Business
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Czech central bank seen curbing volatility when low crown regime ends
The Czech crown has just witnessed a taster of what the central bank, government, and business do not want to see – some uncharacteristic volatility - following the…
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Czech central bank wrong foots analysts, speculators, focused on low crown
In the poker game that is international financial speculation, central banks often have the best cards in their hands. Of course, that’s not always the case.
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Central bank reaffirms plan to end currency intervention – but precise date still unknown
The Czech National Bank has reaffirmed that its currency intervention policy, launched in 2013 to keep a strong crown in check against the euro and to prevent deflation…
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Chinese trains giant CRRC to buy problem-hit Škoda Transportation?
There is speculation that the Plzeň-based engineering company Škoda Transportation will be sold to the Chinese company CRRC, iHned.cz reported on Thursday. However, a…
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Škoda Auto divulges Vision E electric car concept ahead of Shanghai debut
Ahead of the presentation of a prototype at next month’s Shanghai Motor Show in China, Czech carmaker Škoda Auto has just revealed details about, and images of, its first…
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Last ditch appeal to tackle flawed debt collection facing two million Czechs
Debt collecting bailiffs are a factor in the lives of millions of Czechs. Many of them are in fact subject to multiple collection proceedings for fairly minor sums with…
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Future of data box system uncertain as competition to operate it runs aground
The future of the Czech Republic’s “data box” repository system, an online platform via which official documents can be lodged with the state authorities, is unclear after…
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Forex interventions could end in a matter of days
The forex interventions policy launched by the Czech National Bank in November 2013 as an instrument for maintaining monetary stability could soon be a thing of the past…
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Czech government considering its options in face of EU fine for clash of interest
There is increased tension in the Czech coalition government over the EC’s announcement that it will fine the Czech Republic 800,000 euros over a clash of interest in the…
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Government approves greater liberalisation of Czech rail market
The Czech rail market is set to open up further to competition after the government’s approval of liberalisation plans on Wednesday, the Czech News Agency reported…
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Škoda profits climb for third record-breaking year in row
Škoda Auto has just enjoyed the most successful year in its history. The Czech-based carmaker saw its profits climb by just over a third in 2016 to reach CZK 25.7 billion…
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New style brainstorming marathon comes up with ideas for Prague metro system
Prague has just hosted a hackathon with global participation with the target to brainstorm and come up with solutions for cities like the Czech capital where getting from…
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