr\u017eenliv\u011bj\u0161\u00ed obraz naopak \u2014 na rozd\u00edl od roku 2025 \u2014 ukazuj\u00ed data ze <strong>sektoru slu\u017eeb<\/strong>. Pod\u00edl firem, kter\u00e9 pl\u00e1nuj\u00ed vy\u0161\u0161\u00ed investice, klesl o 10 procentn\u00edch bod\u016f na sou\u010dasn\u00fdch 32 %. O pozn\u00e1n\u00ed hor\u0161\u00ed hodnocen\u00ed <strong>v\u00fdvoje zam\u011bstnanosti<\/strong> je z\u0159ejm\u011b zp\u016fsobeno rostouc\u00edm nebo pl\u00e1novan\u00fdm vyu\u017e\u00edv\u00e1n\u00edm um\u011bl\u00e9 inteligence.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"382\" src=\"https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild1-1024x382.png\" alt=\"\" class=\"wp-image-10656\" srcset=\"https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild1-1024x382.png 1024w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild1-300x112.png 300w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild1-768x286.png 768w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild1.png 1172w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-4 wp-block-paragraph\" style=\"color:#e66000;font-size:17px\"><strong>\u010cesko se st\u00e1le v\u00edce vzdaluje n\u011bmeck\u00e9mu trendu stagnace<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Srovn\u00e1n\u00ed s aktu\u00e1ln\u00edm konjunktur\u00e1ln\u00edm pr\u016fzkumem N\u011bmeck\u00e9 obchodn\u00ed a pr\u016fmyslov\u00e9 komory (DIHK) ukazuje, \u017ee \u010desk\u00e1 ekonomika se v\u00fdvojem st\u00e1le v\u00edce vzdaluje n\u011bmeck\u00e9mu trendu. Nejz\u0159eteln\u011bj\u0161\u00ed je to u investic a v\u00fdhledu zam\u011bstnanosti pro rok 2026: zat\u00edmco investi\u010dn\u00ed saldo v N\u011bmecku \u010din\u00ed \u20138 bod\u016f, v \u010cesku dosahuje +11 bod\u016f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201eZd\u00e1 se, \u017ee alespo\u0148 v tuto chv\u00edli u\u017e neplat\u00ed, \u017ee kdy\u017e N\u011bmecko dostane r\u00fdmu, \u010desk\u00e1 ekonomika z toho onemocn\u00ed z\u00e1palem plic,\u201c \u0159\u00edk\u00e1 <strong>v\u00fdkonn\u00fd \u010dlen p\u0159edstavenstva \u010cNOPK Bernard Bauer<\/strong>. \u201eNavzdory struktur\u00e1ln\u00edm probl\u00e9m\u016fm a nejistot\u011b v N\u011bmecku si \u010desko-n\u011bmeck\u00fd obchod udr\u017euje vysokou odolnost a dos\u00e1hl rekordn\u00edho objemu 115,7 miliardy eur. To je pozitivn\u00ed zpr\u00e1va.\u201c<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"399\" src=\"https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/Ku-Bild-2-1024x399.png\" alt=\"\" class=\"wp-image-10658\" srcset=\"https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/Ku-Bild-2-1024x399.png 1024w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/Ku-Bild-2-300x117.png 300w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/Ku-Bild-2-768x299.png 768w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/Ku-Bild-2.png 1098w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-5 wp-block-paragraph\" style=\"color:#e66000;font-size:17px\"><strong>Rizika a v\u00fdzvy<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ka\u017ed\u00e1 druh\u00e1 firma (51 %) ozna\u010duje <strong>za nejv\u011bt\u0161\u00ed riziko<\/strong> pro sv\u00e9 podnik\u00e1n\u00ed v p\u0159\u00ed\u0161t\u00edch 12 m\u011bs\u00edc\u00edch <strong>ceny energi\u00ed<\/strong>. V del\u0161\u00edm, t\u0159\u00edlet\u00e9m horizontu je jejich dopad je\u0161t\u011b v\u00fdrazn\u011bj\u0161\u00ed: 63 % podnik\u016f je vn\u00edm\u00e1 jako hrozbu pro vlastn\u00ed konkurenceschopnost. Mezi dal\u0161\u00ed rizika pat\u0159\u00ed nedostatek kvalifikovan\u00fdch pracovn\u00edk\u016f (43 %), pokles popt\u00e1vky (42 %), ceny surovin (40 %) a mzdov\u00e9 n\u00e1klady (38 %). Tak\u00e9<strong> v p\u011btilet\u00e9m horizontu<\/strong> firmy pova\u017euj\u00ed <strong>za nejv\u011bt\u0161\u00ed riziko zabezpe\u010den\u00ed dod\u00e1vek surovin a energi\u00ed <\/strong>(46 %).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Evropa je i nad\u00e1le v\u00fdrazn\u011b z\u00e1visl\u00e1 na dovozu fosiln\u00edch paliv, kter\u00e1 dnes tvo\u0159\u00ed zhruba 30 % celkov\u00fdch n\u00e1klad\u016f energetick\u00e9ho syst\u00e9mu. Ceny jsou proto mimo\u0159\u00e1dn\u011b citliv\u00e9 na jak\u00fdkoli geopolitick\u00fd ot\u0159es, \u0159\u00edk\u00e1 <strong>Claudia Viohl, CEO a p\u0159edsedkyn\u011b p\u0159edstavenstva spole\u010dnosti E.ON \u010cesk\u00e1 republika<\/strong>: \u201eZrychlen\u00e1 elektrifikace a modernizace energetick\u00e9 infrastruktury by mohly tuto z\u00e1vislost do roku 2045 sn\u00ed\u017eit t\u00e9m\u011b\u0159 na polovinu, tedy p\u0159ibli\u017en\u011b na 17 %, a p\u0159esunout kapit\u00e1l z dovoz\u016f do dom\u00e1c\u00edch investic. \u00dasp\u011b\u0161n\u00e1 energetick\u00e1 transformace proto nen\u00ed jen ot\u00e1zkou klimatick\u00fdch c\u00edl\u016f, ale tak\u00e9 p\u0159edpokladem pro stabiln\u00ed ceny, energetickou<br>bezpe\u010dnost a dlouhodobou konkurenceschopnost Evropy.\u201c <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">V reakci na geopolitick\u00e1 rizika u\u017e<strong> ka\u017ed\u00e1 druh\u00e1 firma<\/strong> roz\u0161\u00ed\u0159ila s\u00ed\u0165 dodavatel\u016f a zam\u011b\u0159ila se na nov\u00e9 odbytov\u00e9 trhy. V oblasti energetiky u\u017e polovina firem investuje do <strong>vlastn\u00ed v\u00fdroby energie<\/strong> (nap\u0159. do fotovoltaiky), 45 % zavedlo opat\u0159en\u00ed ke sn\u00ed\u017een\u00ed spot\u0159eby energie a 40 % si zajistilo dod\u00e1vky dlouhodob\u00fdmi smlouvami.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-6 wp-block-paragraph\" style=\"color:#e66000;font-size:17px\"><strong>O\u010dek\u00e1v\u00e1n\u00ed v oblasti energetick\u00e9 politiky<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Firmy od ve\u0159ejn\u00e9ho sektoru \u2014 tedy od obc\u00ed, st\u00e1tu i Evropsk\u00e9 komise \u2014 o\u010dek\u00e1vaj\u00ed opat\u0159en\u00ed, kter\u00e1 zabr\u00e1n\u00ed tomu, aby ceny energi\u00ed nad\u00e1le ohro\u017eovaly jejich konkurenceschopnost. <strong>Za kl\u00ed\u010dov\u00e9 pova\u017euj\u00ed p\u0159edev\u0161\u00edm stabiln\u00ed a p\u0159edv\u00eddateln\u00e9 regulatorn\u00ed prost\u0159ed\u00ed, kter\u00e9 po\u017eaduje 64 % podnik\u016f<\/strong>. V\u00fdrazn\u00e1 \u010d\u00e1st firem (62 %) vol\u00e1 po <strong>rychlej\u0161\u00edm rozvoji jadern\u00e9 energetiky, urychlen\u00ed rozvoje obnoviteln\u00fdch zdroj\u016f<\/strong> podporuje <strong>37 %<\/strong> respondent\u016f. <strong>V\u00edce ne\u017e t\u0159etina podnik\u016f (35 %) <\/strong>se vyslovuje pro <strong>roz\u0161\u00ed\u0159en\u00ed p\u0159eshrani\u010dn\u00ed energetick\u00e9 infrastruktury. C\u00edlenou \u00falevu pro pr\u016fmyslov\u00e9 odb\u011bratele energie<\/strong>, nap\u0159\u00edklad v podob\u011b zv\u00fdhodn\u011bn\u00e9 ceny elekt\u0159iny pro pr\u016fmysl, po\u017eaduje<strong> jen \u010dtvrtina firem (25 %)<\/strong>. Navzdory \u2014 nebo pr\u00e1v\u011b s ohledem na \u2014 rozd\u00edln\u00e9 energetick\u00e9 strategie \u010ceska a N\u011bmecka o\u010dek\u00e1v\u00e1 <strong>58 % firem siln\u011bj\u0161\u00ed evropskou koordinaci energetick\u00e9 politiky<\/strong>, kter\u00e1 by p\u0159isp\u011bla k zachov\u00e1n\u00ed konkurenceschopnosti pr\u016fmyslu.<\/p>\n\n\n\n<p class=\"has-text-color has-link-color wp-elements-7 wp-block-paragraph\" style=\"color:#e66000;font-size:17px\"><strong>Tops &amp; Flops: atraktivita \u010cesk\u00e9 republiky jako m\u00edsta pro podnik\u00e1n\u00ed<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u010cesk\u00e1 republika mezi investory bodovala p\u0159edev\u0161\u00edm d\u00edky t\u011bmto <strong>top-faktor\u016fm: \u010dlenstv\u00ed v EU<\/strong> (1. m\u00edsto),<strong> telekomunikac\u00edm<\/strong> (kvalita s\u00edt\u00ed a slu\u017eeb \u2013 2. m\u00edsto) a tradi\u010dn\u011b tak\u00e9 <strong>kvalit\u011b a dostupnosti lok\u00e1ln\u00edch dodavatel\u016f<\/strong> (3. m\u00edsto).<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"471\" src=\"https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild-3-1024x471.png\" alt=\"\" class=\"wp-image-10661\" srcset=\"https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild-3-1024x471.png 1024w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild-3-300x138.png 300w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild-3-768x353.png 768w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild-3.png 1075w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"557\" src=\"https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild-4-1024x557.png\" alt=\"\" class=\"wp-image-10662\" srcset=\"https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild-4-1024x557.png 1024w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild-4-300x163.png 300w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild-4-768x418.png 768w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild-4.png 1063w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Naopak nejh\u016f\u0159e investo\u0159i v \u010cesku v \u017eeb\u0159\u00ed\u010dku 25 sledovan\u00fdch faktor\u016f op\u011bt hodnot\u00ed <strong>dostupnost kvalifikovan\u00fdch pracovn\u00edk\u016f, p\u0159edv\u00eddatelnost hospod\u00e1\u0159sk\u00e9 politiky <\/strong>(propad z 22. na 24. m\u00edsto) a <strong>efektivitu st\u00e1tn\u00ed spr\u00e1vy<\/strong> (23. m\u00edsto). Za alarmuj\u00edc\u00ed sign\u00e1l lze pova\u017eovat propad faktoru <strong>boj proti korupci a kriminalit\u011b<\/strong> o \u0161est m\u00edst na 22. p\u0159\u00ed\u010dku.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">P\u0159i <strong>srovn\u00e1n\u00ed konkurenceschopnosti<\/strong> \u010ceska s p\u011bti v\u00fdznamn\u00fdmi investi\u010dn\u00edmi lokalitami ve st\u0159edn\u00ed a v\u00fdchodn\u00ed Evrop\u011b prvn\u00ed m\u00edsto op\u011bt obsadilo<strong> Polsko<\/strong>. N\u00e1sleduje \u010cesko, d\u00e1le Rumunsko, Slovensko, Bulharsko a na posledn\u00edm m\u00edst\u011b Ma\u010farsko. Rozhodovaly p\u0159itom p\u0159edev\u0161\u00edm ni\u017e\u0161\u00ed v\u00fdrobn\u00ed n\u00e1klady, investice do infrastruktury a lep\u0161\u00ed p\u0159\u00edstup ke kvalifikovan\u00e9 pracovn\u00ed s\u00edle.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1019\" height=\"325\" src=\"https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild5.png\" alt=\"\" class=\"wp-image-10663\" style=\"aspect-ratio:3.1356380421194348;width:1031px;height:auto\" srcset=\"https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild5.png 1019w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild5-300x96.png 300w, https:\/\/emagazin.plus\/wp-content\/uploads\/2026\/05\/KU-Bild5-768x245.png 768w\" sizes=\"auto, (max-width: 1019px) 100vw, 1019px\" \/><\/figure>\n<!-- AddThis Advanced Settings generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Osmilet\u00fd pokles investic se zastavil. \u010cesko se odpojuje od n\u011bmeck\u00e9ho trendu stagnace<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":10654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[310,311],"tags":[],"class_list":["post-10653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-quo-vaditis","category-umfragepruzkum"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"cz","enabled_languages":["de","cz"],"languages":{"de":{"title":true,"content":true,"excerpt":false},"cz":{"title":true,"content":true,"excerpt":true}}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - 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